It will be better for you to sell or scrape yr old car now b/4 9/2005.
Cars register b/4 May 2002 have a PARF value of 130% of OMV if it is de-reg b/4 the end of 5 years. Car register after May 2002 have only a PARF value of 82.5% of OMV if de-reg b/4 end of 5 years.
Considering that the COE in 2000 is high compared to now. It make more sense to de-reg yr car as
1) higher PARF benefits if de-reg b/4 5 years
2) higher depreciation cost cos of higher COE.
The paper value of yr car is most likely to be much higher then the actual value of the car. Therefore it make sense to scrape yr car b/4 9/2005.
if you go to a car showroom and the SE know that yr car is register in 2000, he will give u very good service cos you are money dropping from the sky.
