Originally posted by trueno86:
Can anyone help me to interpret the following figures?
Reg date - 16 June 2004
OMV - $5847
Parf - $3216 minimum (Expires on 15 June 2014)
Vehicle Cat - E
Quota premium - $28101
COE Expiry - 15 June 2014
Thanks in advance!
Reg Date: date the car was registered wif LTA (may differ from manufacture yr)
OMV - open market value the cost of importing the car
Parf - the rebate you get back after the 1st 10yrs lifespan of the car (this rebate can be used to offset new car purchases. It is a piece of paper not cold hard cash. Similar to paper rebate but paper rebate is JIT)
Vehicle Cat - Cat A is < 1600cc, Cat B is > 1600cc, Cat E ur COE is tied to the COE amount of either Cat A or B depending on size of car.
QP - is ur COE amount. pls note Cat E amount would be tied to Cat A or B. Eg: u buy a 1.3l car, Cat A amt. is $1 while Cat E is $10,000 this means ur COE is $1 but u paying $10,000 for it if urs is Cat E. the vehicle cat is stated on logcard but not the QP for Cat E
COE expiry - end of ur car 1st 10yrs lifespan.....after which u can use to claim ur PARF or renew ur COE whereas ur PARF will be forfeited....