Advice pls

• trueno86

  24 Nov 05, 18:12

  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!
• nightsky87

  24 Nov 05, 22:07

  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!

  OMV = 5847 for a 04 reg car??
• trueno86

  24 Nov 05, 23:06

  Originally posted by nightsky87:

  OMV = 5847 for a 04 reg car??

  yes
• tailslide

  25 Nov 05, 00:06

  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!

  PARF = 0.55 x OMV = amount u get back when u scrap the vehicle after 10 years.
  
  COE is $28,101. depreciates over 10 years.
  
  is this a car or a van? got car so cheap?
  
• kentheman

  25 Nov 05, 05:33

  Originally posted by tailslide:

  PARF = 0.55 x OMV = amount u get back when u scrap the vehicle after 10 years.
  
  COE is $28,101. depreciates over 10 years.
  
  is this a car or a van? got car so cheap?
  

  let me guess...picanto?? kelisa??
• huoye

  25 Nov 05, 16:27

  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....
• trueno86

  25 Nov 05, 23:01

  Thanks to all. Yeah, it's a Kelisa manual.