Converting normal car to off peak car

• magioluca

  21 Jun 06, 18:58

  Hi,
  
  I bought my car in May 04 when COE was at the high end of 27K. If i decided to convert it to an off peak car, do I get some of my COE back in cash, as in pro rated?
  
  Or is it going to be added to my PARF or ARF or watever. These terms are really confusing me.
  
  Stanley.
  
  
• T.Ryousuke

  21 Jun 06, 19:07

  I hear cannot, the other way round can, which is OPC to normal.
• alwaysdisturbed

  21 Jun 06, 19:19

  i heard cannot too...
  u'll lose the value...
• kardealer

  22 Jun 06, 00:45

  Originally posted by magioluca:

  Hi,
  
  I bought my car in May 04 when COE was at the high end of 27K. If i decided to convert it to an off peak car, do I get some of my COE back in cash, as in pro rated?
  
  Or is it going to be added to my PARF or ARF or watever. These terms are really confusing me.
  
  Stanley.
  
  

  If u convert a normal car to an Off peak, this is wat u get; Rebate of $800 road tax per year (if road tax is lower than $800/yr a minimum charge of $50 will be paid as for the road tax). No more rebate from the COE. It's not worth it unless your car is a COE car.
  
  For Off peak to normal is; U need not top up $17k, if u drive 1 year just ($17k-$1.7k=$15,300) Top up $15,300 to convert.
  
  If drive 2 years of Off peak; $17k-($1.7k x 2)= $13,600 to convert.
  
  If u think your depreciation too high for a year, think u let go your car fast. not worth continue driving it if a bigger CC car's depreciation a year is same as yours.
  
  U can change to a newer or smaller car with lower depreciation, or u can change to a bigger car with depreciation same as your car now. So not worth holding a car that u will lose so much per year.
• T.Ryousuke

  22 Jun 06, 03:44

  Just call LTA to check.
• Wheels on Fire

  23 Jun 06, 00:00

  Originally posted by magioluca:

  Hi,
  
  I bought my car in May 04 when COE was at the high end of 27K. If i decided to convert it to an off peak car, do I get some of my COE back in cash, as in pro rated?
  
  Or is it going to be added to my PARF or ARF or watever. These terms are really confusing me.
  
  Stanley.
  
  

  Yes u can convert to OPC provided u have finished servicing yr loan. After that just pay $100 admin charge. Govt will never give u cash rebate. The rebate will be given to u in terms of additional PARF for the period yr car remain as OPC when u deregistered yr car. Note bold letters meaning if u sell off car b4 10yrs, the saving will be pass to next owner