OMV and PARF value..

• scorpione_phantom

  8 Jan 03, 19:09

  Hi guys. new to this. wishes to get a second hand car. BUT doesn't have a clue what is OMV and PARF value. for instance.. i am interested in this car that left 3 years old.. i want to know how much do i get back when i scrap the car 3 years later. how to find out? then what is this depreciation thingy all about?? care to explain to me newbie who wishes to buy a second hand car. CHEERS~!!!
• kangkang

  9 Jan 03, 00:38

  think u can get your answer about parf and omv at here
  http://www.onemotoring.com.sg/vehDeReg/dereg_parf.asp
  
  and for the yearly depreciation, it's the (total price of the car - parf )/ 10 for new car. for your case, eg, the selling price of the car is $40k and left 3 yrs with parf value of $10k then the yearly dep = (40k-10k)/3 = $10k.
  hope it helps u.