Latest Scrap Car Guide 2024: How to Scrap Your Car in Singapore?
As a car owner in Singapore, you are required to register for a Certificate of Entitlement (COE) before you can buy a car to drive on the road. A new COE initially has a ten-year validity. After expiration date meet, you can choose either to:
- Renew COE for another 5 or 10 years
- Scrap your car, buy a new car + get new COE
- Export the car, get more money in return
While you might still be thinking which option to go, remember that the longer you drag, the lesser scrap car value you will get from the old car due to depreciation and car condition.
Renewing COE might be a cheaper option for you compared to buying a new car and bidding again for COE. However, there are still other factors that you should take into consideration such as high maintenance cost of old cars, higher road tax for old cars and others.
If you would like to know more about renewing COE in detail, refer here for more information: Pros & Cons of Renewing COE in Singapore.
Step-by-Step Guidelines: Scrap Car in Singapore (Updated as of Jan 2024)
Here in this post, we will guide you step-by-step to the entire process of Scrapping Car in Singapore.
You will have 2 options in Scrapping your car:
- Option 1: De-register vehicle yourself & disposed it at LTA Appointed Scrapyard
- Option 2: Engage a Scrap Car Dealer (**Best Recommended)
Scrapping a vehicle by yourself might be troublesome with all the paperworks and steps. If you would like to avoid all hasslement, we suggest you to go with the 2nd option, engage a trusted scrap car dealer – JA8 Import and Export instead.
Let’s check out the steps involved in scrapping a car and what are the benefits of engaging a direct scrap car dealer.
Option 1: De-register vehicle & disposed it at LTA Appointed Scrapyard
If you do not wish to renew your COE, then scrapping your car or exporting it to another country will be the two options. If your vehicle is too old or not roadworthy, scrap your car would be the best option to make money out of it. Either of them, you will need to deregister your car first.
1. De-registering Your Vehicle
If you’ve opted to scrap your vehicle, the first step is to apply for car de-registration. You can submit the deregistration application online through LTA’s OneMotoring website or you can go to LTA Customer Service Centre.
Some required documents that you need to prepare along with the submission:
- Vehicle Log Card: This is the official document that provides details about your vehicle, including its registration information.
- Certificate of Entitlement (COE): If the COE has not expired, it will need to be terminated as part of the deregistration process.
- Original Sales Agreement: If applicable, the sales agreement for the vehicle should be available.
- License Plates: Remove and retain the license plates from the vehicle, as they are not transferred to the new owner.
You should provide the above vehicle and owner details, including the reason for car deregistration in Singapore. Also, make sure that you settle all outstanding car loans, road taxes or traffic fines before submitting the application. Failure to do so might result in legal action.
2. Verify & Encash for COE and PARF Rebate
After deregistering your vehicle, you will receive a Deregistration Acknowledgment Letter and a Deregistration Certificate. You can then Verify Your COE and PARF Rebate Amount using the letter. You can check the COE and PARF Rebate amount at OneMotoring Website. Alternatively, you can engage a trusted scrap car dealer to solve everything for you.
If you choose to submit the COE and PARF Rebate Application yourself, you will need to login to OneMotoring using your SingPass or CorpPass.
Navigate to the relevant section for COE and PARF rebate encashment.
Go to Ownership> PARF / COE rebate > Apply to encash rebate > Select the vehicle to apply the rebate > confirm details.
You will receive the rebate from LTA in about 2 weeks’ time.
3. Car Valuation from Scrap Car Dealer
Deregistering involves delivering your vehicle to a selected scrap yard. Any vehicles that have not been properly disposed could result in imprisonment or fines, or combination of both. After deregistering your car, you will need to do disposal of the vehicle at an appointed scrap yard.
Choose a trusted Scrap Car Singapore Agent that is LTA Approved. Here we recommend you JA8 Import and Export, a trusted direct scrap car agent in Singapore. We are a direct Singapore scrap car dealer, no intermediaries involved. You are guaranteed the best price here, higher than market value.
Scrap Car dealers will then proceed to evaluate your car condition. Most of the time, the car valuation depends very much on your car’s model and body, together with the supply and demand of its parts in the car spare parts market.
4. Submit Scrap Car Proof to LTA
Deregistering involves delivering your vehicle to a selected scrap yard. Any vehicles that have not been properly disposed could result in imprisonment or fines, or combination of both. After deregistering your car, you will need to do disposal of the vehicle at an appointed scrap yard.
Choose a trusted Scrap Car Singapore Agent that is LTA Approved. Here we recommend you JA8 Import and Export, a trusted direct scrap car agent in Singapore. We are a direct Singapore scrap car dealer, no intermediaries involved. You are guaranteed the best price here, higher than market value.
Scrap Car dealers will then proceed to evaluate your car condition. Most of the time, the car valuation depends very much on your car’s model and body, together with the supply and demand of its parts in the car spare parts market.
Option 2: Engage a Scrap Car Dealer (**Best Recommended)
Through the involvement of a car dealer, you’re effectively transferring ownership of your vehicle along with its remaining COE and PARF value. The Singapore scrap car dealer assumes ownership of the sold vehicle, offering immediate payment.
This eliminates the need for you to handle the encashment of the PARF/ Unused COE value, as mentioned in option 1. Since the dealer takes on the role of the new owner, it becomes scrap car dealer’s responsibility to handle the submission of the required documents.
1. Look for a Trusted Scrap Car Dealer in Singapore.
It is important to check the reviews of the agents on the Internet or Google to make sure that the scrap car agent is trusted to do business with.
Here at Scrapcars.sg, we recommend JA8 Import and Export to you as they are one of the Top 5 Stars Scrap Car Dealers in Singapore. You can find more about customer reviews about JA8 Here.
2. Get a Quotation.
Scrap Car Agent will then arrange an appointment with you at your doorstep to inspect and go through a detailed inspection of your car condition.
If you are looking for the best service, JA8 Import and Export is offering doorsteps collection of your vehicle at zero cost! All you need to do is to request a quotation now, arrange a time, and they will come to collect almost instant.
3. Signing of Sales Agreement.
You can request quotations from a few dealers to get the best price before you engage.
It is advised that you should go through the agreement carefully and make sure the car dealer is trusted to avoid hidden terms and extra charges.
4. Get Your Payment.
Choose the preferred payment method and you should be able to receive payment on the spot.
Simply transfer your vehicle ownership to the SG scrap car dealer only upon meeting up with the trusted scrap car dealer and ensuring they are able to make the payment to you on the spot.
5. Transfer Vehicle Ownership.
Login to www.onemotoring.com.sg with your Singpass > Vehicle Hub > Ownership > Transfer Ownership > Apply to Transfer > Key in next owner details > Name, ID Type, ID number, Contact > Confirm Details and Submit
Advantages of Engaging Scrap Car Dealer in Singapore
Engaging a scrap car dealer is a more simple and seamless way where you sell your car to the dealer. The scrap car dealer will then be fully responsible for the entire de-registering & scrap car process in Singapore. This includes paperwork, documentation submission, scrapping or exporting the vehicle.
Other than that, you will also get your payment instantly with Full PARF remaining amount together with the vehicle price. This option saves you a lot of time and hassle.
Conclusion
In Singapore, drivers who want to get rid of their old, high-mileage cars, hold a responsibility of de-registering and disposing their vehicle or selling it. There are two ways you can dispose of your car in Singapore; some may choose to export it to get more money, while others may choose to sell it to the scrap yard if it’s too old and not roadworthy.
Although the thought of scrapping your car may not cross your mind immediately, think of it as doing your part to help the environment. Car scrappage not only ensures that old, pollution-causing vehicles are disposed off efficiently, but those usable parts from the car are also recycled and reused.
However, scrapping your car can seem overwhelming. For an easier option, request a free quotation from us on your car details. We respond in hours!