PARF calculator

What a deregistration returns under the Budget 2026 rebate schedule, and how much that is short of the old one.

ARF paid

Age at deregistration

Rebate after Budget 2026

$24,000−60.0%

$80,000 ARF · 5 years or younger · rebate capped at $30,000

Before Budget 2026$60,00075% of ARF

Shortfall$36,000less in your hand

New rate30%of the ARF paid

On these figures the new schedule returns $36,000 less than the old one — $24,000 against $60,000.

Rebate rates by vehicle age

Rebate cap $60,000 → $30,000 · effective from the 2nd bidding exercise, February 2026

Vehicle age	Before Budget 2026	After Budget 2026	Change
5 years or younger	75%	30%	−45.0pp
More than 5 to 6 years	70%	25%	−45.0pp
More than 6 to 7 years	65%	20%	−45.0pp
More than 7 to 8 years	60%	15%	−45.0pp
More than 8 to 9 years	55%	10%	−45.0pp
More than 9 to 10 years	50%	5%	−45.0pp
Over 10 years	0%	0%	No change

Rates apply to the ARF paid on the vehicle, and the rebate is capped whichever bracket it falls in.

Figures are for illustration only. The PARF rebate is subject to the vehicle's actual ARF paid and its age at deregistration. The new rates apply to vehicles registered with COEs obtained from the 2nd bidding exercise in February 2026 onwards. Source: LTA.