In Singapore, several people desire to get rid of their old cars that have been running several mileages. At this time the basic requirement arrives for de-registration and correct approach to dispose-off the old car. There are vast numbers of avenues that help to scrap your car in Singapore. Few people advise selling cars in the junkyard and others desire to export their car to second-hand cars or scrap car dealers. The vehicle needs to proceed further with the scrapping before it is passed onto another owner of the dumpsite.
The process to scrap car in Singapore:
Application for de-registration:
Owners are responsible to apply for de-registration of the vehicle. This means surrendering the ownership of the car to the appointed disposal center. You need to be aware of the fact that all the outstanding car loan and road taxes are cleared. Doing the task timely and getting it updated to the government systems is the most important task that needs to be performed for de-registration. There are major two ways for the disposal of an old vehicle that is by sending it to a junkyard to get it crushed down or allow it to get exported to other markets. You even need to retain COE and sell its different parts by bargaining with the new dumpsite owner. Just after the de-registration process, the owner can process the documents of the vehicle to the junkyard.
Application for Encash for PARF and COE rebate
Just after de-registration of your vehicle, you can start applying for Encash for PARF (Preferential Additional Registration Fee) and COE rebate. This rebate is going to be compensated within a limited period before the expiry of COE expiries. To find out the PARF and COE rebate forms, you need to make a visit to the One Motoring website and finally log in with the use of SingPass 2FA. Besides this, you can visit the LTA customer Service centre to apply for the encashment. It can be applied online too with the use of SingPass 2FA. Just after logging in, you need to follow all of the instructions flashing over the screen. Within the period of 2 to 4 weeks, you will receive the PARF /COE rebate within this period.
Valuation of the car:
The junkyard that is LTA approved is responsible to execute the task of evaluating the car. The body of the car plays the lead role in marking the basis value but there are other factors even responsible for the final reading. The car model, supply, and demand even affect the valuation of the vehicle in the junk or at the place of the scrap car dealer. Once the valuation is accomplished and received by you, the junkyard owner or dealer fetches all the legal right on the vehicle. This means that junkyard can dispose of the vehicle as per their desire.
Is scraping a better option?
There may be the best possible method for scraping your car, but the maximum number of owners likes to contact the motor dealer to scrap and export the car. This is more convenient and a chance to get a little more money from the deal. The dealers are themselves responsible to de-register and dispose of the car in a quick and easier process. It's time to make a visit to the best dealer and get the best quote for your selling car.
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When you have a car that is broken down by an accident or abandoning for a long time it turns into a piece of junk or starts decomposing and emit harmful gases, fluids, and other substances which are enough to pollute the environment, these cars are declared as scrap cars.
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