As mentioned in my earlier post, I have recently de-registered my car. Even though there is a rather good write-up of the process, I thought I can give some insights with my experience for you to decide whether to do it yourself or to engage a third-party agent (see below for when to engage a third-party). There are generally two ways of de-registering your car. First, if your car is still in a good condition, you can consider to export the car. Secondly, if your car isn’t in the condition, the only way might be to scrap it. I’m sharing my experience for the later.
- You need to get a transaction pin from onemotoring.com.sg to authorize the scrap procedure.
Here is an abstract I’ve gotten (on 21st March 2016) from onemotoring.sg on how to get the pin:
If you are a Singaporean or a Singapore Permanent Resident, you can ask for a Transaction PIN via the “Request for Transaction PIN” function at e-Services@ONE.MOTORING (upon your successful login as an Asset Owner via SingPass) between 6am and midnight daily. You will receive a pressure-sealed notification containing your Transaction PIN and a follow-up notification on your Transaction PIN from LTA within 3 to 5 working days at your registered address.
Once you’re done, you should receive a mail similar to the image below in 3 to 5 working days.
- Prepare Other Documents
Once you have the Transaction Pin with you, make sure you have the following documents ready as well:
a) Duly completed de-registration application form (Form D01);
b) Original NRIC
Also, make sure you don’t have any outstanding Road Tax fees, Car Loan etc. Be sure to clear your loan before you proceed to the scrap yard. I went to the bank, and I need to call a number to enquire the settlement amount for the loan before making payment. It took about 3 – 5 working days before the loan payment is updated on onemotoring.com.sg
- Once you have all the above done, you may proceed to one of the LTA appointed scrapyard.
You may want to give them a call to enquire about the scrap value of your car (mine was just a pathetic $80 scrap value). I don’t think you need to call to make an appointment (I didn’t) but just make sure you avoid lunch hours 12 – 2 pm and don’t go at the last hour before they close to be sure. Make sure you bring all documents mentioned above!Someone at the scrapyard will help you to process the documents and you should be able to collect the scrap value in cash on the spot.
- Collect your PARF and remaining COE value
I noticed once I have de-registered my car, something wasn’t clear on the onemotoring.com.sg procedure, you’ll need to do something to take back the money. Since you’re given the option to “park” the money with LTA to use the same money for another car, you’ll need to “apply” to cash-out the money.To do so, you’ll need to update your particular on onemotoring.com.sg to include your bank details; so that they can transfer the money to your bank directly (instead of a cheque). Once you’re done with this, you can follow the instructions on this page.Here is an abstract (as per 21st Mar 2016):
Login using SingPass. From the Menu, go to “Ownership” and select the option “PARF/COE rebate > Apply to encash rebate”. Enter the necessary details, eg. rebate reference number, select the rebate(s) that you wish to encash etc. and proceed with your transaction.
- Tell everyone
Hope this help with your car de-registration process. One thing to note when you engage a third-party agent to register, they earn the fee for their service with the scrap value. If you think the scrap value is not worth your time, than it might be a good idea to let them scrap it for you.