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  • Interpid
    Interpid's Avatar
    4 posts since Dec '08
    • 02 Dec `08, 2:57PM

      Hi,

       

      Will like to purchase a car and is looking out for OPC cars. Had look thru some bros contribution on owning a car. But there does not seems to say OPC rebates or i have miss it.. :p

       

      Hope anyone out there could give me some pointers.. using this car as example..

      Registration: Oct 2006

      OMV: $8215

      COE: $12001

      Deregistrated date: Oct 2011

       

      What OPC rebates or we get back?

       

      http://www.sgcarmart.com/used_cars/info.php?ID=32172&DL=1354

       

      Thanks for your advise.. angel.png

  • nightsky87
    nightsky87's Avatar
    1,651 posts since Jul '05
    • 02 Dec `08, 4:02PM
      Originally posted by Interpid:

      Hi,

       

      Will like to purchase a car and is looking out for OPC cars. Had look thru some bros contribution on owning a car. But there does not seems to say OPC rebates or i have miss it.. :p

       

      Hope anyone out there could give me some pointers.. using this car as example..

      Registration: Oct 2006

      OMV: $8215

      COE: $12001

      Deregistrated date: Oct 2011

       

      What OPC rebates or we get back?

       

      http://www.sgcarmart.com/used_cars/info.php?ID=32172&DL=1354

       

      Thanks for your advise.. angel.png

      OPC rebate of 17k to be offset against ARF/COE is only for registration of new cars.

  • Interpid
    Interpid's Avatar
    4 posts since Dec '08
    • 02 Dec `08, 4:09PM

      Thanks for advise, nightsky87.

       

      Let say if it is for 2nd hand car, will there be any rebates on the OMV or COE?

  • nightsky87
    nightsky87's Avatar
    1,651 posts since Jul '05
    • 02 Dec `08, 4:17PM
      Originally posted by Interpid:

      Thanks for advise, nightsky87.

       

      Let say if it is for 2nd hand car, will there be any rebates on the OMV or COE?

      I'm not 100% sure, but I think for deregistration for cars less than 10 years old, PARF/COE benefits still apply, ceteris paribus for OPC cars you will get back rebates based on COE/ARF paid at point of registration.

      That's my understanding though I could be wrong.

      Edited by nightsky87 02 Dec `08, 4:26PM
  • nightsky87
    nightsky87's Avatar
    1,651 posts since Jul '05
    • 02 Dec `08, 4:24PM
      Originally posted by Interpid:

      Hi,

       

      Will like to purchase a car and is looking out for OPC cars. Had look thru some bros contribution on owning a car. But there does not seems to say OPC rebates or i have miss it.. :p

       

      Hope anyone out there could give me some pointers.. using this car as example..

      Registration: Oct 2006

      OMV: $8215

      COE: $12001

      Deregistrated date: Oct 2011

       

      What OPC rebates or we get back?

       

      http://www.sgcarmart.com/used_cars/info.php?ID=32172&DL=1354

       

      Thanks for your advise.. angel.png

      For your example stated above, let's make things easier by assuming a COE of 12k and OMV of 8k. So when you first buy the car, the 17k rebate will be offset against COE, then any remaning against ARF

      17k - 12k = 5k

      Which will then be offset against your ARF (06 car, ARF = 110% OMV, = 8800)

      8800 - 5k = 3800.

      The ARF paid should have been 3800.

      If you deregister in 2011, ie not exceeding 5 years, you will get back PARF of (75% ARF)

      which will be approximately $2850.

      No COE rebate as COE was fully offset by OPC rebate during point of registration.

      Any bros who find any errors in my computation, please do highlight.

       

  • Interpid
    Interpid's Avatar
    4 posts since Dec '08
    • 02 Dec `08, 4:45PM

      Hi nightsky87,

       

      Thanks for your quick response and clear calculation.. It really helps in my budgeting..

       

      Cheers..

  • lianamaster
    lianamaster's Avatar
    2,485 posts since Sep '08
    • 02 Dec `08, 7:21PM

      Put aside at least $1000 every month no matter what car (OPC or not) you are buying....that's the safest...

  • Interpid
    Interpid's Avatar
    4 posts since Dec '08
  • carbikebus
    carbikebus's Avatar
    3,166 posts since Nov '03
    • 03 Dec `08, 1:35PM
      Originally posted by lianamaster:

      Put aside at least $1000 every month no matter what car (OPC or not) you are buying....that's the safest...


      Also depend on what type,On how often u use also right?Mine is less than 600 including installment

  • lianamaster
    lianamaster's Avatar
    2,485 posts since Sep '08
    • 04 Dec `08, 9:41AM
      Originally posted by carbikebus:


      Also depend on what type,On how often u use also right?Mine is less than 600 including installment

      You need not to spend close to $1000 depending on what car you drive....what I mean is having $1000 set aside for your car would definitely cover most, if not all, of the costs without worries... U would prefer that right?

  • carbikebus
    carbikebus's Avatar
    3,166 posts since Nov '03
    • 04 Dec `08, 6:24PM
      Originally posted by lianamaster:

      You need not to spend close to $1000 depending on what car you drive....what I mean is having $1000 set aside for your car would definitely cover most, if not all, of the costs without worries... U would prefer that right?


      Noted liana but i seldom drive my car but near 1k for a 1.2 cc car is too ex liao. i set aside only about 500 is it ok?

  • lianamaster
    lianamaster's Avatar
    2,485 posts since Sep '08
    • 04 Dec `08, 10:51PM
      Originally posted by carbikebus:


      Noted liana but i seldom drive my car but near 1k for a 1.2 cc car is too ex liao. i set aside only about 500 is it ok?

      Ok.... since there are some payments that need not be paid on a monthly basis....

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