Buying coe used car question

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skeeting
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Buying coe used car question

Post by skeeting » Fri, 05 Nov 2021 7:38 pm

Looking to purchase a used coe car (will scrap it in a couple of years when the coe expires) and calculating costs. One thing that confuses me is the ARF. If I buy a used coe car (10+ years old), I don't have to pay ARF right when transferring into my name as ARF is only for first 10 years right?

tiktok
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Re: Buying coe used car question

Post by tiktok » Fri, 05 Nov 2021 10:02 pm

Correct, you'll just pay the COE and cost of the car.
As you probably know, if you get a 5 year COE it is not extendable, so your car will be scrapped after 5 years. If you have the cash, better to get 10 years which has the ability to extend. In either case you can get a pro-rated refund of the COE if you get rid of the car before it ends.
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