Singapore Expats

Hey all, an additional question:
Let's I'm going to buy an 7-8 years old car an plan to keep it until its end of life / 10y anniversary.
At the end, in what way / how do I get the paper value back (55% of the OMV ?) ?
Is it a rebates on purchase a brand new COE ? Is it cash ? Can I use the amount to buy another used car or only a brand new one ?
Thanks ahead for the clarification

vctm wrote:Hey all, an additional question:
Let's I'm going to buy an 7-8 years old car an plan to keep it until its end of life / 10y anniversary.
At the end, in what way / how do I get the paper value back (55% of the OMV ?) ?
Is it a rebates on purchase a brand new COE ? Is it cash ? Can I use the amount to buy another used car or only a brand new one ?
Thanks ahead for the clarification

You get a check from the gahmen. You can use it for whatever you want.

Strong Eagle wrote:

vctm wrote:Hey all, an additional question:
Let's I'm going to buy an 7-8 years old car an plan to keep it until its end of life / 10y anniversary.
At the end, in what way / how do I get the paper value back (55% of the OMV ?) ?
Is it a rebates on purchase a brand new COE ? Is it cash ? Can I use the amount to buy another used car or only a brand new one ?
Thanks ahead for the clarification

You get a check from the gahmen. You can use it for whatever you want.

Thanks !