Part 4 - Determining the estimated value of a pre-owned car

Story by Ming Jie
19 Apr 2010
 

Thinking of buying a used car? Our comprehensive guide on how to do so will definitely be of help.

Value added

It does not matter whether you are selling your current car or buying a pre-owned. Knowing how to calculate the estimated value of the car is paramount in making sure that you get the best value for your money. The overall value of a car is made up of the "Paper Value" and the "Body Value". Let us start with understanding what constitutes the "Paper Value".

PAPER VALUE
The term "Paper Value" is the most commonly used term in the pre-owned market. It is the money you get back from the government when you de-register your car, thus making it the only money you will get back in the case of a total loss to the car (i.e. major accident).

There are two components that will make up a car's Paper Value. They are the "PARF" benefit and the "COE rebate".

PARF Benefit
PARF Benefit is a rebate given when you de-register your car before it's tenth year of age. A car older than 10 years old will not be eligible for this rebate.

Due to policy changes over the years, the table below shows the different PARF benefits cars registered can get before May 2002 and after May 2002.

PARF Benefit
Age at De-registration
(Year) PARF Rebate (A)

(For cars registered with COEs obtained from May 2002 tender onwards)

Not exceeding 5 130% of OMV 75% of ARF paid
Above 5 but not exceeding 6 120% of OMV 70% of ARF paid
Above 6 but not exceeding 7 110% of OMV 65% of ARF paid
Above 7 but not exceeding 8 100% of OMV 60% of ARF paid
Above 8 but not exceeding 9 90% of OMV 55% of ARF paid
Above 9 but not exceeding 10 80% of OMV 50% of ARF paid
Above 10 Nil

 

The Additional Registration Fee or ARF to be paid for varies over the years as well.

Additional Registration Fee
Period when COE is obtained ARF to be paid
Before May 2002 140% of OMV
May 2002 - February 2004 130% of OMV
March 2004 - February 2008 110% of OMV
March 2008 onwards 100% of OMV


Sell Your Car at the Highest Price in Singapore
In just 1 working day, SwiftQuote will give you the best offer price with no obligations from our network of local trustworthy dealers. Friendly customer service and it's Free!

SELL YOUR CAR

Best offer with no obligations.
Start Now!

I sold my car before through other website. The good thing is that Oneshift is FREE. I used to pay $100 for this service with that other site. Both are equally good, no hassle and fast. I got to sell my car at a very good price. I would recommend Oneshift to any private seller.

D Transporter+, dingarmando

Sold my car within a day of contacting swift quote with one of the highest price when compared with the quotes from many other dealers. All paperwork were done very quickly and successfully handover within 3 days. Very satisfied with my experience with swift quote.

Ng Ser Siong

This is the first time I used Oneshift. It had been a pleasant experience. It was swift and efficient in finding the offers I needed. I will recommend it to other users.

Kelvin Chia

Using SwiftQuote to sell my car is Fast and Easy. Thank you Team SwiftQuote.

Wiu Peng Guan

The process was simple and straight forward. Overall , the representatives from the car dealer are good to deal with. they are sincere and direct.

Ng Boon ping

Selling was a breeze. I did not expect it to be that fast. I will definitely recommend to others. Keep up the good job guys.

Md Faizal

The transaction went on smoothly and they paid in cash.

Soh Chee Seng

SwiftQuote help me in getting my car sold off quickly with the best offer given to me without the need if me getting quote from different car dealer. As i need to sell off my car in a short notice due to the need of going overseas for 2 years. Thanks for making the process easier for seller!

Jeremy Tan

Indeed leaves up to its name! Swift Quote, fast and efficient service. The entire sale process is effortless and smooth. Thanks to One Shift !

Chen Hui San

Selling was a breeze. Im so glad I found this website. I would definitely recommend to others. Keep up the good job.

Md Faizal bin haron

Good service by swiftquote. Received quotation after 1 day and via sms. Another similar site will call you and if they cannot reach you, too bad. Obtained the highest quote compared to other car sites.

Yang Yahui

Quick and no fuss service. Received the best quote within my asking price in less than 3 days. Swiftquote dealer is professional and all transactions were hassle free. Highly recommended!

Jimmy Lee

Now the best selling car pipeline, praise!

Tan Meng Shee

The system was very easy to use and the dealer very reliable. Price transacted was same as bid. The whole transaction was completed in 2 days. I will recommend Oneshift Swiftquote!

Richard Lee

Smooth and pleasant transactions!

COLIN CHEW

The service is good and friendly. Thanks you Swiftquote.

Michael Yeh

It was a great experience I had with the company. They were efficient and responsive about their replies. Keep up the good work and I would surely recommend to my friends in future.

Andrew Ee

Excellent and prompt services from SwiftQuote. I have never thought that selling my vehicle will be such a breeze.... With the professionalism of SwiftQuote, all potential sellers should have no issue getting the right buyers.... Kudos.....

Allen Tay

The quotes is real and allow the seller to decide and accept real time. The car dealers (buyer) is sincere and quick moves with transparency. Overall, I tried few same platform but one shift is great with back by sincere buyers.

FOO KOK LOON

Thank you very much Oneshift! I managed to get the highest quote for my car. Almost 5k more than offered on other internet based bidding websites. Very happy with the service provided.

Nesa

Using SwiftQuote has been a great experience. Hassle free and fast transactions. Thanks to Joy who has been helpful and considerate of my needs.

Mai

Great service and hassle free. A good quotation is given within 24hrs and the offer is reasonable. Good job!

Jie Sheng Housing Agency Pte Ltd

Fast and efficient. Good and reasonable quotation.

Ong Wei Chuan

Never expected it to be this easy. The dealer Chua was very easy to work with. There was peace of mind throughout the whole process. Got a good price as well. Thumbs up!

Mark

Fast, efficient and effective. A great way to sell your car!

Ramesh Sambandam

Swiftquote team kept me posted on my interest to sell my vehicle and within 3 days. I have found a buyer that bought my vehicle much more than i expected to sell. I have also introduced this service to my friends too.

VR Sooria

Hi, Overall experience with swift quote team is very satisfying. Great customer service and follow up especially Joanna and some advise from Charlie! Well done team! Keep it up!

Chua Chin chin

Fast, efficient, honest and great to deal. An extremely satisfying experience, would definitely recommend family and friends to try this out.

Poh Chee Chau

Swiftquote Dealer is very helpful and the response is fast in all the matter related to handling of the car. Keep up the good works. Will highly recommend swift quote for the high efficient car dealer network infrastructure.

Eng Chun Teck

Friendly and really swift. Recommended dealer was also accommodating to my schedule. Overall A+ experience.

Ng Yong Mao

I was surprise that Swiftquote was able to get a buyer within 1 working day. The buyer was quick in his decision and agree to buy it immediately after viewing my car. SwiftQuote is hassle free and i do not have pay a single cents of commission. Fantastic job

Lawrence Houng

I was quite skeptical about this service but as the saying goes - if you don't try, you don't know...so I tried. I've managed to fetch a good price through this platform. I would recommend all sellers to consider using this platform if you want to sell your vehicle.

Taufik

Hi SwiftQuote Team, You guys brought in the deal that I was looking for. The right buyer came along too for my Toyota Wish. The whole process was swift and smooth. I will highly recommend SwiftQuote to all my friends. Keep up the good service you are providing we motor owners. Mathews M

Mathews Mathen

Great platform for selling used car. Response was quick and direct. Thumbs up & thanks!

Perry Cheang

Very efficient. Obtained good offers from your dealers. Will definitely recommend to my friends. Dennis.

Quek cheng huat

Simple, Fast, Transparent and most importantly you get the best deal from a wider exposure for free.

Chan

Thanks for your help in assisting in the process throughout, Swiftquote a great help in this whole procedure!

Zoe Yeoh

The experience I had in selling my scrap car last week was nothing short of Awesome! The service was prompt and efficient. The whole process was seamless and easy. Thank you very much OneShift!

Koo Lek Hun

Very good service. Leone came and inspected the car and finalised price in 30 minutes. Extremely happy with the service and price I got for the car. Thanks.

Karthik Srinivasan

I am happy to deal my car with Oneshift Swiftquote.

Chie Kum Sing

Thank you for your service, you have been helpful, reliable n efficient; definitely highly recomended to those who want to sell their car. Best Regards Shirley

Shirley