PARF Calculator
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Compare PARF rebates before and after the Budget 2026 changes.
Calculate Your PARF Rebate
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Before Budget 2026
PARF Rebate$60,000
Rebate Rate75%
Uncapped Amount$60,000
Cap$60,000
After Budget 2026
PARF Rebate$24,000
Rebate Rate30%
Uncapped Amount$24,000
Cap$30,000
You would receive $36,000 less under the new Budget 2026 rates.
PARF Rebate Rate Comparison
| Vehicle Age | Old Rate | New Rate | Change |
|---|---|---|---|
| 5 years or younger | 75% | 30% | -45pp |
| >5 to 6 years | 70% | 25% | -45pp |
| >6 to 7 years | 65% | 20% | -45pp |
| >7 to 8 years | 60% | 15% | -45pp |
| >8 to 9 years | 55% | 10% | -45pp |
| >9 to 10 years | 50% | 5% | -45pp |
| Over 10 years | 0% | 0% | No change |
Rebate Cap: $60,000 (old) → $30,000 (new)Effective: 2nd COE bidding, Feb 2026
Figures are for illustration only. The PARF rebate is subject to the vehicle's actual ARF paid and age at deregistration. New rates apply to vehicles registered with COEs obtained from the 2nd bidding exercise in February 2026 onwards. Source: LTA.