Car Depreciation Calculator
Depreciation per year is how Singaporeans compare cars: what the car really costs you for each year of COE you get, after the value you recover at the end.
Asking price for a used car, or the drive-away price for a new one.
Filled in as 10 years after registration. Change it if the COE was renewed.
Listings usually show both. If you only know the OMV, we work out the ARF.
Picked from the registration date. A COE can be used up to 3 months after it is won, so check this for cars registered around Feb 2023 or Feb 2026.
Enter the price, registration date and ARF (or OMV) to see the depreciation.
Assumes the car is deregistered when its COE expires. Works out ARF from OMV with the tiers that applied when the COE was obtained, and uses LTA’s PARF schedules, including the revision for COEs from the second bidding of February 2026. Estimates only — confirm a specific car’s values on OneMotoring.
How depreciation per year works
A car in Singapore has a fixed lifespan: its COE. When the COE runs out you either renew it or deregister the car. If the car is no more than 10 years old at that point, you get a PARF rebate back. So the money you actually lose is the price minus that rebate, and dividing by the years left gives a figure you can compare across any two cars, new or used.
Depreciation per year = (price − value at COE expiry) ÷ years of COE left
PARF cars vs COE cars
A PARF car is still on its first COE and will earn a rebate when it is scrapped. A COE car has had its COE renewed, is past 10 years old, and earns nothing back. That is why a cheap COE car can still show a high depreciation: the whole price is lost over a short remaining COE.
The 2026 PARF change
For cars registered with COEs from the second bidding of February 2026 onwards, the PARF rebate dropped from 75%–50% of ARF to 30%–5%, with the cap cut from $60,000 to $30,000. For those cars the value at COE expiry is small, so depreciation is close to the full price divided by ten.
| Age at deregistration | Before Feb 2026 | From Feb 2026 |
|---|---|---|
| Up to 5 years | 75% | 30% |
| 5–6 years | 70% | 25% |
| 6–7 years | 65% | 20% |
| 7–8 years | 60% | 15% |
| 8–9 years | 55% | 10% |
| 9–10 years | 50% | 5% |
| Over 10 years | Nil | Nil |
Related: rebate if you scrap early, COE renewal cost, and how much car you can afford.
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