If u convert a normal car to an Off peak, this is wat u get;
Rebate of $800 road tax per year (if road tax is lower than $800/yr
a minimum charge of $50 will be paid as for the road tax). No more
rebate from the COE. It's not worth it unless your car is a COE
car.
For Off peak to normal is; U need not top up $17k, if u drive 1
year just ($17k-$1.7k=$15,300) Top up $15,300 to convert.
If drive 2 years of Off peak; $17k-($1.7k x 2)= $13,600 to
convert.
If u think your depreciation too high for a year, think u let go
your car fast. not worth continue driving it if a bigger CC car's
depreciation a year is same as yours.
U can change to a newer or smaller car with lower depreciation, or
u can change to a bigger car with depreciation same as your car
now. So not worth holding a car that u will lose so much per
year.
