PARF is some additional tax that you pay besides COE.
The value has changed over time, sometime ago it was 80% of the
OMV, then it dropped, and dropped again.
This is also the money that you get back when you scrap the car at
the end of 10 years (if scrap before 10, you get remaining of COE
back too).
Anyway, the COE of tha car is $28~k. That means $28~k was paid to
use the car for ten years.
Right now the COE is less than $20~k for 10 years.
Assuming you want to use the car till its COE is up....... you
should just get a new car.
$4565 for 1.3l Auto Getz
New Car (price from some guy who posted on forum.
*UNCHECKED*):
Getz 1.3(A) 3dr $46,888
Pardon me, but isn't this cheaper ? 46888/10 years = $4688/yr
without subtracting the PARF that you get back after 10 years
?