Singapore's used-car market is bracing for significant disruption as new PARF rebate rules come into effect from July 2026. Dealers across the island report inventory adjustments and increasingly cautious buying strategies as the deadline approaches.
The revised PARF scheme introduces tiered rebate rates that favour newer, cleaner vehicles. Used cars registered after 2020 stand to benefit from higher deregistration rebates, while older vehicles — particularly those predating Euro 6 emission standards — will see their residual values decline.
For consumers, this transition period presents both opportunities and risks. Dealers looking to clear pre-July inventory may offer attractive prices, but buyers must carefully calculate the impact of the new rebate structure on their vehicle's future value. We provide a comprehensive overview of what both buyers and sellers should expect in the coming months.
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