How We Started
In the year of 2016 December, a car rental company who had 20 cars that is due for scrapping as their car’s COE (certificate of entitlement) were coming to an end. They called up scrapyards, online “exporters” who promised to offer high prices for their car body but end up offering nothing for their first due to scrap vehicle (Mitsubishi Colt Plus). Nothing, meaning zero dollars, and the so-called “exporter” will just do up the necessary car disposal paperwork for the exchange of their car.
Many direct car owners had the exact same predicament when comes to scrapping their cars. Ridiculous low car prices offered by scrapyards/exporters are simply frustrating.
Can you believe it? This is exactly what is happening in Singapore at the moment. Singapore, who ranked the most expensive place in the world to own a car, is also one of the cheapest places to buy a 10 years old car. How can the disparity be so big? Who is controlling all these car body prices?
One of the contributing factors to the feasibility of such export include Singapore’s strict motor-vehicle inspections and high depreciation which make such vehicles worth very little in Singapore after ten years of age, and strict Transport regulations that make renewing vehicle COE very expensive in Singapore.
Hence we need a solution and we saw an opportunity. We know we have to do something. We need to make a difference in this industry because it will benefit a lot of car owners out there.
Not Sure About How To Scrap?
For Complete Peace of Mind
If for certain reason you need to scrap your car urgently instead of getting a good price from the buyers. Fret not, we will be able to offer you the best price for your car body as we are associated with many direct overseas car buyers. We will be able to de-register your car and handle all the paper work for you.
You may call to inquire for quotes then proceed to drive your car to us at Northpoint Biz Hub Unit 07-08 Singapore 768159, please do allow us to have a simple inspection. As a LTA Partner, we are able to deregister your and assist the vehicle owners to scrap and deregister their end of lifespan (ELV) vehicles that they want to dispose.
We have extensive experiences in scrapping and de-listing sedans, light and heavy commercial bus, trucks, utility pick-up, van and cars in Singapore.
All in all, we help vehicle owners to provide a hassle-free one-stop service, handling all LTA related deregistration procedures
For more information on how to de-register your vehicle, please see below. It is as simple as one two three.
To find out more about the Preferential Additional Registration Fee (PARF) and/or Certificate of Entitlement (COE) rebate to be granted to the vehicle (if any), please click here.
Failing to submit disposal documents of a deregistered vehicle
Offenders who fail to submit disposal documents as proof that the vehicle has been scrapped, exported, or sent to EPZ for storage, within a month from its deregistration may be prosecuted in Court, and face a maximum Court fine of $2,000 or 3 months’ imprisonment. Similarly, first time offenders who are found keeping a deregistered vehicle may be prosecuted in Court, and face a maximum Court fine of $2,000 or 3 months’ imprisonment.
Driving/using/allowing usage of a deregistered vehicle
It is an offence to drive, use or keep a deregistered vehicle. A deregistered vehicle must be towed or transported if it needs to be transferred from one location to another. Infringing offenders will be prosecuted in Court, and face a maximum Court fine of $2,000 or 3 months’ imprisonment.
A deregistered vehicle is also likely to be uninsured. It is a serious offence for anyone to use or permit the use of a vehicle without a valid motor insurance cover. The penalty is a fine of up to $2,000 or imprisonment of up to 3 months or both, and a mandatory disqualification from holding a driving licence for at least 12 months, upon conviction in court.