Preferential Additional Registration Fee (PARF) cars refer to those that are still using their original Certificates of Entitlement (COE), while COE cars refer to those, which have renewed their COE. PARF cars. In general, all new cars come with an Open Market Value (OMV).

Is it OK to buy COE car?

COE cars are cheaper than PARF cars. But that cost of a COE car can easily jump if you happen to buy a car with mechanical defects – plus you still need to pay higher road tax as well. PARF cars on the other hand are newer, usually in better mechanical shape, and still retain much of their resale value.

What does COE car mean?

To register a vehicle, you must first place a bid for a Certificate of Entitlement (COE) in the corresponding vehicle category. A successful COE bid gives you the right to own a vehicle that can be used on the road for 10 years. COEs are released through open bidding exercises conducted twice a month.