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Scrap Lorry Singapore

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Scrap Your Lorry in Singapore

When looking for a reputable scrap yard in Singapore to scrap your lorry, there are several factors you should consider. The most important factor to consider is to find a reputable scrap lorry dealer.

Just like with scrapping a car, you will need to find a reputable and licensed scrap lorry dealer. You can do a quick online search or ask for referrals from friends or family.

scrap lorry in singapore

How to select a good lorry scrap yard in Singapore

1. Licensing:

Ensure that the dealer you choose is licensed by the relevant authorities in Singapore, such as the LTA. A licensed dealer will ensure that your lorry is scrapped according to the regulations set by the authorities.

2. Reputation:

Look for a dealer that has a good reputation for providing reliable and efficient services. You can check online reviews or ask for referrals from people who have used their services before. One of the ways to check is to refer to their Google Reviews. Else, you can also read the reviews on their websites.

3. Experience:

An experienced dealer will have the knowledge and expertise to handle the scrapping process efficiently and safely. They will also be able to advise you on the best way to scrap your lorry. This will save you time on paperwork. The whole process will be smooth.

4. Pricing:

Compare prices from different dealers to ensure that you get a fair price for your scrap lorry. However, keep in mind that the scrap value of your lorry will depend on various factors, such as its condition and weight. Most scrap yards offer to quote online after you submit your details to them.

5. Services offered:

Look for a dealer that offers a range of services, such as pickup and transportation of your lorry, completion of the necessary paperwork, and payment of the scrap value. This will make the process more convenient and hassle-free for you.

By considering these factors, you can find a reputable and licensed scrap lorry dealer in Singapore that will help you to dispose of your lorry safely and legally.

Steps to Scrap Your Lorry in Singapore

Here are the steps you can follow to scrap your lorry in Singapore after you select your preferred scrap yard in Singapore:

1. Obtain a quotation:

Contact the dealer and provide them with details about your lorry, such as the make and model, year of manufacture, and condition. The dealer will provide you with a quotation for the scrap value of your lorry.

2. Schedule a pickup:

If you accept the quotation, the dealer will arrange to collect your lorry at a convenient time and location.

3. Complete the paperwork:

Before handing over your lorry, you will need to complete the necessary paperwork, such as the transfer of ownership and deregistration of your lorry.

4. Receive payment:

Once the paperwork is complete, the dealer will pay you the agreed-upon scrap value for your lorry.

Conclusion

It’s important to note that in Singapore, there are strict regulations on the disposal of vehicles, including lorries. Therefore, it is crucial to engage a reputable and licensed dealer for the scrap lorry service to ensure that the process is legal and environmentally friendly.

Should You Scrap Your COE Vehicle in 2023?

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This article is for you if you are not sure to renew COE or scrap vehicle.

Unless you have paid to renew your vehicle’s COE, it will be scrapped in Singapore after 10 years. You should start the process at least 2 weeks before your licencing ends. Your vehicle will not be allowed to be on the road after this date, and you could end up with additional costs.

If you are planning on renewing your vehicle’s certificate (COE), make sure that you get it done before it expires. You can only renew it once for a 5-year or renew for a 10-year. If you want to keep the vehicle registered beyond the current expiry date, you must first pay the PQP (Prevailing Quota Premium).

What is Prevailing Quota Premium (PQP)?

Those who wish to keep their vehicle registered beyond their current COE expiry date should pay the applicable PQP. PQP is the average quarterly change in the QP. It is the avearge of the last three months’ prices. Thus, it changes every month.

Reasons to scrap your vehicle

scrap vehicle

1. COE Price

According to Motorist.sg, the quota premium for CAT A is $80,000 followed by$102,002 for CAT B. It has become unaffordable to keep your vehicle if you do not need a vehicle for your work purpose on a daily basis. In this case, taking bus and MRT is a good alternative and you should scrap your vehicle at scrap yard in Singapore.

2. Mileage of your vehicle

Mileage of your vehicle is another factor to consider. For a 10 years old vehicle, it is normal to have a mileage of 70,000km to 100,000 km. You can consider to renew your COE if you always maintain your vehicle on time.

For vehicles with more than 200,000km, you might want to carry out a full inspection at a workshop before you make your decision. If the vehicle is still reliable, you can consider to renew your COE. Else, you should trade in for a new vehicle or scrap it.

3. Resale Value

Vehicles that are on high demand will have better resale value. You can research your secondhand vehicle value online before you decide.

Other than that, popular vehicles might have better resale value as the spare part can be easily found. With cheaper spare part, it is still worth it to renew your COE even though the mileage is high.

What is the procedure to scrap your vehicle?

1. De-register your vehicle

If you plan on scrapping your vehicle, then you must deregister it. Doing so allows you to surrender the ownership of the car to a scrap yard or disposal facility. Failing to do so could lead to either imprisonment or a fine. To do this process, you must first clear any debts, such as road taxes and car loans.

2. Claim COE and PARF Rebate

Once you have deregistered your car, you can then apply to the LTA to get the rebate on your Preferential Entitlement Registration Fee or COE. The agency will review your request within a year from the day your vehicle was registered.

The LTA’s rebate for vehicles less than ten years of age is only available for those who have a valid COE. On the other hand, if the duration of the COE remains longer, the rebate will increase. To apply for the rebate, you can visit OneMotoring’s website to get the details of the program. After you have submitted the application form, you can then make an appointment to meet with the agency at its Customer Service Centre.

Owners who are not Singpass users can still submit the Feedback Form to the agency. This will allow you to make an appointment at the Customer Service Centre to have your vehicle deregistered.

3. Vehicle Valuation

You can start the process of deregistering your vehicle by visiting a Singapore scrap yard that’s approved by the LTA. You can schedule an appointment to get an evaluation of the vehicle. The value of your vehicle can vary depending on its model and body. Some facilities can provide an estimate by calling a toll-free number.

It’s better to come to the scrap yard to get an estimate on the value of your vehicle. You should also bring your LTA deregistration and NRIC documents. In addition, you must clear all of your vehicle’s outstanding debts.

4. Inform LTA

You should inform the Land Transport Authority (LTA) of your vehicle’s status by providing them with proof that it has been scrapped or exported. Failure to provide this information could result in you being fined up to SGD2,000 or imprisoned for a period of three months. If you are convicted of this offense more than once, then you could be imprisoned for up to six months.

Conclusion

With all of the information provided, we hope it helps with your decision. Should you decide to scrap your vehicle and need help, feel free to contact us!