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Will the price of a car in Singapore be higher if it is exported instead of scrap? Singapore is a small country with limited land resource and that is the reason why there is such thing called (COE), a Certificate Of Entitlement. It represents the right for an individual or company to own and use a selected vehicle in an appropriate vehicle class for duration of ten years, which is renewable subject to a payment of a current bidding price of a new COE, so that the car can be on the road again. Other options for the car owner are to scrap the vehicle or to find a Singapore export cars to export the vehicle overseas.
Export used car from Singapore , which is estimated to have exceeded more than 60,000 cars last year, is set to increase further as car exporter to New Zealand is actively promoting its sales activities. This is because the Singapore vehicle quota system which forcibly and prematurely end your Singapore’s cars lifespan on the roads after 10 years, unless its COE is renewed. For cars after 10 years old, you can either scrap the car yourself or get someone to do it; sell it to a car dealer who will either scrap the car or ask some Singapore car exporter to New Zealand or other countries to do it for you.