The Preferential Additional Registration Fee (PARF) rebate — the amount you get back when you scrap your car early — will be reduced by 45 percentage points. The cap will also be halved, from $60,000 to $30,000. What does this mean for the average driver? Daniel Martin speaks with Say Kwee Neng, automotive industry veteran and consultant.See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

The Preferential Additional Registration Fee (PARF) rebate — the amount you get back when you scrap your car early — will be reduced by 45 percentage points. The cap will also be halved, from $60,000 to $30,000. What does this mean for the average driver? Daniel Martin speaks with Say Kwee Neng, automotive industry veteran and consultant. See omnystudio.com/listener for privacy information.

The Preferential Additional Registration Fee (PARF) rebate — the amount you get back when you scrap your car early — will be reduced by 45 percentage points.&nbsp;The cap will also be halved, from $60,000 to $30,000.&nbsp;What does this mean for the average driver?&nbsp;Daniel Martin speaks with Say Kwee Neng, automotive industry veteran and consultant.See <a href="https://omnystudio.com/listener" rel="noopener noreferrer">omnystudio.com/listener</a> for privacy information.

#TalkBack: Could the PARF reduction reshape Singapore’s car market?

Daniel Martin break down the biggest stories of the day &mdash; with your voice. Call or text in, hear what others think, and get expert takes on the issues that matter. Whether you're fired up, curious, or just want to be part of the national conversation, Talkback gives you a seat at the table.

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Daniel Martin break down the biggest stories of the day — with your voice. Call or text in, hear what others think, and get expert takes on the issues that matter. Whether you're fired up, curious, or just want to be part of the national conversation, Talkback gives you a seat at the table.

Daniel Martin break down the biggest stories of the day — with your voice. Call or text in, hear what others think, and get expert takes on the issues that matter. Whether you're fired up, curious, or just want to be part of the national conversation, Talkback gives you a seat at the table.

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#TalkBack: Could the PARF reduction reshape Singapore’s car market?

#TalkBack: Could the PARF reduction reshape Singapore’s car market?