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Old 12th February 2009, 05:15 PM   #1 (permalink)
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Incentives to drive off-peak cars

Incentives to drive off-peak cars
By Christopher Tan, Senior Correspondent


IT COULD soon become more attractive for motorists to switch to off-peak cars (OPC).

Transport Minister Raymond Lim said in Parliament on Thursday that the Government will look into enhancing the OPC scheme in three areas.

Firstly, the supplementary day licence, currently a cumbersome paper permit that is prone to tampering and hard to enforce, will be replaced by an electronic system.

Secondly, the Government will look into granting cash rebates to motorists who convert their normal cars to OPCs. This, Mr Lim said, will be a more attractive incentive than the current system, under which the car owner gets the rebate when he deregisters the vehicle.

Finally, the Government will relook the resticted hours that OPCs can ply without charge.

Currently, these cars can only be used from 7pm to 7am on weekdays and after 3pm on Saturdays, and for the full day on Sundays and public holidays.

Over the years, the Government has received numerous feedback from OPC motorists asking for the red-plated cars to be allowed to complete free usage on Saturdays.

The Minister hinted that free use for the whole of Saturdays could be possible, but there would be commensurate adjustment to the tax breaks that OPCs are given.

OPCs now get a one-off $17,000 rebate on their registration taxes.

Mr Lim said the OPC scheme 'is something we should encourage' as it fits Singapore's overall strategy of managing road demand.

He pointed out that there are about 42,000 OPCs today, five times more than the 5,000 back in end-2005.

They make up about 7.7 per cent of Singapore's car population.

http://www.straitstimes.com/Breaking...ry_337503.html

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Old 14th February 2009, 10:42 AM   #2 (permalink)
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Re: Incentives to drive off-peak cars

I think off-peak cars are another poverty trap for less financially-wary people.

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Old 14th February 2009, 02:01 PM   #3 (permalink)
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Re: Incentives to drive off-peak cars

actually.... depends... if u do a calc... u will find tat buying an OPC car... + downpayment... taking say 50% or 60% loan... aft which u save up over the 1st 4 yrs... convert to normal car... its cheaper.... n if u dont like tat car... aft u save up u convert u can sell within the first 3 yrs.... btw most cars 4th yr conversion is just abt 10k saving up 10k in 4 yrs is nt really a lot la...

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Old 17th February 2009, 04:16 PM   #4 (permalink)
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Re: Incentives to drive off-peak cars

Originally Posted by Yongjin View Post
actually.... depends... if u do a calc... u will find tat buying an OPC car... + downpayment... taking say 50% or 60% loan... aft which u save up over the 1st 4 yrs... convert to normal car... its cheaper.... n if u dont like tat car... aft u save up u convert u can sell within the first 3 yrs.... btw most cars 4th yr conversion is just abt 10k saving up 10k in 4 yrs is nt really a lot la...
Cool, didn't think of that.

So will many people take up this offer to do the switch from Normal Car to OPC?

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Old 17th February 2009, 07:28 PM   #5 (permalink)
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Re: Incentives to drive off-peak cars

hmm i beleive 4 those who owns more than 1 car will ba... most of the time they use them on wkend or fri nite

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Old 17th February 2009, 07:28 PM   #6 (permalink)
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Re: Incentives to drive off-peak cars

in the past, my car drive much on peak hr but off peak hr, my car also rest. so got discount for that too?

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