cancel insurance, how about road tax?

[zyrofillica]

lets say im going overseas for a long time, need to cancel my insurance and get my rebate back. must i cancel my road tax with lta? Similarly, will they rebate me accordingly on whats left of my road tax? thanks

[zyrofillica]

hi no one knows? Has anyone ever got a rebate from lta for road tax?

[nhyone]

You must have road tax unless you lay off the bike.

 

Road tax rebate only if you scrap the bike.

[kaiq]

Lay up your vehicle procedure

 

Amount of money you received depends on the insurance company. For eg. 80% of unused period. Check with your insurance company.

 

Amount of road tax return - not sure, check when you submit the road tax paper ba.

 

In short, lay up every year renew, each time $5.35, up to a max of 3 years.

 

Correct me if I am wrong.

[fantom]

since it's long period, deregister ur bike at lta, u can get back the remaing amount of the roadtax. then u hv a yr time to scrap ur bike. if within a yr, u want to ride the bike again, register and tow the bike for inspection, get insurance and roadtax b4 u can ride again.

 

but if for just short period, personally, i dont want to go thru the trouble.

[Jengo]

izit true dat when u cancel ur insurance to get the rebate, it takes almost a mth for the process?

[y1yang]

depends on company... ntuc does it on-the-spot.. where my anda/axa needs 2 months or more...

 

just called them today and the in-charge said 1 month more. the refund rate for anda/axa is quite outrageous tho (e.g. 3months plus used / balance 8 months) the refund is 37% (short-rate) sums up to $90. original premium $280. it's not even the 37% they stated.