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PARF value questions

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Hi to all, would like to check on some questions with regards to PARF value. If my car minimum PARF value is about $6700. After the end of the 10th year, do I get back the exact amount of $6700? I heard from friends you will only get back about 5-6k plus after deduction of admin fees and other miscellaneous stuff. Is it true?

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Normally if you trade in the old car to an used car seller IN EXCHANGE as part of the downpayment for your next car (from them), they normally honor the PARF value. They make some $ from the body (scrap metal).

Yamaha Power Valve, Suzuki scrambler, Honda Scrambler (1992 - 1998)

Suzuki Swift : 2001 - 2003

Honda City : 2003 - 2011

Honda Civic VTI : 2011 - 2015

Suzuki Impulse GSX400V 2014 - 2017, extend till Oct 2022 (Scrap in Nov 2020) 😢

Honda Vezel : 2015 - Nov 2025

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