Ferrari 488 Spider Authorised Dealer   Updated Loan Calculator

$1,105,000
Includes VES (8 Aug 2019)
Latest OMV: $287,977
VES: $20,000 (C2)
Engine Cap: 3902 cc Turbocharged
Power: 660Bhp @ 8000rpm
Torque: 760Nm @ 3000rpm
Type: Supercar
Euro NCAP: N.A
User Ratings: N.A

New Car Loan Calculator

» Updated for MAS Restrictions Revision on 27 Mar 2016

$
Includes VES Surcharge / Rebate
VES: $20,000 (C2)
$
 of Car Price
years
%

$
Based on this OMV, this car is eligible for minimum 40% down payment
$
ARF = OMV + VES
$
cc

Results

Financial Commitment

Car Price
$1,105,000
Includes VES
$20,000 (C2) Information
Down Payment
$442,000 (40% of Car Price)
Monthly Installment
$9,429 for 7 years (84 months) Information

Loan Details

Total Loan
$663,000 Information
Total Interest
$129,020 Information
Total Sum Paid
$792,020 at the end of 7 years (84 months)

Other Car Financial Details

Annual Depreciation
$96,101 Information
COE
$37,000 Information
VES
$20,000 (C2) Information
ARF Paid
$490,359 Information
PARF Rebate
You get back $245,179 at the end of 10th year (PARF Rebate) Information
Road Tax
$3,796 Information
Loan Redemption Amount Paper/Deregistration Value
Month Year Loan Redemption
Amount
Dereg
Value
Cash
Position
Oct 2019 782,591 404,461 -252,146
Nov 2019 773,162 404,152 -246,025
Dec 2019 763,733 403,844 -239,868
Jan 2020 754,305 403,536 -233,675
Feb 2020 744,876 403,227 -227,446
Mar 2020 735,447 402,919 -221,181
Apr 2020 726,018 402,611 -214,879
May 2020 716,589 402,302 -208,541
Jun 2020 707,161 401,994 -202,168
Jul 2020 697,732 401,686 -195,758
Aug 2020 688,303 401,377 -189,311
Sep 2020 678,874 401,069 -182,829
End Of Year 1
Oct 2020 669,445 400,761 -176,311
Nov 2020 660,017 400,452 -169,756
Dec 2020 650,588 400,144 -163,166
Jan 2021 641,159 399,836 -156,539
Feb 2021 631,730 399,527 -149,876
Mar 2021 622,301 399,219 -143,177
Apr 2021 612,872 398,911 -136,442
May 2021 603,444 398,602 -129,670
Jun 2021 594,015 398,294 -122,863
Jul 2021 584,586 397,986 -116,019
Aug 2021 575,157 397,677 -109,139
Sep 2021 565,728 397,369 -102,223
End Of Year 2
Oct 2021 556,300 397,061 -95,271
Nov 2021 546,871 396,752 -88,283
Dec 2021 537,442 396,444 -81,259
Jan 2022 528,013 396,136 -74,198
Feb 2022 518,584 395,827 -67,102
Mar 2022 509,156 395,519 -59,969
Apr 2022 499,727 395,211 -52,800
May 2022 490,298 394,902 -45,595
Jun 2022 480,869 394,594 -38,354
Jul 2022 471,440 394,286 -31,076
Aug 2022 462,012 393,977 -23,763
Sep 2022 452,583 393,669 -16,413
End Of Year 3
Oct 2022 443,154 393,361 -9,027
Nov 2022 433,725 393,052 -1,606
Dec 2022 424,296 392,744 5,853
Jan 2023 414,868 392,436 13,347
Feb 2023 405,439 392,127 20,877
Mar 2023 396,010 391,819 28,443
Apr 2023 386,581 391,511 36,046
May 2023 377,152 391,202 43,685
Jun 2023 367,723 390,894 51,360
Jul 2023 358,295 390,586 59,071
Aug 2023 348,866 390,277 66,818
Sep 2023 339,437 389,969 74,601
End Of Year 4
Oct 2023 330,008 389,661 82,421
Nov 2023 320,579 389,352 90,276
Dec 2023 311,151 389,044 98,168
Jan 2024 301,722 388,736 106,096
Feb 2024 292,293 388,427 114,060
Mar 2024 282,864 388,119 122,060
Apr 2024 273,435 387,811 130,096
May 2024 264,007 387,502 138,169
Jun 2024 254,578 387,194 146,277
Jul 2024 245,149 386,886 154,422
Aug 2024 235,720 386,577 162,603
Sep 2024 226,291 386,269 170,820
End Of Year 5
Oct 2024 216,863 361,443 154,555
Nov 2024 207,434 361,134 162,844
Dec 2024 198,005 360,826 171,169
Jan 2025 188,576 360,518 179,531
Feb 2025 179,147 360,209 187,929
Mar 2025 169,719 359,901 196,362
Apr 2025 160,290 359,593 204,832
May 2025 150,861 359,284 213,338
Jun 2025 141,432 358,976 221,881
Jul 2025 132,003 358,668 230,459
Aug 2025 122,574 358,359 239,074
Sep 2025 113,146 358,051 247,724
End Of Year 6
Oct 2025 103,717 333,225 231,893
Nov 2025 94,288 332,916 240,616
Dec 2025 84,859 332,608 249,375
Jan 2026 75,430 332,300 258,170
Feb 2026 66,002 331,991 267,002
Mar 2026 56,573 331,683 275,869
Apr 2026 47,144 331,375 284,773
May 2026 37,715 331,066 293,713
Jun 2026 28,286 330,758 302,689
Jul 2026 18,858 330,450 311,701
Aug 2026 9,429 330,141 320,749
Sep 2026 0 329,833 329,833
End Of Year 7
Oct 2026 0 305,007 305,007
Nov 2026 0 304,698 304,698
Dec 2026 0 304,390 304,390
Jan 2027 0 304,082 304,082
Feb 2027 0 303,773 303,773
Mar 2027 0 303,465 303,465
Apr 2027 0 303,157 303,157
May 2027 0 302,848 302,848
Jun 2027 0 302,540 302,540
Jul 2027 0 302,232 302,232
Aug 2027 0 301,923 301,923
Sep 2027 0 301,615 301,615
End Of Year 8
Oct 2027 0 276,789 276,789
Nov 2027 0 276,481 276,481
Dec 2027 0 276,172 276,172
Jan 2028 0 275,864 275,864
Feb 2028 0 275,556 275,556
Mar 2028 0 275,247 275,247
Apr 2028 0 274,939 274,939
May 2028 0 274,631 274,631
Jun 2028 0 274,322 274,322
Jul 2028 0 274,014 274,014
Aug 2028 0 273,706 273,706
Sep 2028 0 273,397 273,397
End Of Year 9
Oct 2028 0 248,571 248,571
Nov 2028 0 248,263 248,263
Dec 2028 0 247,954 247,954
Jan 2029 0 247,646 247,646
Feb 2029 0 247,338 247,338
Mar 2029 0 247,029 247,029
Apr 2029 0 246,721 246,721
May 2029 0 246,413 246,413
Jun 2029 0 246,104 246,104
Jul 2029 0 245,796 245,796
Aug 2029 0 245,488 245,488
Sep 2029 0 245,179 245,179
End Of Year 10

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Disclaimer: The Car Loan Calculator is used as a guide to help you to get a better sense of your financial commitments when buying a car. It does not warrant the accuracy, adequacy or completeness of the figures presented. Oneshift.com expressly disclaims liability for errors or omissions.