$62,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
25 Jun 2010 (0 years, 7 months remaining)
Months
(0 years, 7 months )
%

$94,963 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
-
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$62,000
Monthly Installment
$5,406.67 /month for 0 years, 7 months (7 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$18,600 (30% of Car Price)
1st Installment
$5,406.67
Total Upfront Payment
$24,031.67

Loan Details

Total Loan
$43,400 Information
Total Interest
$647 Information
Total Sum Paid
$44,047 at the end of 0 years, 7 months (7 months)

Other Car Financial Details

COE
$0 Information
ARF Paid
$94,963 Information
PARF Rebate
You get back $47,482 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$26,770 Information
Loan Redemption Amount Paper/Deregistration Value
Month Year
Loan Redemption
Amount The amount to pay out to the bank upon the early settlement of loan. It is the oustanding minus the loan redemption.
Dereg Value Total value of PARF and COE Rebate, also known as 'Paper Value'.
Cash Position The cash balance of the car upon loan settlement and car degistration. If this value started to be greater than 0, it is commonly known as 'Break Even'.
Jan 2021 -31,955 47,482 15,527
Feb 2021 -26,687 47,482 20,795
Mar 2021 -21,396 47,482 26,086
Apr 2021 -16,081 47,482 31,400
May 2021 -10,744 47,482 36,737
Jun 2021 -5,384 47,482 42,098
Jul 2021 0 47,482 47,482
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.

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