Alfa Romeo Long XMQ6900K

$62,000

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Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

Car Price

Down Payment

of Car Price

Car Registration Date

25 Jun 2010 (0 years, 7 months remaining)

Loan Term

Months

(0 years, 7 months )

Interest Rate

OMV:

$94,963 Information

Based on this OMV and registration date, this car is eligible for minimum 30% down payment.

COE:

Car Category:

PARF Car For car registered between March 2008 to February 2013, the minimum PARF rebate is at 50% of OMV.

(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)

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
Total Interest: $647
Total Sum Paid: $44,047 at the end of 0 years, 7 months (7 months)

Other Car Financial Details

COE: $0
ARF Paid: $94,963
PARF Rebate: You get back $47,482 at the end of 10th year (PARF Rebate)
Annual Depreciation: $26,770

				Loan Redemption Amount			Paper/Deregistration Value
No	Month	Year	Paid so far The amount paid so far, consisting of desposit and total installment paid.	Outstanding Loan Outstanding loan amount owing to bank/financing company.	Interest Rebate The amount of interest rebate as a result of early settlement of loan. This is based on the Rule of 78.	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.	PARF Rebate Based on tiered rate of the Aditional Registration Fee (ARF). The ARF is based on the OMV of the vehicle.	COE Rebate Based on pro-rated value of the Quota Premium paid.	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'.	Remarks
1.	Jan	2021	24,007	32,440	485	-31,955	47,482	0	47,482	15,527	Break Even
2.	Feb	2021	29,413	27,033	346	-26,687	47,482	0	47,482	20,795
3.	Mar	2021	34,820	21,627	231	-21,396	47,482	0	47,482	26,086
4.	Apr	2021	40,227	16,220	139	-16,081	47,482	0	47,482	31,400
5.	May	2021	45,633	10,813	69	-10,744	47,482	0	47,482	36,737
6.	Jun	2021	51,040	5,407	23	-5,384	47,482	0	47,482	42,098
7.	Jul	2021	56,447	0	0	0	47,482	0	47,482	47,482	Loan Fully Paid

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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