$79,888

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
2 Jan 2013 (2 years, 5 months remaining)
Months
(2 years, 5 months )
%

$34,805 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$68,000
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$79,888
Monthly Installment
$1,771.89 /month for 2 years, 5 months (29 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$23,966 (30% of Car Price)
1st Installment
$1,771.89
Total Upfront Payment
$25,763.29

Loan Details

Total Loan
$55,922 Information
Total Interest
$3,452 Information
Total Sum Paid
$59,374 at the end of 2 years, 5 months (29 months)

Other Car Financial Details

COE
$68,000 Information
ARF Paid
$34,805 Information
PARF Rebate
You get back $17,403 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
- 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'.
Sep 2020 -46,391 36,750 -9,641
Oct 2020 -44,841 36,183 -8,658
Nov 2020 -43,284 35,616 -7,667
Dec 2020 -41,718 35,050 -6,668
Jan 2021 -40,145 34,483 -5,662
Feb 2021 -38,563 32,176 -6,387
Mar 2021 -36,974 31,609 -5,364
Apr 2021 -35,377 31,043 -4,334
May 2021 -33,771 30,476 -3,295
Jun 2021 -32,158 29,909 -2,249
Jul 2021 -30,537 29,343 -1,194
Aug 2021 -28,908 28,776 -132
End Of Year 1 of Loan
Sep 2021 -27,271 28,209 938
Oct 2021 -25,626 27,643 2,017
Nov 2021 -23,973 27,076 3,103
Dec 2021 -22,312 26,509 4,197
Jan 2022 -20,644 25,943 5,299
Feb 2022 -18,967 23,636 4,669
Mar 2022 -17,282 23,069 5,787
Apr 2022 -15,590 22,503 6,913
May 2022 -13,889 21,936 8,046
Jun 2022 -12,181 21,369 9,188
Jul 2022 -10,465 20,803 10,338
Aug 2022 -8,740 20,236 11,495
End Of Year 2 of Loan
Sep 2022 -7,008 19,669 12,661
Oct 2022 -5,268 19,103 13,834
Nov 2022 -3,520 18,536 15,016
Dec 2022 -1,764 17,969 16,205
Jan 2023 0 17,403 17,403
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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