$70,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
31 May 2012 (1 years remaining)
Months
(1 years)
%

$22,902 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$64,201
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$70,000
Monthly Installment
$3,604.30 /month for 1 years (12 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$21,000 (30% of Car Price)
1st Installment
$3,604.30
Total Upfront Payment
$24,629.30

Loan Details

Total Loan
$49,000 Information
Total Interest
$1,252 Information
Total Sum Paid
$50,252 at the end of 1 years (12 months)

Other Car Financial Details

COE
$64,201 Information
ARF Paid
$22,902 Information
PARF Rebate
You get back $11,451 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$55,149 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'.
Jun 2021 -38,588 17,336 -21,252
Jul 2021 -35,160 16,801 -18,359
Aug 2021 -31,717 16,266 -15,451
Sep 2021 -28,257 15,731 -12,526
Oct 2021 -24,781 15,196 -9,585
Nov 2021 -21,289 14,661 -6,628
Dec 2021 -17,781 14,126 -3,655
Jan 2022 -14,257 13,591 -666
Feb 2022 -10,717 13,056 2,339
Mar 2022 -7,160 12,521 5,361
Apr 2022 -3,588 11,986 8,398
May 2022 0 11,451 11,451
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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