$70,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
31 May 2012 (1 years, 3 months remaining)
Months
(1 years, 3 months )
%

$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
$2,904.30 /month for 1 years, 3 months (15 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$21,000 (30% of Car Price)
1st Installment
$2,904.30
Total Upfront Payment
$23,929.30

Loan Details

Total Loan
$49,000 Information
Total Interest
$1,565 Information
Total Sum Paid
$50,565 at the end of 1 years, 3 months (15 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
$47,366 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'.
Apr 2021 -39,291 20,086 -19,205
May 2021 -36,569 19,551 -17,018
Jun 2021 -33,835 19,016 -14,818
Jul 2021 -31,087 17,336 -13,751
Aug 2021 -28,326 16,801 -11,525
Sep 2021 -25,552 16,266 -9,286
Oct 2021 -22,765 15,731 -7,034
Nov 2021 -19,965 15,196 -4,769
Dec 2021 -17,152 14,661 -2,491
Jan 2022 -14,326 14,126 -200
Feb 2022 -11,487 13,591 2,104
Mar 2022 -8,635 13,056 4,421
End Of Year 1 of Loan
Apr 2022 -5,769 12,521 6,752
May 2022 -2,891 11,986 9,095
Jun 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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