$50,900

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
25 Aug 2008 (2 years, 8 months remaining)
Months
(2 years, 8 months )
%

$47,577 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$14,640
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$50,900
Monthly Installment
$1,030.22 /month for 2 years, 8 months (32 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$15,270 (30% of Car Price)
1st Installment
$1,030.22
Total Upfront Payment
$16,325.22

Loan Details

Total Loan
$35,630 Information
Total Interest
$2,427 Information
Total Sum Paid
$38,057 at the end of 2 years, 8 months (32 months)

Other Car Financial Details

COE
$14,640 Information
ARF Paid
$47,577 Information
PARF Rebate
You get back $23,789 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'.
May 2021 -29,657 35,183 5,526
Jun 2021 -28,769 35,061 6,292
Jul 2021 -27,877 34,939 7,062
Aug 2021 -26,980 34,817 7,837
Sep 2021 -26,078 34,695 8,616
Oct 2021 -25,172 34,573 9,401
Nov 2021 -24,262 34,451 10,189
Dec 2021 -23,346 34,329 10,983
Jan 2022 -22,426 31,590 9,164
Feb 2022 -21,502 31,468 9,966
Mar 2022 -20,573 31,346 10,773
Apr 2022 -19,639 31,224 11,585
End Of Year 1 of Loan
May 2022 -18,701 31,102 12,401
Jun 2022 -17,758 30,980 13,222
Jul 2022 -16,810 30,858 14,048
Aug 2022 -15,858 30,736 14,878
Sep 2022 -14,902 30,614 15,712
Oct 2022 -13,940 30,492 16,552
Nov 2022 -12,975 30,370 17,396
Dec 2022 -12,004 30,248 18,244
Jan 2023 -11,029 27,509 16,480
Feb 2023 -10,049 27,387 17,338
Mar 2023 -9,065 27,265 18,200
Apr 2023 -8,076 27,143 19,067
End Of Year 2 of Loan
May 2023 -7,083 27,021 19,939
Jun 2023 -6,085 26,899 20,815
Jul 2023 -5,082 26,777 21,695
Aug 2023 -4,075 26,655 22,580
Sep 2023 -3,063 26,533 23,470
Oct 2023 -2,047 26,411 24,365
Nov 2023 -1,026 26,289 25,264
Dec 2023 0 26,167 26,167
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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