Toyota Corolla Altis 1.6

$24,800

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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

1 Mar 2007 (1 years remaining)

Loan Term

Months

(1 years)

Interest Rate

COE:

$25,197

Car Category:

COE Car

Results

Financial Commitment

Car Price: $24,800
Monthly Installment: $1,489.78 /month for 1 years (12 months)

Upfront Payment

Transfer Fee: $25
Down Payment: $7,440 (30% of Car Price)
1st Installment: $1,489.78
Total Upfront Payment: $8,954.78

Loan Details

Total Loan: $17,360
Total Interest: $517
Total Sum Paid: $17,877 at the end of 1 years (12 months)

Other Car Financial Details

COE: $25,197
ARF Paid: $16,891
PARF Rebate: You get back $8,445 at the end of 10th year (PARF Rebate)
Annual Depreciation: -

				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.	Apr	2021	8,930	16,388	438	-15,950	0	2,310	2,310	-13,640
2.	May	2021	10,420	14,898	365	-14,533	0	2,100	2,100	-12,433
3.	Jun	2021	11,909	13,408	298	-13,110	0	1,890	1,890	-11,220
4.	Jul	2021	13,399	11,918	239	-11,679	0	1,680	1,680	-10,000
5.	Aug	2021	14,889	10,428	186	-10,243	0	1,470	1,470	-8,773
6.	Sep	2021	16,379	8,939	139	-8,799	0	1,260	1,260	-7,540
7.	Oct	2021	17,868	7,449	99	-7,349	0	1,050	1,050	-6,300
8.	Nov	2021	19,358	5,959	66	-5,893	0	840	840	-5,053
9.	Dec	2021	20,848	4,469	40	-4,430	0	630	630	-3,800
10.	Jan	2022	22,338	2,980	20	-2,960	0	420	420	-2,540
11.	Feb	2022	23,828	1,490	7	-1,483	0	210	210	-1,273
12.	Mar	2022	25,317	0	0	0	0	0	0	0	Loan Fully Paid Break Even

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	-15,950	2,310	-13,640
May	2021	-14,533	2,100	-12,433
Jun	2021	-13,110	1,890	-11,220
Jul	2021	-11,679	1,680	-10,000
Aug	2021	-10,243	1,470	-8,773
Sep	2021	-8,799	1,260	-7,540
Oct	2021	-7,349	1,050	-6,300
Nov	2021	-5,893	840	-5,053
Dec	2021	-4,430	630	-3,800
Jan	2022	-2,960	420	-2,540
Feb	2022	-1,483	210	-1,273
Mar	2022	0	0	0

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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