$28,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
18 Jun 2009 (1 years, 7 months remaining)
Months
(1 years, 7 months )
%

$30,445 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$7,490
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$28,000
Monthly Installment
$925.93 /month for 1 years, 7 months (19 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$8,400 (30% of Car Price)
1st Installment
$925.93
Total Upfront Payment
$9,350.93

Loan Details

Total Loan
$19,600 Information
Total Interest
$793 Information
Total Sum Paid
$20,393 at the end of 1 years, 7 months (19 months)

Other Car Financial Details

COE
$7,490 Information
ARF Paid
$30,445 Information
PARF Rebate
You get back $15,223 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'.
Feb 2021 -15,953 17,868 1,915
Mar 2021 -15,103 17,806 2,703
Apr 2021 -14,247 17,743 3,496
May 2021 -13,388 17,681 4,293
Jun 2021 -12,525 17,619 5,094
Jul 2021 -11,657 17,556 5,899
Aug 2021 -10,786 17,494 6,708
Sep 2021 -9,910 15,909 5,999
Oct 2021 -9,030 15,847 6,817
Nov 2021 -8,146 15,784 7,639
Dec 2021 -7,257 15,722 8,465
Jan 2022 -6,365 15,659 9,295
End Of Year 1 of Loan
Feb 2022 -5,468 15,597 10,129
Mar 2022 -4,567 15,535 10,968
Apr 2022 -3,662 15,472 11,810
May 2022 -2,753 15,410 12,657
Jun 2022 -1,839 15,347 13,508
Jul 2022 -922 15,285 14,363
Aug 2022 0 15,223 15,223
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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