Volkswagen Passat CC 1.8 (A)

$28,000

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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

18 Jun 2009 (1 years, 7 months remaining)

Loan Term

Months

(1 years, 7 months )

Interest Rate

OMV:

$30,445 Information

Based on this OMV and registration date, this car is eligible for minimum 30% down payment.

COE:

$7,490

Car Category:

PARF Car For car registered between March 2008 to February 2013, the minimum PARF rebate is at 50% of OMV.

(min PARF 50% of OMV)

Results

Financial Commitment

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

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

Other Car Financial Details

COE: $7,490
ARF Paid: $30,445
PARF Rebate: You get back $15,223 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.	Feb	2021	9,326	16,667	713	-15,953	16,745	1,124	17,868	1,915	Break Even
2.	Mar	2021	10,252	15,741	638	-15,103	16,745	1,061	17,806	2,703
3.	Apr	2021	11,178	14,815	567	-14,247	16,745	999	17,743	3,496
4.	May	2021	12,104	13,889	501	-13,388	16,745	936	17,681	4,293
5.	Jun	2021	13,030	12,963	438	-12,525	16,745	874	17,619	5,094
6.	Jul	2021	13,956	12,037	380	-11,657	16,745	811	17,556	5,899
7.	Aug	2021	14,882	11,111	325	-10,786	16,745	749	17,494	6,708
8.	Sep	2021	15,807	10,185	275	-9,910	15,223	687	15,909	5,999
9.	Oct	2021	16,733	9,259	229	-9,030	15,223	624	15,847	6,817
10.	Nov	2021	17,659	8,333	188	-8,146	15,223	562	15,784	7,639
11.	Dec	2021	18,585	7,407	150	-7,257	15,223	499	15,722	8,465
12.	Jan	2022	19,511	6,482	117	-6,365	15,223	437	15,659	9,295
End Of Year 1 of Loan
13.	Feb	2022	20,437	5,556	88	-5,468	15,223	375	15,597	10,129
14.	Mar	2022	21,363	4,630	63	-4,567	15,223	312	15,535	10,968
15.	Apr	2022	22,289	3,704	42	-3,662	15,223	250	15,472	11,810
16.	May	2022	23,215	2,778	25	-2,753	15,223	187	15,410	12,657
17.	Jun	2022	24,141	1,852	13	-1,839	15,223	125	15,347	13,508
18.	Jul	2022	25,067	926	4	-922	15,223	62	15,285	14,363
19.	Aug	2022	25,993	0	0	0	15,223	0	15,223	15,223	Loan Fully Paid

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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