$30,888

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
31 Jan 2008 (3 years, 2 months remaining)
Months
(3 years, 2 months )
%

$11,817 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
-
PARF Car  (min PARF 55% of OMV)

Results

Financial Commitment

Car Price
$30,888
Monthly Installment
$622.68 /month for 3 years, 2 months (38 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$9,266 (30% of Car Price)
1st Installment
$622.68
Total Upfront Payment
$9,914.08

Loan Details

Total Loan
$21,622 Information
Total Interest
$2,040 Information
Total Sum Paid
$23,662 at the end of 3 years, 2 months (38 months)

Other Car Financial Details

COE
$0 Information
ARF Paid
$12,999 Information
PARF Rebate
You get back $6,499 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$6,178 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 -21,104 8,449 -12,654
May 2021 -20,583 8,449 -12,134
Jun 2021 -20,059 7,799 -12,260
Jul 2021 -19,533 7,799 -11,734
Aug 2021 -19,004 7,799 -11,205
Sep 2021 -18,472 7,799 -10,673
Oct 2021 -17,937 7,799 -10,138
Nov 2021 -17,400 7,799 -9,601
Dec 2021 -16,860 7,799 -9,061
Jan 2022 -16,317 7,799 -8,518
Feb 2022 -15,772 7,799 -7,972
Mar 2022 -15,223 7,799 -7,424
End Of Year 1 of Loan
Apr 2022 -14,672 7,799 -6,873
May 2022 -14,118 7,799 -6,319
Jun 2022 -13,562 7,149 -6,412
Jul 2022 -13,002 7,149 -5,853
Aug 2022 -12,440 7,149 -5,291
Sep 2022 -11,875 7,149 -4,726
Oct 2022 -11,308 7,149 -4,159
Nov 2022 -10,737 7,149 -3,588
Dec 2022 -10,164 7,149 -3,015
Jan 2023 -9,588 7,149 -2,439
Feb 2023 -9,010 7,149 -1,861
Mar 2023 -8,428 7,149 -1,279
End Of Year 2 of Loan
Apr 2023 -7,844 7,149 -695
May 2023 -7,257 7,149 -108
Jun 2023 -6,668 6,499 -168
Jul 2023 -6,075 6,499 424
Aug 2023 -5,480 6,499 1,019
Sep 2023 -4,882 6,499 1,617
Oct 2023 -4,282 6,499 2,218
Nov 2023 -3,678 6,499 2,821
Dec 2023 -3,072 6,499 3,427
Jan 2024 -2,463 6,499 4,036
Feb 2024 -1,852 6,499 4,648
Mar 2024 -1,237 6,499 5,262
End Of Year 3 of Loan
Apr 2024 -620 6,499 5,879
May 2024 0 6,499 6,499
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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