$56,666

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
16 May 2014 (4 years, 9 months remaining)
Months
(4 years, 9 months )
%

$11,121 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$60,002
PARF Car  (min PARF 50% of ARF)

Results

Financial Commitment

Car Price
$56,666
Monthly Installment
$794.40 /month for 4 years, 9 months (57 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$17,000 (30% of Car Price)
1st Installment
$794.40
Total Upfront Payment
$17,819.20

Loan Details

Total Loan
$39,666 Information
Total Interest
$5,615 Information
Total Sum Paid
$45,281 at the end of 4 years, 9 months (57 months)

Other Car Financial Details

COE
$60,002 Information
ARF Paid
$11,121 Information
PARF Rebate
You get back $5,561 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$10,802 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'.
Sep 2019 -39,065 35,786 -3,280
Oct 2019 -38,461 35,286 -3,176
Nov 2019 -37,854 34,786 -3,068
Dec 2019 -37,243 34,286 -2,957
Jan 2020 -36,628 33,786 -2,843
Feb 2020 -36,011 33,286 -2,725
Mar 2020 -35,389 32,786 -2,604
Apr 2020 -34,765 32,286 -2,479
May 2020 -34,137 31,786 -2,351
Jun 2020 -33,505 30,729 -2,776
Jul 2020 -32,871 30,229 -2,641
Aug 2020 -32,233 29,729 -2,503
End Of Year 1 of Loan
Sep 2020 -31,591 29,229 -2,362
Oct 2020 -30,946 28,729 -2,217
Nov 2020 -30,298 28,229 -2,068
Dec 2020 -29,646 27,729 -1,917
Jan 2021 -28,991 27,229 -1,761
Feb 2021 -28,332 26,729 -1,603
Mar 2021 -27,670 26,229 -1,441
Apr 2021 -27,005 25,729 -1,276
May 2021 -26,336 25,229 -1,107
Jun 2021 -25,664 24,173 -1,491
Jul 2021 -24,989 23,673 -1,315
Aug 2021 -24,310 23,173 -1,137
End Of Year 2 of Loan
Sep 2021 -23,627 22,673 -954
Oct 2021 -22,942 22,173 -769
Nov 2021 -22,253 21,673 -580
Dec 2021 -21,560 21,173 -387
Jan 2022 -20,864 20,673 -191
Feb 2022 -20,165 20,173 8
Mar 2022 -19,462 19,673 211
Apr 2022 -18,756 19,173 417
May 2022 -18,047 18,673 626
Jun 2022 -17,334 17,617 283
Jul 2022 -16,617 17,117 499
Aug 2022 -15,898 16,617 719
End Of Year 3 of Loan
Sep 2022 -15,175 16,117 942
Oct 2022 -14,448 15,617 1,169
Nov 2022 -13,718 15,117 1,398
Dec 2022 -12,985 14,617 1,632
Jan 2023 -12,248 14,117 1,868
Feb 2023 -11,508 13,617 2,108
Mar 2023 -10,765 13,117 2,352
Apr 2023 -10,018 12,617 2,599
May 2023 -9,268 12,117 2,849
Jun 2023 -8,514 11,061 2,546
Jul 2023 -7,757 10,561 2,803
Aug 2023 -6,997 10,061 3,064
End Of Year 4 of Loan
Sep 2023 -6,233 9,561 3,328
Oct 2023 -5,466 9,061 3,595
Nov 2023 -4,695 8,561 3,866
Dec 2023 -3,921 8,061 4,140
Jan 2024 -3,144 7,561 4,417
Feb 2024 -2,363 7,061 4,698
Mar 2024 -1,579 6,561 4,982
Apr 2024 -791 6,061 5,270
May 2024 0 5,561 5,561
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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