Mitsubishi Lancer EX 1.5 GLS (A) (New 5-yr COE)

$27,888

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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

3 Apr 2008 (2 years, 2 months remaining)

Loan Term

Months

(2 years, 2 months )

Interest Rate

COE:

$19,328

Car Category:

COE Car

Results

Financial Commitment

Car Price: $27,888
Monthly Installment: $799.31 /month for 2 years, 2 months (26 months)

Upfront Payment

Transfer Fee: $25
Down Payment: $8,366 (30% of Car Price)
1st Installment: $799.31
Total Upfront Payment: $9,190.71

Loan Details

Total Loan: $19,522
Total Interest: $1,260
Total Sum Paid: $20,782 at the end of 2 years, 2 months (26 months)

Other Car Financial Details

COE: $19,328
ARF Paid: $17,133
PARF Rebate: You get back $8,567 at the end of 10th year (PARF Rebate)
Annual Depreciation: $13,415

				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	9,166	19,983	1,167	-18,816	0	4,027	4,027	-14,789
2.	May	2021	9,965	19,183	1,077	-18,106	0	3,866	3,866	-14,241
3.	Jun	2021	10,764	18,384	991	-17,393	0	3,705	3,705	-13,688
4.	Jul	2021	11,564	17,585	909	-16,676	0	3,543	3,543	-13,133
5.	Aug	2021	12,363	16,785	830	-15,956	0	3,382	3,382	-12,574
6.	Sep	2021	13,162	15,986	754	-15,232	0	3,221	3,221	-12,011
7.	Oct	2021	13,962	15,187	682	-14,505	0	3,060	3,060	-11,444
8.	Nov	2021	14,761	14,388	614	-13,774	0	2,899	2,899	-10,874
9.	Dec	2021	15,560	13,588	549	-13,039	0	2,738	2,738	-10,301
10.	Jan	2022	16,359	12,789	488	-12,301	0	2,577	2,577	-9,724
11.	Feb	2022	17,159	11,990	431	-11,559	0	2,416	2,416	-9,143
12.	Mar	2022	17,958	11,190	377	-10,813	0	2,255	2,255	-8,558
End Of Year 1 of Loan
13.	Apr	2022	18,757	10,391	327	-10,064	0	2,094	2,094	-7,970
14.	May	2022	19,557	9,592	280	-9,312	0	1,933	1,933	-7,379
15.	Jun	2022	20,356	8,792	237	-8,555	0	1,772	1,772	-6,784
16.	Jul	2022	21,155	7,993	198	-7,796	0	1,611	1,611	-6,185
17.	Aug	2022	21,955	7,194	162	-7,032	0	1,450	1,450	-5,583
18.	Sep	2022	22,754	6,394	129	-6,265	0	1,289	1,289	-4,977
19.	Oct	2022	23,553	5,595	101	-5,495	0	1,127	1,127	-4,367
20.	Nov	2022	24,353	4,796	75	-4,720	0	966	966	-3,754
21.	Dec	2022	25,152	3,997	54	-3,943	0	805	805	-3,137
22.	Jan	2023	25,951	3,197	36	-3,161	0	644	644	-2,517
23.	Feb	2023	26,751	2,398	22	-2,376	0	483	483	-1,893
24.	Mar	2023	27,550	1,599	11	-1,588	0	322	322	-1,266
End Of Year 2 of Loan
25.	Apr	2023	28,349	799	4	-796	0	161	161	-635
26.	May	2023	29,148	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	-18,816	4,027	-14,789
May	2021	-18,106	3,866	-14,241
Jun	2021	-17,393	3,705	-13,688
Jul	2021	-16,676	3,543	-13,133
Aug	2021	-15,956	3,382	-12,574
Sep	2021	-15,232	3,221	-12,011
Oct	2021	-14,505	3,060	-11,444
Nov	2021	-13,774	2,899	-10,874
Dec	2021	-13,039	2,738	-10,301
Jan	2022	-12,301	2,577	-9,724
Feb	2022	-11,559	2,416	-9,143
Mar	2022	-10,813	2,255	-8,558
End Of Year 1 of Loan
Apr	2022	-10,064	2,094	-7,970
May	2022	-9,312	1,933	-7,379
Jun	2022	-8,555	1,772	-6,784
Jul	2022	-7,796	1,611	-6,185
Aug	2022	-7,032	1,450	-5,583
Sep	2022	-6,265	1,289	-4,977
Oct	2022	-5,495	1,127	-4,367
Nov	2022	-4,720	966	-3,754
Dec	2022	-3,943	805	-3,137
Jan	2023	-3,161	644	-2,517
Feb	2023	-2,376	483	-1,893
Mar	2023	-1,588	322	-1,266
End Of Year 2 of Loan
Apr	2023	-796	161	-635
May	2023	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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