$35,888

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
28 May 2008 (2 years, 7 months remaining)
Months
(2 years, 7 months )
%

$15,387 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
-
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$35,888
Monthly Installment
$872.76 /month for 2 years, 7 months (31 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$10,766 (30% of Car Price)
1st Installment
$872.76
Total Upfront Payment
$11,664.16

Loan Details

Total Loan
$25,122 Information
Total Interest
$1,934 Information
Total Sum Paid
$27,056 at the end of 2 years, 7 months (31 months)

Other Car Financial Details

COE
$0 Information
ARF Paid
$15,387 Information
PARF Rebate
You get back $7,694 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$7,178 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'.
Jan 2022 -24,370 10,155 -14,214
Feb 2022 -23,614 10,155 -13,459
Mar 2022 -22,854 10,155 -12,699
Apr 2022 -22,091 10,155 -11,935
May 2022 -21,323 10,155 -11,168
Jun 2022 -20,552 10,155 -10,396
Jul 2022 -19,777 10,155 -9,621
Aug 2022 -18,997 9,309 -9,688
Sep 2022 -18,214 9,309 -8,905
Oct 2022 -17,427 9,309 -8,118
Nov 2022 -16,636 9,309 -7,327
Dec 2022 -15,842 9,309 -6,532
End Of Year 1 of Loan
Jan 2023 -15,043 9,309 -5,734
Feb 2023 -14,240 9,309 -4,931
Mar 2023 -13,434 9,309 -4,125
Apr 2023 -12,624 9,309 -3,314
May 2023 -11,809 9,309 -2,500
Jun 2023 -10,991 9,309 -1,682
Jul 2023 -10,169 9,309 -860
Aug 2023 -9,343 8,463 -880
Sep 2023 -8,513 8,463 -50
Oct 2023 -7,679 8,463 783
Nov 2023 -6,842 8,463 1,621
Dec 2023 -6,000 8,463 2,463
End Of Year 2 of Loan
Jan 2024 -5,155 8,463 3,308
Feb 2024 -4,305 8,463 4,158
Mar 2024 -3,452 8,463 5,011
Apr 2024 -2,595 8,463 5,868
May 2024 -1,734 8,463 6,729
Jun 2024 -869 8,463 7,594
Jul 2024 0 8,463 8,463
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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