$62,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
28 Jul 2011 (1 years, 9 months remaining)
Months
(1 years, 9 months )
%

$51,084 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$68,501
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$62,800
Monthly Installment
$1,887.86 /month for 1 years, 9 months (21 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$18,840 (30% of Car Price)
1st Installment
$1,887.86
Total Upfront Payment
$20,752.86

Loan Details

Total Loan
$43,960 Information
Total Interest
$1,965 Information
Total Sum Paid
$45,925 at the end of 1 years, 9 months (21 months)

Other Car Financial Details

COE
$68,501 Information
ARF Paid
$51,084 Information
PARF Rebate
You get back $25,542 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
- 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'.
Nov 2019 -35,971 39,513 3,542
Dec 2019 -34,253 38,942 4,689
Jan 2020 -32,527 38,371 5,845
Feb 2020 -30,792 37,801 7,008
Mar 2020 -29,049 37,230 8,181
Apr 2020 -27,297 36,659 9,362
May 2020 -25,537 36,088 10,551
Jun 2020 -23,768 35,517 11,749
Jul 2020 -21,991 34,946 12,956
Aug 2020 -20,205 31,821 11,616
Sep 2020 -18,411 31,250 12,840
Oct 2020 -16,608 30,680 14,072
End Of Year 1 of Loan
Nov 2020 -14,797 30,109 15,312
Dec 2020 -12,977 29,538 16,561
Jan 2021 -11,149 28,967 17,819
Feb 2021 -9,312 28,396 19,085
Mar 2021 -7,466 27,825 20,359
Apr 2021 -5,613 27,255 21,642
May 2021 -3,750 26,684 22,933
Jun 2021 -1,879 26,113 24,233
Jul 2021 0 25,542 25,542
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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