$62,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
28 Jul 2011 (1 years, 2 months remaining)
Months
(1 years, 2 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
$2,785.00 /month for 1 years, 2 months (14 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$18,840 (30% of Car Price)
1st Installment
$2,785.00
Total Upfront Payment
$21,650.00

Loan Details

Total Loan
$43,960 Information
Total Interest
$1,310 Information
Total Sum Paid
$45,270 at the end of 1 years, 2 months (14 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'.
Jun 2020 -35,070 35,517 447
Jul 2020 -32,447 34,946 2,499
Aug 2020 -29,812 31,821 2,010
Sep 2020 -27,164 31,250 4,087
Oct 2020 -24,504 30,680 6,176
Nov 2020 -21,831 30,109 8,278
Dec 2020 -19,146 29,538 10,392
Jan 2021 -16,448 28,967 12,519
Feb 2021 -13,738 28,396 14,658
Mar 2021 -11,015 27,825 16,810
Apr 2021 -8,280 27,255 18,974
May 2021 -5,533 26,684 21,151
End Of Year 1 of Loan
Jun 2021 -2,773 26,113 23,340
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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