Toyota Corolla Altis 1.6

$74,800

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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

24 Mar 2016 (5 years, 2 months remaining)

Loan Term

Months

(5 years, 2 months )

Interest Rate

OMV:

$17,804 Information

Based on this OMV and registration date, this car is eligible for minimum 30% down payment.

COE:

$43,000

Car Category:

PARF Car For car registered from March 2013, the minimum PARF rebate is 50% ARF.

(min PARF 50% of ARF)

Results

Financial Commitment

Car Price: $74,800
Monthly Installment: $974.54 /month for 5 years, 2 months (62 months)

Upfront Payment

Transfer Fee: $25
Down Payment: $22,440 (30% of Car Price)
1st Installment: $974.54
Total Upfront Payment: $23,439.54

Loan Details

Total Loan: $52,360
Total Interest: $8,062
Total Sum Paid: $60,422 at the end of 5 years, 2 months (62 months)

Other Car Financial Details

COE: $43,000
ARF Paid: $17,804
PARF Rebate: You get back $8,902 at the end of 10th year (PARF Rebate)
Annual Depreciation: $12,777

				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.	Feb	2021	23,415	59,447	7,806	-51,641	13,353	21,858	35,211	-16,430
2.	Mar	2021	24,389	58,473	7,554	-50,919	13,353	21,500	34,853	-16,066
3.	Apr	2021	25,364	57,498	7,306	-50,192	12,463	21,142	33,604	-16,587
4.	May	2021	26,338	56,524	7,063	-49,461	12,463	20,783	33,246	-16,215
5.	Jun	2021	27,313	55,549	6,823	-48,726	12,463	20,425	32,888	-15,838
6.	Jul	2021	28,287	54,574	6,588	-47,986	12,463	20,067	32,529	-15,457
7.	Aug	2021	29,262	53,600	6,357	-47,243	12,463	19,708	32,171	-15,072
8.	Sep	2021	30,236	52,625	6,130	-46,495	12,463	19,350	31,813	-14,683
9.	Oct	2021	31,211	51,651	5,907	-45,744	12,463	18,992	31,454	-14,289
10.	Nov	2021	32,185	50,676	5,688	-44,988	12,463	18,633	31,096	-13,892
11.	Dec	2021	33,160	49,702	5,474	-44,228	12,463	18,275	30,738	-13,490
12.	Jan	2022	34,135	48,727	5,263	-43,464	12,463	17,917	30,379	-13,085
End Of Year 1 of Loan
13.	Feb	2022	35,109	47,753	5,057	-42,696	12,463	17,558	30,021	-12,675
14.	Mar	2022	36,084	46,778	4,854	-41,924	12,463	17,200	29,663	-12,261
15.	Apr	2022	37,058	45,804	4,656	-41,147	11,573	16,842	28,414	-12,733
16.	May	2022	38,033	44,829	4,462	-40,367	11,573	16,483	28,056	-12,311
17.	Jun	2022	39,007	43,854	4,272	-39,582	11,573	16,125	27,698	-11,885
18.	Jul	2022	39,982	42,880	4,087	-38,793	11,573	15,767	27,339	-11,454
19.	Aug	2022	40,956	41,905	3,905	-38,000	11,573	15,408	26,981	-11,019
20.	Sep	2022	41,931	40,931	3,727	-37,203	11,573	15,050	26,623	-10,581
21.	Oct	2022	42,905	39,956	3,554	-36,402	11,573	14,692	26,264	-10,138
22.	Nov	2022	43,880	38,982	3,385	-35,597	11,573	14,333	25,906	-9,691
23.	Dec	2022	44,854	38,007	3,220	-34,787	11,573	13,975	25,548	-9,240
24.	Jan	2023	45,829	37,033	3,059	-33,974	11,573	13,617	25,189	-8,785
End Of Year 2 of Loan
25.	Feb	2023	46,804	36,058	2,902	-33,156	11,573	13,258	24,831	-8,325
26.	Mar	2023	47,778	35,084	2,749	-32,334	11,573	12,900	24,473	-7,862
27.	Apr	2023	48,753	34,109	2,601	-31,508	10,682	12,542	23,224	-8,284
28.	May	2023	49,727	33,134	2,456	-30,678	10,682	12,183	22,866	-7,813
29.	Jun	2023	50,702	32,160	2,316	-29,844	10,682	11,825	22,507	-7,337
30.	Jul	2023	51,676	31,185	2,180	-29,006	10,682	11,467	22,149	-6,857
31.	Aug	2023	52,651	30,211	2,047	-28,163	10,682	11,108	21,791	-6,373
32.	Sep	2023	53,625	29,236	1,919	-27,317	10,682	10,750	21,432	-5,884
33.	Oct	2023	54,600	28,262	1,796	-26,466	10,682	10,392	21,074	-5,392
34.	Nov	2023	55,574	27,287	1,676	-25,611	10,682	10,033	20,716	-4,896
35.	Dec	2023	56,549	26,313	1,560	-24,752	10,682	9,675	20,357	-4,395
36.	Jan	2024	57,524	25,338	1,449	-23,889	10,682	9,317	19,999	-3,890
End Of Year 3 of Loan
37.	Feb	2024	58,498	24,364	1,342	-23,022	10,682	8,958	19,641	-3,381
38.	Mar	2024	59,473	23,389	1,238	-22,151	10,682	8,600	19,282	-2,868
39.	Apr	2024	60,447	22,414	1,139	-21,275	9,792	8,242	18,034	-3,241
40.	May	2024	61,422	21,440	1,044	-20,396	9,792	7,883	17,676	-2,720
41.	Jun	2024	62,396	20,465	954	-19,512	9,792	7,525	17,317	-2,195
42.	Jul	2024	63,371	19,491	867	-18,624	9,792	7,167	16,959	-1,665
43.	Aug	2024	64,345	18,516	784	-17,732	9,792	6,808	16,601	-1,132
44.	Sep	2024	65,320	17,542	706	-16,836	9,792	6,450	16,242	-594
45.	Oct	2024	66,294	16,567	632	-15,936	9,792	6,092	15,884	-52
46.	Nov	2024	67,269	15,593	561	-15,031	9,792	5,733	15,526	494	Break Even
47.	Dec	2024	68,244	14,618	495	-14,123	9,792	5,375	15,167	1,044
48.	Jan	2025	69,218	13,644	433	-13,210	9,792	5,017	14,809	1,599
End Of Year 4 of Loan
49.	Feb	2025	70,193	12,669	376	-12,293	9,792	4,658	14,451	2,157
50.	Mar	2025	71,167	11,695	322	-11,373	9,792	4,300	14,092	2,720
51.	Apr	2025	72,142	10,720	272	-10,448	8,902	3,942	12,844	2,396
52.	May	2025	73,116	9,745	227	-9,518	8,902	3,583	12,485	2,967
53.	Jun	2025	74,091	8,771	186	-8,585	8,902	3,225	12,127	3,542
54.	Jul	2025	75,065	7,796	149	-7,648	8,902	2,867	11,769	4,121
55.	Aug	2025	76,040	6,822	116	-6,706	8,902	2,508	11,410	4,704
56.	Sep	2025	77,014	5,847	87	-5,761	8,902	2,150	11,052	5,291
57.	Oct	2025	77,989	4,873	62	-4,811	8,902	1,792	10,694	5,883
58.	Nov	2025	78,964	3,898	41	-3,857	8,902	1,433	10,335	6,478
59.	Dec	2025	79,938	2,924	25	-2,899	8,902	1,075	9,977	7,078
60.	Jan	2026	80,913	1,949	12	-1,937	8,902	717	9,619	7,682
End Of Year 5 of Loan
61.	Feb	2026	81,887	975	4	-970	8,902	358	9,260	8,290
62.	Mar	2026	82,862	0	0	0	8,902	0	8,902	8,902	Loan Fully Paid

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'.
Feb	2021	-51,641	35,211	-16,430
Mar	2021	-50,919	34,853	-16,066
Apr	2021	-50,192	33,604	-16,587
May	2021	-49,461	33,246	-16,215
Jun	2021	-48,726	32,888	-15,838
Jul	2021	-47,986	32,529	-15,457
Aug	2021	-47,243	32,171	-15,072
Sep	2021	-46,495	31,813	-14,683
Oct	2021	-45,744	31,454	-14,289
Nov	2021	-44,988	31,096	-13,892
Dec	2021	-44,228	30,738	-13,490
Jan	2022	-43,464	30,379	-13,085
End Of Year 1 of Loan
Feb	2022	-42,696	30,021	-12,675
Mar	2022	-41,924	29,663	-12,261
Apr	2022	-41,147	28,414	-12,733
May	2022	-40,367	28,056	-12,311
Jun	2022	-39,582	27,698	-11,885
Jul	2022	-38,793	27,339	-11,454
Aug	2022	-38,000	26,981	-11,019
Sep	2022	-37,203	26,623	-10,581
Oct	2022	-36,402	26,264	-10,138
Nov	2022	-35,597	25,906	-9,691
Dec	2022	-34,787	25,548	-9,240
Jan	2023	-33,974	25,189	-8,785
End Of Year 2 of Loan
Feb	2023	-33,156	24,831	-8,325
Mar	2023	-32,334	24,473	-7,862
Apr	2023	-31,508	23,224	-8,284
May	2023	-30,678	22,866	-7,813
Jun	2023	-29,844	22,507	-7,337
Jul	2023	-29,006	22,149	-6,857
Aug	2023	-28,163	21,791	-6,373
Sep	2023	-27,317	21,432	-5,884
Oct	2023	-26,466	21,074	-5,392
Nov	2023	-25,611	20,716	-4,896
Dec	2023	-24,752	20,357	-4,395
Jan	2024	-23,889	19,999	-3,890
End Of Year 3 of Loan
Feb	2024	-23,022	19,641	-3,381
Mar	2024	-22,151	19,282	-2,868
Apr	2024	-21,275	18,034	-3,241
May	2024	-20,396	17,676	-2,720
Jun	2024	-19,512	17,317	-2,195
Jul	2024	-18,624	16,959	-1,665
Aug	2024	-17,732	16,601	-1,132
Sep	2024	-16,836	16,242	-594
Oct	2024	-15,936	15,884	-52
Nov	2024	-15,031	15,526	494
Dec	2024	-14,123	15,167	1,044
Jan	2025	-13,210	14,809	1,599
End Of Year 4 of Loan
Feb	2025	-12,293	14,451	2,157
Mar	2025	-11,373	14,092	2,720
Apr	2025	-10,448	12,844	2,396
May	2025	-9,518	12,485	2,967
Jun	2025	-8,585	12,127	3,542
Jul	2025	-7,648	11,769	4,121
Aug	2025	-6,706	11,410	4,704
Sep	2025	-5,761	11,052	5,291
Oct	2025	-4,811	10,694	5,883
Nov	2025	-3,857	10,335	6,478
Dec	2025	-2,899	9,977	7,078
Jan	2026	-1,937	9,619	7,682
End Of Year 5 of Loan
Feb	2026	-970	9,260	8,290
Mar	2026	0	8,902	8,902

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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