$130,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
26 Dec 2013 (3 years, 7 months remaining)
Months
(3 years, 7 months )
%

$55,866 Information
Based on this OMV and registration date, this car is eligible for minimum 40% down payment.
$87,001
PARF Car  (min PARF 50% of ARF)

Results

Financial Commitment

Car Price
$130,000
Monthly Installment
$2,007.65 /month for 3 years, 7 months (43 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$52,000 (40% of Car Price)
1st Installment
$2,007.65
Total Upfront Payment
$54,032.65

Loan Details

Total Loan
$78,000 Information
Total Interest
$8,329 Information
Total Sum Paid
$86,329 at the end of 3 years, 7 months (43 months)

Other Car Financial Details

COE
$87,001 Information
ARF Paid
$72,559 Information
PARF Rebate
You get back $36,279 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$26,153 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 -76,371 66,763 -9,608
Jul 2020 -74,733 66,038 -8,695
Aug 2020 -73,086 65,313 -7,773
Sep 2020 -71,431 64,588 -6,843
Oct 2020 -69,767 63,863 -5,903
Nov 2020 -68,094 63,138 -4,955
Dec 2020 -66,412 62,413 -3,998
Jan 2021 -64,721 58,895 -5,826
Feb 2021 -63,022 58,170 -4,852
Mar 2021 -61,313 57,445 -3,868
Apr 2021 -59,596 56,720 -2,876
May 2021 -57,870 55,995 -1,875
End Of Year 1 of Loan
Jun 2021 -56,135 55,270 -866
Jul 2021 -54,392 54,545 153
Aug 2021 -52,640 53,820 1,180
Sep 2021 -50,879 53,095 2,216
Oct 2021 -49,109 52,370 3,261
Nov 2021 -47,330 51,645 4,315
Dec 2021 -45,542 50,920 5,377
Jan 2022 -43,746 47,401 3,656
Feb 2022 -41,941 46,676 4,736
Mar 2022 -40,127 45,951 5,825
Apr 2022 -38,304 45,226 6,922
May 2022 -36,473 44,501 8,029
End Of Year 2 of Loan
Jun 2022 -34,632 43,776 9,144
Jul 2022 -32,783 43,051 10,268
Aug 2022 -30,925 42,326 11,401
Sep 2022 -29,058 41,601 12,543
Oct 2022 -27,183 40,876 13,694
Nov 2022 -25,298 40,151 14,853
Dec 2022 -23,405 39,426 16,021
Jan 2023 -21,503 35,908 14,405
Feb 2023 -19,592 35,183 15,591
Mar 2023 -17,673 34,458 16,785
Apr 2023 -15,744 33,733 17,989
May 2023 -13,807 33,008 19,201
End Of Year 3 of Loan
Jun 2023 -11,861 32,283 20,422
Jul 2023 -9,906 31,558 21,652
Aug 2023 -7,943 30,833 22,890
Sep 2023 -5,970 30,108 24,138
Oct 2023 -3,989 29,383 25,394
Nov 2023 -1,999 28,658 26,659
Dec 2023 0 27,933 27,933
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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