Renault Kangoo 1.5

$5,500

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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

9 Jan 2009 (0 years, 7 months remaining)

Loan Term

Months

(0 years, 7 months )

Interest Rate

OMV:

$17,705
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.

COE:

$4,001

Car Category:

Commercial

Results

Financial Commitment

Car Price: $5,500
Monthly Installment: $559.56 /month for 0 years, 7 months (7 months)

Upfront Payment

Transfer Fee: $25
Down Payment: $1,650 (30% of Car Price)
1st Installment: $559.56
Total Upfront Payment: $2,234.56

Loan Details

Total Loan: $3,850
Total Interest: $67
Total Sum Paid: $3,917 at the end of 0 years, 7 months (7 months)

Other Car Financial Details

COE: $4,001
ARF Paid: $17,705
PARF Rebate: You get back $8,853 at the end of 10th year (PARF Rebate)
Annual Depreciation: -

				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.	Sep	2019	2,210	3,357	50	-3,307	0	200	200	-3,107
2.	Oct	2019	2,769	2,798	36	-2,762	0	167	167	-2,595
3.	Nov	2019	3,329	2,238	24	-2,214	0	133	133	-2,081
4.	Dec	2019	3,888	1,679	14	-1,664	0	100	100	-1,564
5.	Jan	2020	4,448	1,119	7	-1,112	0	67	67	-1,045
6.	Feb	2020	5,007	560	2	-557	0	33	33	-524
7.	Mar	2020	5,567	0	0	0	0	0	0	0	Loan Fully Paid Break Even

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'.
Sep	2019	-3,307	200	-3,107
Oct	2019	-2,762	167	-2,595
Nov	2019	-2,214	133	-2,081
Dec	2019	-1,664	100	-1,564
Jan	2020	-1,112	67	-1,045
Feb	2020	-557	33	-524
Mar	2020	0	0	0

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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