$8,500

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
31 Dec 2008 (1 years, 3 months remaining)
Months
(1 years, 3 months )
%

$9,741 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$7,589
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$8,500
Monthly Installment
$411.44 /month for 1 years, 3 months (15 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$2,550 (30% of Car Price)
1st Installment
$411.44
Total Upfront Payment
$2,986.44

Loan Details

Total Loan
$5,950 Information
Total Interest
$222 Information
Total Sum Paid
$6,172 at the end of 1 years, 3 months (15 months)

Other Car Financial Details

COE
$7,589 Information
ARF Paid
$9,741 Information
PARF Rebate
You get back $4,871 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'.
Mar 2020 -5,566 6,779 1,212
Apr 2020 -5,181 6,715 1,535
May 2020 -4,793 6,652 1,859
Jun 2020 -4,404 6,053 1,649
Jul 2020 -4,013 5,990 1,977
Aug 2020 -3,620 5,927 2,307
Sep 2020 -3,225 5,863 2,638
Oct 2020 -2,828 5,800 2,972
Nov 2020 -2,430 5,737 3,307
Dec 2020 -2,030 5,674 3,644
Jan 2021 -1,627 5,611 3,983
Feb 2021 -1,223 5,547 4,324
End Of Year 1 of Loan
Mar 2021 -817 5,484 4,667
Apr 2021 -410 5,421 5,011
May 2021 0 5,358 5,358
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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