$56,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
16 May 2014 (3 years, 4 months remaining)
Months
(3 years, 4 months )
%

$20,834 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$60,002
PARF Car  (min PARF 50% of ARF)

Results

Financial Commitment

Car Price
$56,800
Monthly Installment
$936.63 /month for 3 years, 4 months (40 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$17,040 (30% of Car Price)
1st Installment
$936.63
Total Upfront Payment
$18,001.63

Loan Details

Total Loan
$39,760 Information
Total Interest
$3,385 Information
Total Sum Paid
$43,145 at the end of 3 years, 4 months (40 months)

Other Car Financial Details

COE
$60,002 Information
ARF Paid
$21,168 Information
PARF Rebate
You get back $10,584 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$13,994 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'.
Feb 2021 -33,309 33,043 -266
Mar 2021 -32,533 32,543 10
Apr 2021 -31,753 32,043 290
May 2021 -30,969 31,543 573
Jun 2021 -30,181 30,001 -180
Jul 2021 -29,389 29,501 112
Aug 2021 -28,593 29,001 408
Sep 2021 -27,792 28,501 708
Oct 2021 -26,988 28,001 1,013
Nov 2021 -26,179 27,501 1,322
Dec 2021 -25,366 27,001 1,634
Jan 2022 -24,550 26,501 1,951
End Of Year 1 of Loan
Feb 2022 -23,729 26,001 2,272
Mar 2022 -22,903 25,501 2,597
Apr 2022 -22,074 25,001 2,927
May 2022 -21,241 24,501 3,260
Jun 2022 -20,403 22,959 2,556
Jul 2022 -19,561 22,459 2,898
Aug 2022 -18,716 21,959 3,243
Sep 2022 -17,866 21,459 3,593
Oct 2022 -17,012 20,959 3,947
Nov 2022 -16,153 20,459 4,306
Dec 2022 -15,291 19,959 4,668
Jan 2023 -14,425 19,459 5,034
End Of Year 2 of Loan
Feb 2023 -13,554 18,959 5,405
Mar 2023 -12,679 18,459 5,780
Apr 2023 -11,801 17,959 6,158
May 2023 -10,918 17,459 6,541
Jun 2023 -10,030 15,917 5,887
Jul 2023 -9,139 15,417 6,278
Aug 2023 -8,244 14,917 6,673
Sep 2023 -7,344 14,417 7,073
Oct 2023 -6,441 13,917 7,476
Nov 2023 -5,533 13,417 7,884
Dec 2023 -4,621 12,917 8,296
Jan 2024 -3,705 12,417 8,712
End Of Year 3 of Loan
Feb 2024 -2,785 11,917 9,132
Mar 2024 -1,861 11,417 9,556
Apr 2024 -933 10,917 9,985
May 2024 0 10,417 10,417
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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