$25,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
3 Oct 2008 (1 years, 2 months remaining)
Months
(1 years, 2 months )
%

$6,026 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
-
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$25,000
Monthly Installment
$1,293.46 /month for 1 years, 2 months (14 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$7,500 (30% of Car Price)
1st Installment
$1,293.46
Total Upfront Payment
$8,818.46

Loan Details

Total Loan
$17,500 Information
Total Interest
$608 Information
Total Sum Paid
$18,108 at the end of 1 years, 2 months (14 months)

Other Car Financial Details

COE
$0 Information
ARF Paid
$6,026 Information
PARF Rebate
You get back $3,013 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$5,000 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'.
Jan 2021 -16,288 3,646 -12,642
Feb 2021 -15,070 3,646 -11,424
Mar 2021 -13,846 3,314 -10,531
Apr 2021 -12,616 3,314 -9,302
May 2021 -11,380 3,314 -8,066
Jun 2021 -10,139 3,314 -6,825
Jul 2021 -8,892 3,314 -5,578
Aug 2021 -7,639 3,314 -4,325
Sep 2021 -6,380 3,314 -3,066
Oct 2021 -5,116 3,314 -1,802
Nov 2021 -3,846 3,314 -531
Dec 2021 -2,570 3,314 745
End Of Year 1 of Loan
Jan 2022 -1,288 3,314 2,027
Feb 2022 0 3,314 3,314
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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