Hyundai Elantra 1.6 GLS (A)

$72,900

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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

2 Mar 2016 (5 years, 2 months remaining)

Loan Term

Months

(5 years, 2 months )

Interest Rate

OMV:

$15,223 Information

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

COE:

$43,000

Car Category:

PARF Car For car registered from March 2013, the minimum PARF rebate is 50% ARF.

(min PARF 50% of ARF)

Results

Financial Commitment

Car Price: $72,900
Monthly Installment: $949.79 /month for 5 years, 2 months (62 months)

Upfront Payment

Transfer Fee: $25
Down Payment: $21,870 (30% of Car Price)
1st Installment: $949.79
Total Upfront Payment: $22,844.79

Loan Details

Total Loan: $51,030
Total Interest: $7,857
Total Sum Paid: $58,887 at the end of 5 years, 2 months (62 months)

Other Car Financial Details

COE: $43,000
ARF Paid: $15,223
PARF Rebate: You get back $7,612 at the end of 10th year (PARF Rebate)
Annual Depreciation: $12,800

				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.	Feb	2021	22,820	57,937	7,607	-50,330	11,417	21,858	33,276	-17,054
2.	Mar	2021	23,770	56,987	7,362	-49,625	11,417	21,500	32,917	-16,708
3.	Apr	2021	24,719	56,038	7,121	-48,917	10,656	21,142	31,798	-17,119
4.	May	2021	25,669	55,088	6,883	-48,204	10,656	20,783	31,439	-16,765
5.	Jun	2021	26,619	54,138	6,650	-47,488	10,656	20,425	31,081	-16,407
6.	Jul	2021	27,569	53,188	6,421	-46,767	10,656	20,067	30,723	-16,045
7.	Aug	2021	28,519	52,238	6,195	-46,043	10,656	19,708	30,364	-15,679
8.	Sep	2021	29,468	51,289	5,974	-45,314	10,656	19,350	30,006	-15,308
9.	Oct	2021	30,418	50,339	5,757	-44,582	10,656	18,992	29,648	-14,934
10.	Nov	2021	31,368	49,389	5,544	-43,845	10,656	18,633	29,289	-14,556
11.	Dec	2021	32,318	48,439	5,334	-43,105	10,656	18,275	28,931	-14,174
12.	Jan	2022	33,267	47,489	5,129	-42,360	10,656	17,917	28,573	-13,787
End Of Year 1 of Loan
13.	Feb	2022	34,217	46,540	4,928	-41,611	10,656	17,558	28,214	-13,397
14.	Mar	2022	35,167	45,590	4,731	-40,859	10,656	17,200	27,856	-13,003
15.	Apr	2022	36,117	44,640	4,538	-40,102	9,895	16,842	26,737	-13,366
16.	May	2022	37,067	43,690	4,349	-39,341	9,895	16,483	26,378	-12,963
17.	Jun	2022	38,016	42,741	4,164	-38,577	9,895	16,125	26,020	-12,557
18.	Jul	2022	38,966	41,791	3,983	-37,808	9,895	15,767	25,662	-12,146
19.	Aug	2022	39,916	40,841	3,806	-37,035	9,895	15,408	25,303	-11,732
20.	Sep	2022	40,866	39,891	3,633	-36,258	9,895	15,050	24,945	-11,313
21.	Oct	2022	41,816	38,941	3,464	-35,478	9,895	14,692	24,587	-10,891
22.	Nov	2022	42,765	37,992	3,299	-34,693	9,895	14,333	24,228	-10,464
23.	Dec	2022	43,715	37,042	3,138	-33,904	9,895	13,975	23,870	-10,034
24.	Jan	2023	44,665	36,092	2,981	-33,111	9,895	13,617	23,512	-9,599
End Of Year 2 of Loan
25.	Feb	2023	45,615	35,142	2,828	-32,314	9,895	13,258	23,153	-9,161
26.	Mar	2023	46,565	34,192	2,679	-31,513	9,895	12,900	22,795	-8,718
27.	Apr	2023	47,514	33,243	2,534	-30,708	9,134	12,542	21,675	-9,033
28.	May	2023	48,464	32,293	2,394	-29,899	9,134	12,183	21,317	-8,582
29.	Jun	2023	49,414	31,343	2,257	-29,086	9,134	11,825	20,959	-8,127
30.	Jul	2023	50,364	30,393	2,124	-28,269	9,134	11,467	20,600	-7,669
31.	Aug	2023	51,313	29,443	1,995	-27,448	9,134	11,108	20,242	-7,206
32.	Sep	2023	52,263	28,494	1,871	-26,623	9,134	10,750	19,884	-6,739
33.	Oct	2023	53,213	27,544	1,750	-25,794	9,134	10,392	19,525	-6,268
34.	Nov	2023	54,163	26,594	1,633	-24,961	9,134	10,033	19,167	-5,794
35.	Dec	2023	55,113	25,644	1,521	-24,124	9,134	9,675	18,809	-5,315
36.	Jan	2024	56,062	24,695	1,412	-23,282	9,134	9,317	18,450	-4,832
End Of Year 3 of Loan
37.	Feb	2024	57,012	23,745	1,307	-22,437	9,134	8,958	18,092	-4,345
38.	Mar	2024	57,962	22,795	1,207	-21,588	9,134	8,600	17,734	-3,854
39.	Apr	2024	58,912	21,845	1,110	-20,735	8,373	8,242	16,614	-4,120
40.	May	2024	59,862	20,895	1,018	-19,878	8,373	7,883	16,256	-3,622
41.	Jun	2024	60,811	19,946	929	-19,016	8,373	7,525	15,898	-3,119
42.	Jul	2024	61,761	18,996	845	-18,151	8,373	7,167	15,539	-2,612
43.	Aug	2024	62,711	18,046	764	-17,282	8,373	6,808	15,181	-2,101
44.	Sep	2024	63,661	17,096	688	-16,408	8,373	6,450	14,823	-1,586
45.	Oct	2024	64,611	16,146	616	-15,531	8,373	6,092	14,464	-1,067
46.	Nov	2024	65,560	15,197	547	-14,649	8,373	5,733	14,106	-544
47.	Dec	2024	66,510	14,247	483	-13,764	8,373	5,375	13,748	-16
48.	Jan	2025	67,460	13,297	422	-12,875	8,373	5,017	13,389	515	Break Even
End Of Year 4 of Loan
49.	Feb	2025	68,410	12,347	366	-11,981	8,373	4,658	13,031	1,050
50.	Mar	2025	69,359	11,397	314	-11,084	8,373	4,300	12,673	1,589
51.	Apr	2025	70,309	10,448	266	-10,182	7,612	3,942	11,553	1,371
52.	May	2025	71,259	9,498	221	-9,277	7,612	3,583	11,195	1,918
53.	Jun	2025	72,209	8,548	181	-8,367	7,612	3,225	10,837	2,469
54.	Jul	2025	73,159	7,598	145	-7,453	7,612	2,867	10,478	3,025
55.	Aug	2025	74,108	6,649	113	-6,536	7,612	2,508	10,120	3,584
56.	Sep	2025	75,058	5,699	84	-5,614	7,612	2,150	9,762	4,147
57.	Oct	2025	76,008	4,749	60	-4,689	7,612	1,792	9,403	4,715
58.	Nov	2025	76,958	3,799	40	-3,759	7,612	1,433	9,045	5,286
59.	Dec	2025	77,908	2,849	24	-2,825	7,612	1,075	8,687	5,861
60.	Jan	2026	78,857	1,900	12	-1,888	7,612	717	8,328	6,441
End Of Year 5 of Loan
61.	Feb	2026	79,807	950	4	-946	7,612	358	7,970	7,024
62.	Mar	2026	80,757	0	0	0	7,612	0	7,612	7,612	Loan Fully Paid

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	-50,330	33,276	-17,054
Mar	2021	-49,625	32,917	-16,708
Apr	2021	-48,917	31,798	-17,119
May	2021	-48,204	31,439	-16,765
Jun	2021	-47,488	31,081	-16,407
Jul	2021	-46,767	30,723	-16,045
Aug	2021	-46,043	30,364	-15,679
Sep	2021	-45,314	30,006	-15,308
Oct	2021	-44,582	29,648	-14,934
Nov	2021	-43,845	29,289	-14,556
Dec	2021	-43,105	28,931	-14,174
Jan	2022	-42,360	28,573	-13,787
End Of Year 1 of Loan
Feb	2022	-41,611	28,214	-13,397
Mar	2022	-40,859	27,856	-13,003
Apr	2022	-40,102	26,737	-13,366
May	2022	-39,341	26,378	-12,963
Jun	2022	-38,577	26,020	-12,557
Jul	2022	-37,808	25,662	-12,146
Aug	2022	-37,035	25,303	-11,732
Sep	2022	-36,258	24,945	-11,313
Oct	2022	-35,478	24,587	-10,891
Nov	2022	-34,693	24,228	-10,464
Dec	2022	-33,904	23,870	-10,034
Jan	2023	-33,111	23,512	-9,599
End Of Year 2 of Loan
Feb	2023	-32,314	23,153	-9,161
Mar	2023	-31,513	22,795	-8,718
Apr	2023	-30,708	21,675	-9,033
May	2023	-29,899	21,317	-8,582
Jun	2023	-29,086	20,959	-8,127
Jul	2023	-28,269	20,600	-7,669
Aug	2023	-27,448	20,242	-7,206
Sep	2023	-26,623	19,884	-6,739
Oct	2023	-25,794	19,525	-6,268
Nov	2023	-24,961	19,167	-5,794
Dec	2023	-24,124	18,809	-5,315
Jan	2024	-23,282	18,450	-4,832
End Of Year 3 of Loan
Feb	2024	-22,437	18,092	-4,345
Mar	2024	-21,588	17,734	-3,854
Apr	2024	-20,735	16,614	-4,120
May	2024	-19,878	16,256	-3,622
Jun	2024	-19,016	15,898	-3,119
Jul	2024	-18,151	15,539	-2,612
Aug	2024	-17,282	15,181	-2,101
Sep	2024	-16,408	14,823	-1,586
Oct	2024	-15,531	14,464	-1,067
Nov	2024	-14,649	14,106	-544
Dec	2024	-13,764	13,748	-16
Jan	2025	-12,875	13,389	515
End Of Year 4 of Loan
Feb	2025	-11,981	13,031	1,050
Mar	2025	-11,084	12,673	1,589
Apr	2025	-10,182	11,553	1,371
May	2025	-9,277	11,195	1,918
Jun	2025	-8,367	10,837	2,469
Jul	2025	-7,453	10,478	3,025
Aug	2025	-6,536	10,120	3,584
Sep	2025	-5,614	9,762	4,147
Oct	2025	-4,689	9,403	4,715
Nov	2025	-3,759	9,045	5,286
Dec	2025	-2,825	8,687	5,861
Jan	2026	-1,888	8,328	6,441
End Of Year 5 of Loan
Feb	2026	-946	7,970	7,024
Mar	2026	0	7,612	7,612

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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