Mitsubishi Evolution 10 GSR (New 10-yr COE)

$89,800

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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

29 May 2009 (1 years, 10 months remaining)

Loan Term

Months

(1 years, 10 months )

Interest Rate

OMV:

$44,740 Information

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

COE:

Car Category:

PARF Car For car registered between March 2008 to February 2013, the minimum PARF rebate is at 50% of OMV.

(min PARF 50% of OMV)

Results

Financial Commitment

Car Price: $89,800
Monthly Installment: $2,582.89 /month for 1 years, 10 months (22 months)

Upfront Payment

Transfer Fee: $25
Down Payment: $26,940 (30% of Car Price)
1st Installment: $2,582.89
Total Upfront Payment: $29,547.89

Loan Details

Total Loan: $62,860
Total Interest: $2,944
Total Sum Paid: $65,804 at the end of 1 years, 10 months (22 months)

Other Car Financial Details

COE: $0
ARF Paid: $44,740
PARF Rebate: You get back $22,370 at the end of 10th year (PARF Rebate)
Annual Depreciation: $8,980

				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.	Mar	2021	29,523	54,241	2,688	-51,553	24,607	0	24,607	-26,946
2.	Apr	2021	32,106	51,658	2,443	-49,215	24,607	0	24,607	-24,608
3.	May	2021	34,689	49,075	2,211	-46,864	24,607	0	24,607	-22,257
4.	Jun	2021	37,272	46,492	1,990	-44,502	24,607	0	24,607	-19,895
5.	Jul	2021	39,854	43,909	1,780	-42,129	24,607	0	24,607	-17,522
6.	Aug	2021	42,437	41,326	1,582	-39,744	24,607	0	24,607	-15,137
7.	Sep	2021	45,020	38,743	1,396	-37,347	24,607	0	24,607	-12,740
8.	Oct	2021	47,603	36,161	1,222	-34,939	24,607	0	24,607	-10,332
9.	Nov	2021	50,186	33,578	1,059	-32,519	24,607	0	24,607	-7,912
10.	Dec	2021	52,769	30,995	908	-30,087	24,607	0	24,607	-5,480
11.	Jan	2022	55,352	28,412	768	-27,644	22,370	0	22,370	-5,274
12.	Feb	2022	57,935	25,829	640	-25,189	22,370	0	22,370	-2,819
End Of Year 1 of Loan
13.	Mar	2022	60,518	23,246	524	-22,722	22,370	0	22,370	-352
14.	Apr	2022	63,101	20,663	419	-20,244	22,370	0	22,370	2,126	Break Even
15.	May	2022	65,683	18,080	326	-17,754	22,370	0	22,370	4,616
16.	Jun	2022	68,266	15,497	244	-15,253	22,370	0	22,370	7,117
17.	Jul	2022	70,849	12,914	175	-12,740	22,370	0	22,370	9,630
18.	Aug	2022	73,432	10,332	116	-10,215	22,370	0	22,370	12,155
19.	Sep	2022	76,015	7,749	70	-7,679	22,370	0	22,370	14,691
20.	Oct	2022	78,598	5,166	35	-5,131	22,370	0	22,370	17,239
21.	Nov	2022	81,181	2,583	12	-2,571	22,370	0	22,370	19,799
22.	Dec	2022	83,764	0	0	0	22,370	0	22,370	22,370	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'.
Mar	2021	-51,553	24,607	-26,946
Apr	2021	-49,215	24,607	-24,608
May	2021	-46,864	24,607	-22,257
Jun	2021	-44,502	24,607	-19,895
Jul	2021	-42,129	24,607	-17,522
Aug	2021	-39,744	24,607	-15,137
Sep	2021	-37,347	24,607	-12,740
Oct	2021	-34,939	24,607	-10,332
Nov	2021	-32,519	24,607	-7,912
Dec	2021	-30,087	24,607	-5,480
Jan	2022	-27,644	22,370	-5,274
Feb	2022	-25,189	22,370	-2,819
End Of Year 1 of Loan
Mar	2022	-22,722	22,370	-352
Apr	2022	-20,244	22,370	2,126
May	2022	-17,754	22,370	4,616
Jun	2022	-15,253	22,370	7,117
Jul	2022	-12,740	22,370	9,630
Aug	2022	-10,215	22,370	12,155
Sep	2022	-7,679	22,370	14,691
Oct	2022	-5,131	22,370	17,239
Nov	2022	-2,571	22,370	19,799
Dec	2022	0	22,370	22,370

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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