$488,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
30 Jan 2014 (2 years, 11 months remaining)
Months
(2 years, 11 months )
%

$212,513 Information
Based on this OMV and registration date, this car is eligible for minimum 40% down payment.
$83,000
PARF Car  (min PARF 50% of ARF)

Results

Financial Commitment

Car Price
$488,000
Monthly Installment
$9,092.83 /month for 2 years, 11 months (35 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$195,200 (40% of Car Price)
1st Installment
$9,092.83
Total Upfront Payment
$204,317.83

Loan Details

Total Loan
$292,800 Information
Total Interest
$25,449 Information
Total Sum Paid
$318,249 at the end of 2 years, 11 months (35 months)

Other Car Financial Details

COE
$83,000 Information
ARF Paid
$354,523 Information
PARF Rebate
You get back $177,262 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$106,496 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 2021 -285,121 151,024 -134,097
Apr 2021 -277,402 150,333 -127,069
May 2021 -269,642 149,641 -120,001
Jun 2021 -261,842 148,949 -112,892
Jul 2021 -254,001 148,258 -105,743
Aug 2021 -246,120 147,566 -98,554
Sep 2021 -238,199 146,874 -91,324
Oct 2021 -230,237 146,183 -84,054
Nov 2021 -222,235 145,491 -76,744
Dec 2021 -214,192 144,799 -69,393
Jan 2022 -206,109 144,108 -62,002
Feb 2022 -197,986 132,790 -65,196
End Of Year 1 of Loan
Mar 2022 -189,822 132,099 -57,723
Apr 2022 -181,618 131,407 -50,211
May 2022 -173,374 130,715 -42,658
Jun 2022 -165,089 130,024 -35,065
Jul 2022 -156,763 129,332 -27,431
Aug 2022 -148,398 128,640 -19,757
Sep 2022 -139,992 127,949 -12,043
Oct 2022 -131,545 127,257 -4,288
Nov 2022 -123,058 126,565 3,507
Dec 2022 -114,531 125,874 11,343
Jan 2023 -105,963 125,182 19,219
Feb 2023 -97,355 113,865 16,510
End Of Year 2 of Loan
Mar 2023 -88,707 113,173 24,467
Apr 2023 -80,018 112,482 32,464
May 2023 -71,288 111,790 40,501
Jun 2023 -62,519 111,098 48,579
Jul 2023 -53,709 110,407 56,698
Aug 2023 -44,858 109,715 64,857
Sep 2023 -35,967 109,023 73,056
Oct 2023 -27,036 108,332 81,295
Nov 2023 -18,064 107,640 89,575
Dec 2023 -9,052 106,948 97,896
Jan 2024 0 106,257 106,257
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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