$22,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
22 Sep 2009 (1 years, 10 months remaining)
Months
(1 years, 10 months )
%

$19,960 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$18,020
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$22,000
Monthly Installment
$738.24 /month for 1 years, 10 months (22 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$6,600 (30% of Car Price)
1st Installment
$738.24
Total Upfront Payment
$7,363.24

Loan Details

Total Loan
$15,400 Information
Total Interest
$841 Information
Total Sum Paid
$16,241 at the end of 1 years, 10 months (22 months)

Other Car Financial Details

COE
$18,020 Information
ARF Paid
$19,960 Information
PARF Rebate
You get back $9,980 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
- 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'.
Aug 2021 -14,735 14,132 -603
Sep 2021 -14,067 13,981 -85
Oct 2021 -13,395 13,831 436
Nov 2021 -12,720 13,681 961
Dec 2021 -12,041 13,531 1,489
Jan 2022 -11,360 13,381 2,021
Feb 2022 -10,675 13,231 2,556
Mar 2022 -9,986 13,080 3,094
Apr 2022 -9,295 12,930 3,636
May 2022 -8,600 12,780 4,180
Jun 2022 -7,901 11,632 3,731
Jul 2022 -7,200 11,482 4,282
End Of Year 1 of Loan
Aug 2022 -6,495 11,332 4,837
Sep 2022 -5,786 11,181 5,395
Oct 2022 -5,075 11,031 5,957
Nov 2022 -4,360 10,881 6,521
Dec 2022 -3,641 10,731 7,089
Jan 2023 -2,920 10,581 7,661
Feb 2023 -2,195 10,431 8,236
Mar 2023 -1,467 10,280 8,814
Apr 2023 -735 10,130 9,395
May 2023 0 9,980 9,980
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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