$23,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
25 Jun 2009 (1 years, 3 months remaining)
Months
(1 years, 3 months )
%

$30,709 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$8,501
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$23,800
Monthly Installment
$987.46 /month for 1 years, 3 months (15 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$7,140 (30% of Car Price)
1st Installment
$987.46
Total Upfront Payment
$8,152.46

Loan Details

Total Loan
$16,660 Information
Total Interest
$532 Information
Total Sum Paid
$17,192 at the end of 1 years, 3 months (15 months)

Other Car Financial Details

COE
$8,501 Information
ARF Paid
$30,709 Information
PARF Rebate
You get back $15,355 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'.
Oct 2020 -13,359 17,882 4,523
Nov 2020 -12,434 17,811 5,377
Dec 2020 -11,504 17,740 6,236
Jan 2021 -10,570 16,134 5,564
Feb 2021 -9,631 16,063 6,432
Mar 2021 -8,688 15,992 7,304
Apr 2021 -7,740 15,921 8,181
May 2021 -6,788 15,850 9,062
Jun 2021 -5,832 15,780 9,948
Jul 2021 -4,871 15,709 10,838
Aug 2021 -3,906 15,638 11,732
Sep 2021 -2,936 15,567 12,631
End Of Year 1 of Loan
Oct 2021 -1,962 15,496 13,535
Nov 2021 -983 15,425 14,442
Dec 2021 0 15,355 15,355
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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