$34,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
12 May 2008 (2 years, 5 months remaining)
Months
(2 years, 5 months )
%

$17,699 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
-
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$34,800
Monthly Installment
$900.49 /month for 2 years, 5 months (29 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$10,440 (30% of Car Price)
1st Installment
$900.49
Total Upfront Payment
$11,365.49

Loan Details

Total Loan
$24,360 Information
Total Interest
$1,754 Information
Total Sum Paid
$26,114 at the end of 2 years, 5 months (29 months)

Other Car Financial Details

COE
$0 Information
ARF Paid
$17,699 Information
PARF Rebate
You get back $8,850 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$6,960 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 -23,576 11,681 -11,895
Nov 2020 -22,789 11,681 -11,108
Dec 2020 -21,997 11,681 -10,316
Jan 2021 -21,202 11,681 -9,520
Feb 2021 -20,402 11,681 -8,721
Mar 2021 -19,598 10,708 -8,890
Apr 2021 -18,791 10,708 -8,083
May 2021 -17,979 10,708 -7,271
Jun 2021 -17,163 10,708 -6,455
Jul 2021 -16,343 10,708 -5,635
Aug 2021 -15,519 10,708 -4,811
Sep 2021 -14,691 10,708 -3,983
End Of Year 1 of Loan
Oct 2021 -13,859 10,708 -3,152
Nov 2021 -13,023 10,708 -2,316
Dec 2021 -12,183 10,708 -1,476
Jan 2022 -11,339 10,708 -632
Feb 2022 -10,491 10,708 217
Mar 2022 -9,639 9,734 95
Apr 2022 -8,783 9,734 951
May 2022 -7,923 9,734 1,811
Jun 2022 -7,059 9,734 2,676
Jul 2022 -6,191 9,734 3,544
Aug 2022 -5,318 9,734 4,416
Sep 2022 -4,442 9,734 5,292
End Of Year 2 of Loan
Oct 2022 -3,562 9,734 6,173
Nov 2022 -2,677 9,734 7,057
Dec 2022 -1,789 9,734 7,946
Jan 2023 -896 9,734 8,838
Feb 2023 0 9,734 9,734
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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