$340,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
5 May 2017 (6 years, 3 months remaining)
Months
(6 years, 3 months )
%

$90,326 Information
Based on this OMV and registration date, this car is eligible for minimum 40% down payment.
$53,300
PARF Car  (min PARF 50% of ARF)

Results

Financial Commitment

Car Price
$340,000
Monthly Installment
$3,226.60 /month for 6 years, 3 months (75 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$136,000 (40% of Car Price)
1st Installment
$3,226.60
Total Upfront Payment
$139,251.60

Loan Details

Total Loan
$204,000 Information
Total Interest
$37,995 Information
Total Sum Paid
$241,995 at the end of 6 years, 3 months (75 months)

Other Car Financial Details

COE
$53,300 Information
ARF Paid
$134,587 Information
PARF Rebate
You get back $67,293 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$44,175 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'.
Apr 2021 -201,773 100,613 -101,160
May 2021 -199,533 100,169 -99,365
Jun 2021 -197,280 99,725 -97,555
Jul 2021 -195,013 99,280 -95,733
Aug 2021 -192,733 98,836 -93,897
Sep 2021 -190,440 98,392 -92,048
Oct 2021 -188,133 97,948 -90,185
Nov 2021 -185,813 97,504 -88,309
Dec 2021 -183,479 97,060 -86,420
Jan 2022 -181,133 96,615 -84,517
Feb 2022 -178,773 96,171 -82,602
Mar 2022 -176,399 95,727 -80,672
End Of Year 1 of Loan
Apr 2022 -174,013 95,283 -78,730
May 2022 -171,613 94,839 -76,774
Jun 2022 -169,199 94,395 -74,805
Jul 2022 -166,773 89,434 -77,338
Aug 2022 -164,332 88,990 -75,343
Sep 2022 -161,879 88,546 -73,333
Oct 2022 -159,412 88,102 -71,311
Nov 2022 -156,932 87,657 -69,275
Dec 2022 -154,439 87,213 -67,226
Jan 2023 -151,932 86,769 -65,163
Feb 2023 -149,412 86,325 -63,087
Mar 2023 -146,879 85,881 -60,998
End Of Year 2 of Loan
Apr 2023 -144,332 85,437 -58,896
May 2023 -141,772 84,992 -56,780
Jun 2023 -139,199 84,548 -54,651
Jul 2023 -136,612 79,588 -57,024
Aug 2023 -134,012 79,144 -54,869
Sep 2023 -131,399 78,699 -52,699
Oct 2023 -128,772 78,255 -50,517
Nov 2023 -126,132 77,811 -48,321
Dec 2023 -123,479 77,367 -46,112
Jan 2024 -120,812 76,923 -43,889
Feb 2024 -118,132 76,479 -41,654
Mar 2024 -115,439 76,034 -39,404
End Of Year 3 of Loan
Apr 2024 -112,732 75,590 -37,142
May 2024 -110,012 75,146 -34,866
Jun 2024 -107,279 74,702 -32,577
Jul 2024 -104,532 69,741 -34,791
Aug 2024 -101,772 69,297 -32,475
Sep 2024 -98,999 68,853 -30,146
Oct 2024 -96,212 68,409 -27,803
Nov 2024 -93,412 67,965 -25,447
Dec 2024 -90,599 67,521 -23,078
Jan 2025 -87,772 67,076 -20,696
Feb 2025 -84,932 66,632 -18,300
Mar 2025 -82,079 66,188 -15,891
End Of Year 4 of Loan
Apr 2025 -79,212 65,744 -13,468
May 2025 -76,332 65,300 -11,032
Jun 2025 -73,439 64,856 -8,583
Jul 2025 -70,532 59,895 -10,637
Aug 2025 -67,612 59,451 -8,161
Sep 2025 -64,679 59,007 -5,672
Oct 2025 -61,732 58,563 -3,170
Nov 2025 -58,772 58,118 -654
Dec 2025 -55,799 57,674 1,875
Jan 2026 -52,812 57,230 4,418
Feb 2026 -49,813 56,786 6,973
Mar 2026 -46,799 56,342 9,543
End Of Year 5 of Loan
Apr 2026 -43,773 55,898 12,125
May 2026 -40,733 55,453 14,721
Jun 2026 -37,679 55,009 17,330
Jul 2026 -34,613 50,049 15,436
Aug 2026 -31,533 49,605 18,072
Sep 2026 -28,439 49,161 20,721
Oct 2026 -25,333 48,716 23,383
Nov 2026 -22,213 48,272 26,059
Dec 2026 -19,080 47,828 28,748
Jan 2027 -15,933 47,384 31,451
Feb 2027 -12,773 46,940 34,167
Mar 2027 -9,600 46,496 36,896
End Of Year 6 of Loan
Apr 2027 -6,413 46,051 39,638
May 2027 -3,213 45,607 42,394
Jun 2027 0 45,163 45,163
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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