$24,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
20 Aug 2009 (1 years, 5 months remaining)
Months
(1 years, 5 months )
%

$26,374 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$1,905
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$24,000
Monthly Installment
$882.82 /month for 1 years, 5 months (17 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$7,200 (30% of Car Price)
1st Installment
$882.82
Total Upfront Payment
$8,107.82

Loan Details

Total Loan
$16,800 Information
Total Interest
$608 Information
Total Sum Paid
$17,408 at the end of 1 years, 5 months (17 months)

Other Car Financial Details

COE
$1,905 Information
ARF Paid
$26,374 Information
PARF Rebate
You get back $13,187 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'.
Feb 2021 -13,585 14,760 1,175
Mar 2021 -12,765 14,744 1,978
Apr 2021 -11,942 14,728 2,786
May 2021 -11,115 14,712 3,597
Jun 2021 -10,284 14,696 4,412
Jul 2021 -9,449 13,362 3,913
Aug 2021 -8,610 13,346 4,736
Sep 2021 -7,767 13,330 5,563
Oct 2021 -6,920 13,314 6,394
Nov 2021 -6,068 13,298 7,230
Dec 2021 -5,213 13,282 8,069
Jan 2022 -4,354 13,266 8,912
End Of Year 1 of Loan
Feb 2022 -3,492 13,251 9,759
Mar 2022 -2,625 13,235 10,610
Apr 2022 -1,754 13,219 11,465
May 2022 -879 13,203 12,324
Jun 2022 0 13,187 13,187
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.

Browse by Car Make