$29,988

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
24 Oct 2008 (2 years remaining)
Months
(2 years)
%

$12,195 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
$29,988
Monthly Installment
$926.78 /month for 2 years (24 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$8,996 (30% of Car Price)
1st Installment
$926.78
Total Upfront Payment
$9,948.18

Loan Details

Total Loan
$20,992 Information
Total Interest
$1,251 Information
Total Sum Paid
$22,243 at the end of 2 years (24 months)

Other Car Financial Details

COE
$0 Information
ARF Paid
$12,195 Information
PARF Rebate
You get back $6,098 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$5,998 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'.
Nov 2020 -20,165 7,378 -12,787
Dec 2020 -19,334 7,378 -11,956
Jan 2021 -18,499 7,378 -11,121
Feb 2021 -17,660 7,378 -10,282
Mar 2021 -16,816 7,378 -9,438
Apr 2021 -15,969 7,378 -8,591
May 2021 -15,117 7,378 -7,739
Jun 2021 -14,261 7,378 -6,883
Jul 2021 -13,401 7,378 -6,023
Aug 2021 -12,537 7,378 -5,159
Sep 2021 -11,669 7,378 -4,291
Oct 2021 -10,796 7,378 -3,418
End Of Year 1 of Loan
Nov 2021 -9,919 6,707 -3,212
Dec 2021 -9,038 6,707 -2,331
Jan 2022 -8,153 6,707 -1,446
Feb 2022 -7,264 6,707 -557
Mar 2022 -6,371 6,707 337
Apr 2022 -5,473 6,707 1,234
May 2022 -4,571 6,707 2,136
Jun 2022 -3,665 6,707 3,042
Jul 2022 -2,755 6,707 3,952
Aug 2022 -1,841 6,707 4,866
Sep 2022 -923 6,707 5,785
Oct 2022 0 6,707 6,707
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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