$29,888

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
19 Jun 2008 (2 years, 3 months remaining)
Months
(2 years, 3 months )
%

$10,544 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
$29,888
Monthly Installment
$826.83 /month for 2 years, 3 months (27 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$8,966 (30% of Car Price)
1st Installment
$826.83
Total Upfront Payment
$9,818.23

Loan Details

Total Loan
$20,922 Information
Total Interest
$1,403 Information
Total Sum Paid
$22,324 at the end of 2 years, 3 months (27 months)

Other Car Financial Details

COE
$0 Information
ARF Paid
$10,544 Information
PARF Rebate
You get back $5,272 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$5,978 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 -20,195 6,959 -13,236
Nov 2020 -19,465 6,959 -12,506
Dec 2020 -18,731 6,959 -11,772
Jan 2021 -17,993 6,379 -11,614
Feb 2021 -17,251 6,379 -10,872
Mar 2021 -16,506 6,379 -10,127
Apr 2021 -15,757 6,379 -9,378
May 2021 -15,005 6,379 -8,626
Jun 2021 -14,248 6,379 -7,869
Jul 2021 -13,488 6,379 -7,109
Aug 2021 -12,725 6,379 -6,345
Sep 2021 -11,957 6,379 -5,578
End Of Year 1 of Loan
Oct 2021 -11,186 6,379 -4,807
Nov 2021 -10,411 6,379 -4,032
Dec 2021 -9,632 6,379 -3,253
Jan 2022 -8,850 5,799 -3,051
Feb 2022 -8,064 5,799 -2,265
Mar 2022 -7,274 5,799 -1,475
Apr 2022 -6,481 5,799 -682
May 2022 -5,684 5,799 115
Jun 2022 -4,883 5,799 916
Jul 2022 -4,078 5,799 1,721
Aug 2022 -3,270 5,799 2,529
Sep 2022 -2,458 5,799 3,341
End Of Year 2 of Loan
Oct 2022 -1,643 5,799 4,157
Nov 2022 -823 5,799 4,976
Dec 2022 0 5,799 5,799
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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