$48,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
6 Jul 2009 (0 years, 3 months remaining)
Months
(0 years, 3 months )
%

$59,495 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$15,100
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$48,000
Monthly Installment
$9,671.52 /month for 0 years, 3 months (3 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$14,400 (30% of Car Price)
1st Installment
$9,671.52
Total Upfront Payment
$24,096.52

Loan Details

Total Loan
$33,600 Information
Total Interest
$215 Information
Total Sum Paid
$33,815 at the end of 0 years, 3 months (3 months)

Other Car Financial Details

COE
$15,100 Information
ARF Paid
$59,495 Information
PARF Rebate
You get back $29,748 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'.
Nov 2019 -19,236 29,999 10,763
Dec 2019 -9,636 29,873 20,238
Jan 2020 0 29,748 29,748
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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