$48,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
6 Jul 2009 (1 years, 7 months remaining)
Months
(1 years, 7 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
$1,587.31 /month for 1 years, 7 months (19 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$14,400 (30% of Car Price)
1st Installment
$1,587.31
Total Upfront Payment
$16,012.31

Loan Details

Total Loan
$33,600 Information
Total Interest
$1,359 Information
Total Sum Paid
$34,959 at the end of 1 years, 7 months (19 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'.
Feb 2021 -27,349 34,987 7,639
Mar 2021 -25,890 34,861 8,971
Apr 2021 -24,424 34,736 10,311
May 2021 -22,951 34,610 11,658
Jun 2021 -21,471 34,484 13,013
Jul 2021 -19,984 34,358 14,374
Aug 2021 -18,490 34,232 15,742
Sep 2021 -16,988 31,132 14,143
Oct 2021 -15,480 31,006 15,526
Nov 2021 -13,964 30,880 16,916
Dec 2021 -12,441 30,754 18,313
Jan 2022 -10,911 30,628 19,717
End Of Year 1 of Loan
Feb 2022 -9,374 30,503 21,129
Mar 2022 -7,829 30,377 22,547
Apr 2022 -6,278 30,251 23,973
May 2022 -4,719 30,125 25,406
Jun 2022 -3,153 29,999 26,846
Jul 2022 -1,580 29,873 28,293
Aug 2022 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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