$54,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
20 Jan 2012 (1 years, 2 months remaining)
Months
(1 years, 2 months )
%

$32,160 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$67,889
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$54,000
Monthly Installment
$2,394.75 /month for 1 years, 2 months (14 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$16,200 (30% of Car Price)
1st Installment
$2,394.75
Total Upfront Payment
$18,619.75

Loan Details

Total Loan
$37,800 Information
Total Interest
$1,126 Information
Total Sum Paid
$38,926 at the end of 1 years, 2 months (14 months)

Other Car Financial Details

COE
$67,889 Information
ARF Paid
$32,160 Information
PARF Rebate
You get back $16,080 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$33,490 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'.
Jan 2022 -30,155 25,043 -5,113
Feb 2022 -27,900 24,477 -3,423
Mar 2022 -25,634 22,303 -3,331
Apr 2022 -23,357 21,737 -1,620
May 2022 -21,070 21,172 102
Jun 2022 -18,772 20,606 1,834
Jul 2022 -16,463 20,040 3,577
Aug 2022 -14,143 19,474 5,331
Sep 2022 -11,813 18,909 7,096
Oct 2022 -9,472 18,343 8,871
Nov 2022 -7,120 17,777 10,657
Dec 2022 -4,757 17,211 12,454
End Of Year 1 of Loan
Jan 2023 -2,384 16,646 14,262
Feb 2023 0 16,080 16,080
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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