$19,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
11 Oct 2006 (2 years remaining)
Months
(2 years)
%

$17,857
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$24,044
Commercial  

Results

Financial Commitment

Car Price
$19,800
Monthly Installment
$611.92 /month for 2 years (24 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$5,940 (30% of Car Price)
1st Installment
$611.92
Total Upfront Payment
$6,576.92

Loan Details

Total Loan
$13,860 Information
Total Interest
$826 Information
Total Sum Paid
$14,686 at the end of 2 years (24 months)

Other Car Financial Details

COE
$24,044 Information
ARF Paid
$19,643 Information
PARF Rebate
You get back $9,821 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$10,187 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 2019 -13,314 4,608 -8,706
Nov 2019 -12,766 4,408 -8,358
Dec 2019 -12,214 4,208 -8,007
Jan 2020 -11,660 4,007 -7,653
Feb 2020 -11,103 3,807 -7,296
Mar 2020 -10,544 3,607 -6,937
Apr 2020 -9,981 3,406 -6,575
May 2020 -9,416 3,206 -6,210
Jun 2020 -8,848 3,006 -5,843
Jul 2020 -8,278 2,805 -5,473
Aug 2020 -7,704 2,605 -5,100
Sep 2020 -7,128 2,404 -4,724
End Of Year 1 of Loan
Oct 2020 -6,549 2,204 -4,345
Nov 2020 -5,968 2,004 -3,964
Dec 2020 -5,383 1,803 -3,580
Jan 2021 -4,796 1,603 -3,193
Feb 2021 -4,206 1,403 -2,804
Mar 2021 -3,614 1,202 -2,411
Apr 2021 -3,018 1,002 -2,016
May 2021 -2,420 801 -1,619
Jun 2021 -1,819 601 -1,218
Jul 2021 -1,216 401 -815
Aug 2021 -609 200 -409
Sep 2021 0 0 0
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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