$74,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
3 Jan 2013 (2 years remaining)
Months
(2 years)
%

$30,160 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$77,201
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$74,000
Monthly Installment
$1,960.26 /month for 2 years (24 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$22,200 (30% of Car Price)
1st Installment
$1,960.26
Total Upfront Payment
$24,185.26

Loan Details

Total Loan
$51,800 Information
Total Interest
$2,646 Information
Total Sum Paid
$54,446 at the end of 2 years (24 months)

Other Car Financial Details

COE
$77,201 Information
ARF Paid
$30,160 Information
PARF Rebate
You get back $15,080 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$30,466 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 -42,651 31,385 -11,267
Mar 2021 -40,894 30,742 -10,153
Apr 2021 -39,128 30,098 -9,030
May 2021 -37,353 29,455 -7,898
Jun 2021 -35,569 28,811 -6,757
Jul 2021 -33,776 28,168 -5,608
Aug 2021 -31,975 27,525 -4,450
Sep 2021 -30,165 26,881 -3,283
Oct 2021 -28,345 26,238 -2,107
Nov 2021 -26,517 25,595 -923
Dec 2021 -24,681 24,951 271
Jan 2022 -22,835 24,308 1,473
End Of Year 1 of Loan
Feb 2022 -20,981 22,157 1,176
Mar 2022 -19,117 21,513 2,396
Apr 2022 -17,245 20,870 3,625
May 2022 -15,365 20,227 4,862
Jun 2022 -13,475 19,583 6,109
Jul 2022 -11,576 18,940 7,364
Aug 2022 -9,669 18,297 8,628
Sep 2022 -7,753 17,653 9,901
Oct 2022 -5,828 17,010 11,182
Nov 2022 -3,894 16,367 12,473
Dec 2022 -1,951 15,723 13,772
Jan 2023 0 15,080 15,080
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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