$48,500

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
29 Apr 2010 (1 years, 1 months remaining)
Months
(1 years, 1 months )
%

$29,711 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$40,001
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$48,500
Monthly Installment
$2,310.73 /month for 1 years, 1 months (13 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$14,550 (30% of Car Price)
1st Installment
$2,310.73
Total Upfront Payment
$16,885.73

Loan Details

Total Loan
$33,950 Information
Total Interest
$939 Information
Total Sum Paid
$34,889 at the end of 1 years, 1 months (13 months)

Other Car Financial Details

COE
$40,001 Information
ARF Paid
$29,711 Information
PARF Rebate
You get back $14,856 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'.
Jun 2021 -26,923 20,341 -6,582
Jul 2021 -24,737 18,522 -6,214
Aug 2021 -22,539 18,189 -4,351
Sep 2021 -20,332 17,856 -2,476
Oct 2021 -18,114 17,522 -592
Nov 2021 -15,886 17,189 1,303
Dec 2021 -13,648 16,856 3,208
Jan 2022 -11,399 16,522 5,123
Feb 2022 -9,140 16,189 7,049
Mar 2022 -6,870 15,856 8,985
Apr 2022 -4,590 15,522 10,932
May 2022 -2,300 15,189 12,888
End Of Year 1 of Loan
Jun 2022 0 14,856 14,856
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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