$53,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
17 Sep 2009 (1 years, 4 months remaining)
Months
(1 years, 4 months )
%

$72,432 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$19,629
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$53,800
Monthly Installment
$2,097.66 /month for 1 years, 4 months (16 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$16,140 (30% of Car Price)
1st Installment
$2,097.66
Total Upfront Payment
$18,262.66

Loan Details

Total Loan
$37,660 Information
Total Interest
$1,283 Information
Total Sum Paid
$38,943 at the end of 1 years, 4 months (16 months)

Other Car Financial Details

COE
$19,629 Information
ARF Paid
$72,432 Information
PARF Rebate
You get back $36,216 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 -30,333 42,291 11,958
Mar 2021 -28,377 42,128 13,751
Apr 2021 -26,411 41,964 15,553
May 2021 -24,436 41,801 17,364
Jun 2021 -22,452 38,015 15,563
Jul 2021 -20,458 37,852 17,394
Aug 2021 -18,455 37,688 19,234
Sep 2021 -16,442 37,525 21,083
Oct 2021 -14,420 37,361 22,941
Nov 2021 -12,388 37,197 24,810
Dec 2021 -10,347 37,034 26,687
Jan 2022 -8,296 36,870 28,574
End Of Year 1 of Loan
Feb 2022 -6,236 36,707 30,470
Mar 2022 -4,167 36,543 32,376
Apr 2022 -2,088 36,380 34,291
May 2022 0 36,216 36,216
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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