$62,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
21 Aug 2008 (2 years, 4 months remaining)
Months
(2 years, 4 months )
%

$33,450 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
-
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$62,800
Monthly Installment
$1,439.29 /month for 2 years, 4 months (28 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$18,840 (30% of Car Price)
1st Installment
$1,439.29
Total Upfront Payment
$20,304.29

Loan Details

Total Loan
$43,960 Information
Total Interest
$2,620 Information
Total Sum Paid
$46,580 at the end of 2 years, 4 months (28 months)

Other Car Financial Details

COE
$0 Information
ARF Paid
$33,450 Information
PARF Rebate
You get back $16,725 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$6,280 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 -36,421 22,077 -14,344
Feb 2022 -35,156 22,077 -13,079
Mar 2022 -33,885 22,077 -11,808
Apr 2022 -32,607 22,077 -10,530
May 2022 -31,322 20,237 -11,085
Jun 2022 -30,032 20,237 -9,794
Jul 2022 -28,734 20,237 -8,497
Aug 2022 -27,431 20,237 -7,193
Sep 2022 -26,120 20,237 -5,883
Oct 2022 -24,804 20,237 -4,566
Nov 2022 -23,481 20,237 -3,243
Dec 2022 -22,151 20,237 -1,914
End Of Year 1 of Loan
Jan 2023 -20,815 20,237 -578
Feb 2023 -19,472 20,237 765
Mar 2023 -18,123 20,237 2,114
Apr 2023 -16,768 20,237 3,469
May 2023 -15,406 18,398 2,991
Jun 2023 -14,038 18,398 4,360
Jul 2023 -12,663 18,398 5,734
Aug 2023 -11,282 18,398 7,116
Sep 2023 -9,894 18,398 8,503
Oct 2023 -8,500 18,398 9,897
Nov 2023 -7,100 18,398 11,298
Dec 2023 -5,693 18,398 12,705
End Of Year 2 of Loan
Jan 2024 -4,279 18,398 14,118
Feb 2024 -2,859 18,398 15,538
Mar 2024 -1,433 18,398 16,965
Apr 2024 0 18,398 18,398
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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