$61,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
24 Oct 2011 (1 years, 4 months remaining)
Months
(1 years, 4 months )
%

$31,019 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$51,000
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$61,800
Monthly Installment
$2,409.58 /month for 1 years, 4 months (16 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$18,540 (30% of Car Price)
1st Installment
$2,409.58
Total Upfront Payment
$20,974.58

Loan Details

Total Loan
$43,260 Information
Total Interest
$1,473 Information
Total Sum Paid
$44,733 at the end of 1 years, 4 months (16 months)

Other Car Financial Details

COE
$51,000 Information
ARF Paid
$31,019 Information
PARF Rebate
You get back $15,510 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$33,402 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'.
Jul 2020 -34,844 23,435 -11,408
Aug 2020 -32,597 23,010 -9,586
Sep 2020 -30,339 22,585 -7,753
Oct 2020 -28,070 22,160 -5,910
Nov 2020 -25,790 20,185 -5,606
Dec 2020 -23,500 19,760 -3,740
Jan 2021 -21,199 19,335 -1,864
Feb 2021 -18,887 18,910 23
Mar 2021 -16,564 18,485 1,921
Apr 2021 -14,230 18,060 3,830
May 2021 -11,885 17,635 5,749
Jun 2021 -9,530 17,210 7,680
End Of Year 1 of Loan
Jul 2021 -7,164 16,785 9,621
Aug 2021 -4,787 16,360 11,573
Sep 2021 -2,399 15,935 13,536
Oct 2021 0 15,510 15,510
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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