$61,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
24 Oct 2011 (1 years, 2 months remaining)
Months
(1 years, 2 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
$2,740.65 /month for 1 years, 2 months (14 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$18,540 (30% of Car Price)
1st Installment
$2,740.65
Total Upfront Payment
$21,305.65

Loan Details

Total Loan
$43,260 Information
Total Interest
$1,289 Information
Total Sum Paid
$44,549 at the end of 1 years, 2 months (14 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
$38,423 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'.
Sep 2020 -34,511 22,585 -11,926
Oct 2020 -31,930 22,160 -9,770
Nov 2020 -29,337 20,185 -9,152
Dec 2020 -26,731 19,760 -6,972
Jan 2021 -24,113 19,335 -4,779
Feb 2021 -21,483 18,910 -2,574
Mar 2021 -18,841 18,485 -356
Apr 2021 -16,186 18,060 1,873
May 2021 -13,519 17,635 4,115
Jun 2021 -10,840 17,210 6,370
Jul 2021 -8,148 16,785 8,636
Aug 2021 -5,444 16,360 10,915
End Of Year 1 of Loan
Sep 2021 -2,728 15,935 13,206
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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