$61,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
24 Oct 2011 (2 years remaining)
Months
(2 years)
%

$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
$1,637.08 /month for 2 years (24 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$18,540 (30% of Car Price)
1st Installment
$1,637.08
Total Upfront Payment
$20,202.08

Loan Details

Total Loan
$43,260 Information
Total Interest
$2,210 Information
Total Sum Paid
$45,470 at the end of 2 years (24 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
$22,957 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'.
Nov 2019 -35,620 26,835 -8,784
Dec 2019 -34,152 26,410 -7,742
Jan 2020 -32,677 25,985 -6,692
Feb 2020 -31,195 25,560 -5,634
Mar 2020 -29,705 25,135 -4,569
Apr 2020 -28,208 24,710 -3,497
May 2020 -26,703 24,285 -2,418
Jun 2020 -25,191 23,860 -1,331
Jul 2020 -23,672 23,435 -237
Aug 2020 -22,146 23,010 865
Sep 2020 -20,612 22,585 1,974
Oct 2020 -19,070 22,160 3,090
End Of Year 1 of Loan
Nov 2020 -17,522 20,185 2,663
Dec 2020 -15,966 19,760 3,794
Jan 2021 -14,402 19,335 4,932
Feb 2021 -12,831 18,910 6,078
Mar 2021 -11,253 18,485 7,231
Apr 2021 -9,668 18,060 8,392
May 2021 -8,075 17,635 9,560
Jun 2021 -6,475 17,210 10,735
Jul 2021 -4,867 16,785 11,917
Aug 2021 -3,252 16,360 13,107
Sep 2021 -1,630 15,935 14,305
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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