$63,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

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

$30,273 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
$63,800
Monthly Installment
$1,462.20 /month for 2 years, 4 months (28 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$19,140 (30% of Car Price)
1st Installment
$1,462.20
Total Upfront Payment
$20,627.20

Loan Details

Total Loan
$44,660 Information
Total Interest
$2,662 Information
Total Sum Paid
$47,322 at the end of 2 years, 4 months (28 months)

Other Car Financial Details

COE
$0 Information
ARF Paid
$30,273 Information
PARF Rebate
You get back $15,137 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$6,380 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 -37,001 19,980 -17,021
Feb 2022 -35,716 19,980 -15,736
Mar 2022 -34,424 19,980 -14,444
Apr 2022 -33,126 19,980 -13,146
May 2022 -31,821 18,315 -13,506
Jun 2022 -30,510 18,315 -12,195
Jul 2022 -29,192 18,315 -10,877
Aug 2022 -27,867 18,315 -9,552
Sep 2022 -26,536 18,315 -8,221
Oct 2022 -25,199 18,315 -6,883
Nov 2022 -23,854 18,315 -5,539
Dec 2022 -22,504 18,315 -4,188
End Of Year 1 of Loan
Jan 2023 -21,146 18,315 -2,831
Feb 2023 -19,782 18,315 -1,467
Mar 2023 -18,412 18,315 -97
Apr 2023 -17,035 18,315 1,280
May 2023 -15,652 16,650 999
Jun 2023 -14,261 16,650 2,389
Jul 2023 -12,865 16,650 3,785
Aug 2023 -11,462 16,650 5,189
Sep 2023 -10,052 16,650 6,598
Oct 2023 -8,636 16,650 8,015
Nov 2023 -7,213 16,650 9,437
Dec 2023 -5,783 16,650 10,867
End Of Year 2 of Loan
Jan 2024 -4,347 16,650 12,303
Feb 2024 -2,905 16,650 13,745
Mar 2024 -1,456 16,650 15,195
Apr 2024 0 16,650 16,650
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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