$32,500

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
9 Jun 2008 (1 years, 5 months remaining)
Months
(1 years, 5 months )
%

$15,672 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
$32,500
Monthly Installment
$1,394.73 /month for 1 years, 5 months (17 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$9,750 (30% of Car Price)
1st Installment
$1,394.73
Total Upfront Payment
$11,169.73

Loan Details

Total Loan
$22,750 Information
Total Interest
$960 Information
Total Sum Paid
$23,710 at the end of 1 years, 5 months (17 months)

Other Car Financial Details

COE
$0 Information
ARF Paid
$15,672 Information
PARF Rebate
You get back $7,836 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$6,500 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'.
Dec 2019 -21,462 9,482 -11,980
Jan 2020 -20,168 9,482 -10,686
Feb 2020 -18,867 9,482 -9,386
Mar 2020 -17,560 9,482 -8,079
Apr 2020 -16,247 9,482 -6,766
May 2020 -14,928 8,620 -6,308
Jun 2020 -13,602 8,620 -4,982
Jul 2020 -12,270 8,620 -3,651
Aug 2020 -10,932 8,620 -2,312
Sep 2020 -9,587 8,620 -968
Oct 2020 -8,237 8,620 383
Nov 2020 -6,879 8,620 1,740
End Of Year 1 of Loan
Dec 2020 -5,516 8,620 3,103
Jan 2021 -4,147 8,620 4,473
Feb 2021 -2,771 8,620 5,849
Mar 2021 -1,388 8,620 7,231
Apr 2021 0 8,620 8,620
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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