$32,500

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
9 Jun 2008 (2 years, 1 months remaining)
Months
(2 years, 1 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
$966.50 /month for 2 years, 1 months (25 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$9,750 (30% of Car Price)
1st Installment
$966.50
Total Upfront Payment
$10,741.50

Loan Details

Total Loan
$22,750 Information
Total Interest
$1,412 Information
Total Sum Paid
$24,162 at the end of 2 years, 1 months (25 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'.
Aug 2020 -21,892 10,344 -11,549
Sep 2020 -21,030 9,482 -11,548
Oct 2020 -20,163 9,482 -10,682
Nov 2020 -19,293 9,482 -9,811
Dec 2020 -18,417 9,482 -8,936
Jan 2021 -17,538 9,482 -8,056
Feb 2021 -16,654 9,482 -7,172
Mar 2021 -15,766 9,482 -6,284
Apr 2021 -14,873 9,482 -5,391
May 2021 -13,976 9,482 -4,494
Jun 2021 -13,075 9,482 -3,593
Jul 2021 -12,169 9,482 -2,687
End Of Year 1 of Loan
Aug 2021 -11,259 9,482 -1,777
Sep 2021 -10,345 8,620 -1,725
Oct 2021 -9,426 8,620 -806
Nov 2021 -8,503 8,620 117
Dec 2021 -7,576 8,620 1,044
Jan 2022 -6,644 8,620 1,976
Feb 2022 -5,708 8,620 2,912
Mar 2022 -4,767 8,620 3,852
Apr 2022 -3,823 8,620 4,797
May 2022 -2,873 8,620 5,746
Jun 2022 -1,920 8,620 6,700
Jul 2022 -962 8,620 7,657
End Of Year 2 of Loan
Aug 2022 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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