BMW 3 Series 316i Sport (A)

$75,800

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Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

Car Price

Down Payment

of Car Price

Car Registration Date

15 Mar 2013 (1 years, 11 months remaining)

Loan Term

Months

(1 years, 11 months )

Interest Rate

OMV:

$33,900 Information

Based on this OMV and registration date, this car is eligible for minimum 30% down payment.

COE:

$65,001

Car Category:

PARF Car For car registered from March 2013, the minimum PARF rebate is 50% ARF.

(min PARF 50% of ARF)

Results

Financial Commitment

Car Price: $75,800
Monthly Installment: $2,090.33 /month for 1 years, 11 months (23 months)

Upfront Payment

Transfer Fee: $25
Down Payment: $22,740 (30% of Car Price)
1st Installment: $2,090.33
Total Upfront Payment: $24,855.33

Loan Details

Total Loan: $53,060
Total Interest: $2,598
Total Sum Paid: $55,658 at the end of 1 years, 11 months (23 months)

Other Car Financial Details

COE: $65,001
ARF Paid: $39,460
PARF Rebate: You get back $19,730 at the end of 10th year (PARF Rebate)
Annual Depreciation: $29,153

				Loan Redemption Amount			Paper/Deregistration Value
No	Month	Year	Paid so far The amount paid so far, consisting of desposit and total installment paid.	Outstanding Loan Outstanding loan amount owing to bank/financing company.	Interest Rebate The amount of interest rebate as a result of early settlement of loan. This is based on the Rule of 78.	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.	PARF Rebate Based on tiered rate of the Aditional Registration Fee (ARF). The ARF is based on the OMV of the vehicle.	COE Rebate Based on pro-rated value of the Quota Premium paid.	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'.	Remarks
1.	May	2021	24,830	45,987	2,381	-43,606	18,645	11,917	30,562	-13,044
2.	Jun	2021	26,921	43,897	2,174	-41,723	18,645	11,375	30,020	-11,703
3.	Jul	2021	29,011	41,807	1,976	-39,830	18,645	10,834	29,479	-10,352
4.	Aug	2021	31,101	39,716	1,788	-37,928	18,645	10,292	28,937	-8,991
5.	Sep	2021	33,192	37,626	1,609	-36,017	18,645	9,750	28,395	-7,621
6.	Oct	2021	35,282	35,536	1,440	-34,096	18,645	9,208	27,853	-6,242
7.	Nov	2021	37,372	33,445	1,280	-32,165	18,645	8,667	27,312	-4,854
8.	Dec	2021	39,463	31,355	1,129	-30,226	18,645	8,125	26,770	-3,455
9.	Jan	2022	41,553	29,265	988	-28,276	18,645	7,583	26,228	-2,048
10.	Feb	2022	43,643	27,174	856	-26,318	18,645	7,042	25,687	-631
11.	Mar	2022	45,734	25,084	734	-24,350	18,645	6,500	25,145	795	Break Even
12.	Apr	2022	47,824	22,994	621	-22,372	16,950	5,958	22,908	536
End Of Year 1 of Loan
13.	May	2022	49,914	20,903	518	-20,386	16,950	5,417	22,367	1,981
14.	Jun	2022	52,005	18,813	424	-18,389	16,950	4,875	21,825	3,436
15.	Jul	2022	54,095	16,723	339	-16,384	16,950	4,333	21,283	4,900
16.	Aug	2022	56,185	14,632	264	-14,369	16,950	3,792	20,742	6,373
17.	Sep	2022	58,276	12,542	198	-12,344	16,950	3,250	20,200	7,856
18.	Oct	2022	60,366	10,452	141	-10,310	16,950	2,708	19,658	9,348
19.	Nov	2022	62,456	8,361	94	-8,267	16,950	2,167	19,117	10,849
20.	Dec	2022	64,547	6,271	56	-6,215	16,950	1,625	18,575	12,360
21.	Jan	2023	66,637	4,181	28	-4,152	16,950	1,083	18,033	13,881
22.	Feb	2023	68,727	2,090	9	-2,081	16,950	542	17,492	15,411
23.	Mar	2023	70,818	0	0	0	16,950	0	16,950	16,950	Loan Fully Paid

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'.
May	2021	-43,606	30,562	-13,044
Jun	2021	-41,723	30,020	-11,703
Jul	2021	-39,830	29,479	-10,352
Aug	2021	-37,928	28,937	-8,991
Sep	2021	-36,017	28,395	-7,621
Oct	2021	-34,096	27,853	-6,242
Nov	2021	-32,165	27,312	-4,854
Dec	2021	-30,226	26,770	-3,455
Jan	2022	-28,276	26,228	-2,048
Feb	2022	-26,318	25,687	-631
Mar	2022	-24,350	25,145	795
Apr	2022	-22,372	22,908	536
End Of Year 1 of Loan
May	2022	-20,386	22,367	1,981
Jun	2022	-18,389	21,825	3,436
Jul	2022	-16,384	21,283	4,900
Aug	2022	-14,369	20,742	6,373
Sep	2022	-12,344	20,200	7,856
Oct	2022	-10,310	19,658	9,348
Nov	2022	-8,267	19,117	10,849
Dec	2022	-6,215	18,575	12,360
Jan	2023	-4,152	18,033	13,881
Feb	2023	-2,081	17,492	15,411
Mar	2023	0	16,950	16,950

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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