$24,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
30 Jul 2009 (1 years, 7 months remaining)
Months
(1 years, 7 months )
%

$30,301 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$7,552
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$24,000
Monthly Installment
$793.65 /month for 1 years, 7 months (19 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$7,200 (30% of Car Price)
1st Installment
$793.65
Total Upfront Payment
$8,018.65

Loan Details

Total Loan
$16,800 Information
Total Interest
$679 Information
Total Sum Paid
$17,479 at the end of 1 years, 7 months (19 months)

Other Car Financial Details

COE
$7,552 Information
ARF Paid
$30,301 Information
PARF Rebate
You get back $15,151 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
- 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'.
Feb 2021 -13,674 17,798 4,124
Mar 2021 -12,945 17,735 4,790
Apr 2021 -12,212 17,672 5,460
May 2021 -11,476 17,610 6,134
Jun 2021 -10,736 17,547 6,811
Jul 2021 -9,992 17,484 7,492
Aug 2021 -9,245 17,421 8,176
Sep 2021 -8,494 15,843 7,349
Oct 2021 -7,740 15,780 8,040
Nov 2021 -6,982 15,717 8,735
Dec 2021 -6,221 15,654 9,433
Jan 2022 -5,455 15,591 10,136
End Of Year 1 of Loan
Feb 2022 -4,687 15,528 10,841
Mar 2022 -3,915 15,465 11,551
Apr 2022 -3,139 15,402 12,263
May 2022 -2,360 15,339 12,980
Jun 2022 -1,577 15,276 13,700
Jul 2022 -790 15,213 14,423
Aug 2022 0 15,151 15,151
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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