$29,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
26 Jun 2009 (1 years, 6 months remaining)
Months
(1 years, 6 months )
%

$41,060 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$7,789
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$29,800
Monthly Installment
$1,037.74 /month for 1 years, 6 months (18 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$8,940 (30% of Car Price)
1st Installment
$1,037.74
Total Upfront Payment
$10,002.74

Loan Details

Total Loan
$20,860 Information
Total Interest
$799 Information
Total Sum Paid
$21,659 at the end of 1 years, 6 months (18 months)

Other Car Financial Details

COE
$7,789 Information
ARF Paid
$41,060 Information
PARF Rebate
You get back $20,530 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'.
Jan 2022 -16,926 23,686 6,760
Feb 2022 -15,968 23,622 7,653
Mar 2022 -15,005 23,557 8,551
Apr 2022 -14,038 23,492 9,454
May 2022 -13,065 23,427 10,362
Jun 2022 -12,088 23,362 11,274
Jul 2022 -11,107 21,244 10,137
Aug 2022 -10,120 21,179 11,059
Sep 2022 -9,129 21,114 11,985
Oct 2022 -8,134 21,049 12,916
Nov 2022 -7,133 20,984 13,851
Dec 2022 -6,128 20,919 14,791
End Of Year 1 of Loan
Jan 2023 -5,119 20,855 15,736
Feb 2023 -4,104 20,790 16,685
Mar 2023 -3,085 20,725 17,640
Apr 2023 -2,061 20,660 18,598
May 2023 -1,033 20,595 19,562
Jun 2023 0 20,530 20,530
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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