$38,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
10 Apr 2012 (1 years, 2 months remaining)
Months
(1 years, 2 months )
%

$19,656 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$56,501
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$38,800
Monthly Installment
$2,007.45 /month for 1 years, 2 months (14 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$11,640 (30% of Car Price)
1st Installment
$2,007.45
Total Upfront Payment
$13,672.45

Loan Details

Total Loan
$27,160 Information
Total Interest
$944 Information
Total Sum Paid
$28,104 at the end of 1 years, 2 months (14 months)

Other Car Financial Details

COE
$56,501 Information
ARF Paid
$19,656 Information
PARF Rebate
You get back $9,828 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$26,082 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'.
Mar 2021 -25,278 16,932 -8,347
Apr 2021 -23,388 16,461 -6,927
May 2021 -21,488 15,007 -6,481
Jun 2021 -19,580 14,536 -5,043
Jul 2021 -17,662 14,066 -3,597
Aug 2021 -15,736 13,595 -2,141
Sep 2021 -13,800 13,124 -676
Oct 2021 -11,856 12,653 797
Nov 2021 -9,902 12,182 2,280
Dec 2021 -7,940 11,711 3,772
Jan 2022 -5,968 11,241 5,272
Feb 2022 -3,988 10,770 6,782
End Of Year 1 of Loan
Mar 2022 -1,998 10,299 8,300
Apr 2022 0 9,828 9,828
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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