$28,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
27 Aug 2009 (1 years, 8 months remaining)
Months
(1 years, 8 months )
%

$36,987 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
$28,800
Monthly Installment
$906.91 /month for 1 years, 8 months (20 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$8,640 (30% of Car Price)
1st Installment
$906.91
Total Upfront Payment
$9,571.91

Loan Details

Total Loan
$20,160 Information
Total Interest
$858 Information
Total Sum Paid
$21,018 at the end of 1 years, 8 months (20 months)

Other Car Financial Details

COE
$0 Information
ARF Paid
$36,987 Information
PARF Rebate
You get back $18,494 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'.
May 2021 -16,455 20,343 3,888
Jun 2021 -15,626 20,343 4,717
Jul 2021 -14,792 20,343 5,551
Aug 2021 -13,955 20,343 6,388
Sep 2021 -13,113 20,343 7,230
Oct 2021 -12,268 20,343 8,075
Nov 2021 -11,418 20,343 8,925
Dec 2021 -10,564 20,343 9,779
Jan 2022 -9,706 18,494 8,787
Feb 2022 -8,844 18,494 9,649
Mar 2022 -7,978 18,494 10,515
Apr 2022 -7,108 18,494 11,385
End Of Year 1 of Loan
May 2022 -6,234 18,494 12,260
Jun 2022 -5,356 18,494 13,138
Jul 2022 -4,473 18,494 14,020
Aug 2022 -3,587 18,494 14,907
Sep 2022 -2,696 18,494 15,797
Oct 2022 -1,802 18,494 16,692
Nov 2022 -903 18,494 17,591
Dec 2022 0 18,494 18,494
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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