$31,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
14 Nov 2008 (2 years, 9 months remaining)
Months
(2 years, 9 months )
%

$15,989 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
$31,800
Monthly Installment
$729.82 /month for 2 years, 9 months (33 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$9,540 (30% of Car Price)
1st Installment
$729.82
Total Upfront Payment
$10,294.82

Loan Details

Total Loan
$22,260 Information
Total Interest
$1,824 Information
Total Sum Paid
$24,084 at the end of 2 years, 9 months (33 months)

Other Car Financial Details

COE
$0 Information
ARF Paid
$15,989 Information
PARF Rebate
You get back $7,995 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$6,360 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'.
Sep 2021 -21,637 10,553 -11,085
Oct 2021 -21,012 10,553 -10,459
Nov 2021 -20,383 10,553 -9,830
Dec 2021 -19,750 10,553 -9,198
Jan 2022 -19,115 10,553 -8,562
Feb 2022 -18,476 10,553 -7,923
Mar 2022 -17,834 10,553 -7,281
Apr 2022 -17,189 10,553 -6,636
May 2022 -16,540 10,553 -5,988
Jun 2022 -15,888 9,673 -6,215
Jul 2022 -15,233 9,673 -5,560
Aug 2022 -14,575 9,673 -4,902
End Of Year 1 of Loan
Sep 2022 -13,914 9,673 -4,240
Oct 2022 -13,249 9,673 -3,575
Nov 2022 -12,581 9,673 -2,907
Dec 2022 -11,910 9,673 -2,236
Jan 2023 -11,235 9,673 -1,562
Feb 2023 -10,557 9,673 -884
Mar 2023 -9,876 9,673 -203
Apr 2023 -9,192 9,673 482
May 2023 -8,504 9,673 1,169
Jun 2023 -7,813 8,794 980
Jul 2023 -7,119 8,794 1,675
Aug 2023 -6,422 8,794 2,372
End Of Year 2 of Loan
Sep 2023 -5,722 8,794 3,072
Oct 2023 -5,018 8,794 3,776
Nov 2023 -4,311 8,794 4,483
Dec 2023 -3,600 8,794 5,194
Jan 2024 -2,887 8,794 5,907
Feb 2024 -2,170 8,794 6,624
Mar 2024 -1,450 8,794 7,344
Apr 2024 -727 8,794 8,067
May 2024 0 8,794 8,794
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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