$28,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
12 Dec 2008 (1 years, 7 months remaining)
Months
(1 years, 7 months )
%

-
COE Car  

Results

Financial Commitment

Car Price
$28,800
Monthly Installment
$1,111.12 /month for 1 years, 7 months (19 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$8,640 (30% of Car Price)
1st Installment
$1,111.12
Total Upfront Payment
$9,776.12

Loan Details

Total Loan
$20,160 Information
Total Interest
$951 Information
Total Sum Paid
$21,111 at the end of 1 years, 7 months (19 months)

Other Car Financial Details

COE
$0 Information
ARF Paid
$12,602 Information
PARF Rebate
You get back $6,301 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$1,397 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'.
Aug 2020 -19,144 0 -19,144
Sep 2020 -18,123 0 -18,123
Oct 2020 -17,097 0 -17,097
Nov 2020 -16,066 0 -16,066
Dec 2020 -15,030 0 -15,030
Jan 2021 -13,989 0 -13,989
Feb 2021 -12,943 0 -12,943
Mar 2021 -11,892 0 -11,892
Apr 2021 -10,836 0 -10,836
May 2021 -9,775 0 -9,775
Jun 2021 -8,709 0 -8,709
Jul 2021 -7,638 0 -7,638
End Of Year 1 of Loan
Aug 2021 -6,562 0 -6,562
Sep 2021 -5,480 0 -5,480
Oct 2021 -4,394 0 -4,394
Nov 2021 -3,303 0 -3,303
Dec 2021 -2,207 0 -2,207
Jan 2022 -1,106 0 -1,106
Feb 2022 0 0 0
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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