$57,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
1 Jul 2011 (1 years remaining)
Months
(1 years)
%

$44,376 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$67,700
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$57,800
Monthly Installment
$2,976.12 /month for 1 years (12 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$17,340 (30% of Car Price)
1st Installment
$2,976.12
Total Upfront Payment
$20,341.12

Loan Details

Total Loan
$40,460 Information
Total Interest
$1,033 Information
Total Sum Paid
$41,493 at the end of 1 years (12 months)

Other Car Financial Details

COE
$67,700 Information
ARF Paid
$44,376 Information
PARF Rebate
You get back $22,188 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$36,290 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 -31,863 28,394 -3,469
Sep 2020 -29,032 27,830 -1,203
Oct 2020 -26,189 27,266 1,077
Nov 2020 -23,332 26,701 3,369
Dec 2020 -20,462 26,137 5,675
Jan 2021 -17,578 25,573 7,995
Feb 2021 -14,682 25,009 10,327
Mar 2021 -11,772 24,445 12,673
Apr 2021 -8,849 23,881 15,032
May 2021 -5,912 23,316 17,404
Jun 2021 -2,963 22,752 19,789
Jul 2021 0 22,188 22,188
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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