$49,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
1 Aug 2013 (2 years, 10 months remaining)
Months
(2 years, 10 months )
%

$15,897 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$67,301
PARF Car  (min PARF 50% of ARF)

Results

Financial Commitment

Car Price
$49,800
Monthly Installment
$1,111.86 /month for 2 years, 10 months (34 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$14,940 (30% of Car Price)
1st Installment
$1,111.86
Total Upfront Payment
$16,076.86

Loan Details

Total Loan
$34,860 Information
Total Interest
$2,943 Information
Total Sum Paid
$37,803 at the end of 2 years, 10 months (34 months)

Other Car Financial Details

COE
$67,301 Information
ARF Paid
$15,897 Information
PARF Rebate
You get back $7,949 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$14,677 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'.
Oct 2020 -33,916 28,046 -5,870
Nov 2020 -32,968 27,485 -5,483
Dec 2020 -32,014 26,924 -5,090
Jan 2021 -31,056 26,363 -4,692
Feb 2021 -30,092 25,803 -4,290
Mar 2021 -29,124 25,242 -3,882
Apr 2021 -28,150 24,681 -3,469
May 2021 -27,172 24,120 -3,052
Jun 2021 -26,189 23,559 -2,630
Jul 2021 -25,201 22,998 -2,202
Aug 2021 -24,208 21,643 -2,565
Sep 2021 -23,209 21,082 -2,128
End Of Year 1 of Loan
Oct 2021 -22,206 20,521 -1,685
Nov 2021 -21,198 19,960 -1,238
Dec 2021 -20,186 19,399 -786
Jan 2022 -19,168 18,839 -329
Feb 2022 -18,145 18,278 133
Mar 2022 -17,117 17,717 600
Apr 2022 -16,084 17,156 1,072
May 2022 -15,047 16,595 1,548
Jun 2022 -14,004 16,034 2,030
Jul 2022 -12,957 15,473 2,517
Aug 2022 -11,904 14,118 2,214
Sep 2022 -10,847 13,557 2,710
End Of Year 2 of Loan
Oct 2022 -9,784 12,996 3,212
Nov 2022 -8,717 12,435 3,718
Dec 2022 -7,645 11,874 4,230
Jan 2023 -6,567 11,314 4,746
Feb 2023 -5,485 10,753 5,268
Mar 2023 -4,398 10,192 5,794
Apr 2023 -3,306 9,631 6,325
May 2023 -2,209 9,070 6,861
Jun 2023 -1,107 8,509 7,402
Jul 2023 0 7,949 7,949
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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