$61,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
1 Dec 2015 (6 years, 7 months remaining)
Months
(6 years, 7 months )
%

$18,904 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$55,399
PARF Car  (min PARF 50% of ARF)

Results

Financial Commitment

Car Price
$61,000
Monthly Installment
$646.54 /month for 6 years, 7 months (79 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$18,300 (30% of Car Price)
1st Installment
$646.54
Total Upfront Payment
$18,971.54

Loan Details

Total Loan
$42,700 Information
Total Interest
$8,377 Information
Total Sum Paid
$51,077 at the end of 6 years, 7 months (79 months)

Other Car Financial Details

COE
$55,399 Information
ARF Paid
$18,904 Information
PARF Rebate
You get back $9,452 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$7,795 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 2019 -42,263 50,187 7,924
Jun 2019 -41,823 49,726 7,903
Jul 2019 -41,381 49,264 7,883
Aug 2019 -40,936 48,802 7,867
Sep 2019 -40,488 48,341 7,853
Oct 2019 -40,038 47,879 7,842
Nov 2019 -39,584 47,417 7,833
Dec 2019 -39,129 46,956 7,827
Jan 2020 -38,670 46,494 7,824
Feb 2020 -38,210 46,032 7,823
Mar 2020 -37,746 45,571 7,825
Apr 2020 -37,280 45,109 7,829
End Of Year 1 of Loan
May 2020 -36,811 44,647 7,837
Jun 2020 -36,339 44,186 7,847
Jul 2020 -35,865 43,724 7,859
Aug 2020 -35,388 43,262 7,874
Sep 2020 -34,908 42,801 7,892
Oct 2020 -34,426 42,339 7,913
Nov 2020 -33,941 41,878 7,936
Dec 2020 -33,454 40,471 7,017
Jan 2021 -32,964 40,009 7,045
Feb 2021 -32,471 39,547 7,076
Mar 2021 -31,976 39,086 7,110
Apr 2021 -31,477 38,624 7,147
End Of Year 2 of Loan
May 2021 -30,977 38,162 7,186
Jun 2021 -30,473 37,701 7,227
Jul 2021 -29,967 37,239 7,272
Aug 2021 -29,459 36,777 7,319
Sep 2021 -28,947 36,316 7,368
Oct 2021 -28,433 35,854 7,421
Nov 2021 -27,917 35,392 7,476
Dec 2021 -27,397 33,986 6,588
Jan 2022 -26,875 33,524 6,649
Feb 2022 -26,351 33,062 6,711
Mar 2022 -25,824 32,601 6,777
Apr 2022 -25,294 32,139 6,845
End Of Year 3 of Loan
May 2022 -24,761 31,677 6,916
Jun 2022 -24,226 31,216 6,990
Jul 2022 -23,688 30,754 7,066
Aug 2022 -23,147 30,292 7,145
Sep 2022 -22,604 29,831 7,226
Oct 2022 -22,059 29,369 7,310
Nov 2022 -21,510 28,907 7,397
Dec 2022 -20,959 27,500 6,541
Jan 2023 -20,405 27,039 6,634
Feb 2023 -19,849 26,577 6,728
Mar 2023 -19,290 26,115 6,826
Apr 2023 -18,728 25,654 6,926
End Of Year 4 of Loan
May 2023 -18,164 25,192 7,029
Jun 2023 -17,597 24,730 7,134
Jul 2023 -17,027 24,269 7,242
Aug 2023 -16,455 23,807 7,353
Sep 2023 -15,880 23,346 7,466
Oct 2023 -15,302 22,884 7,582
Nov 2023 -14,722 22,422 7,700
Dec 2023 -14,139 21,015 6,876
Jan 2024 -13,553 20,554 7,000
Feb 2024 -12,965 20,092 7,127
Mar 2024 -12,374 19,630 7,256
Apr 2024 -11,781 19,169 7,388
End Of Year 5 of Loan
May 2024 -11,184 18,707 7,523
Jun 2024 -10,586 18,245 7,660
Jul 2024 -9,984 17,784 7,800
Aug 2024 -9,380 17,322 7,942
Sep 2024 -8,773 16,860 8,087
Oct 2024 -8,164 16,399 8,235
Nov 2024 -7,552 15,937 8,385
Dec 2024 -6,937 14,530 7,593
Jan 2025 -6,320 14,069 7,749
Feb 2025 -5,700 13,607 7,907
Mar 2025 -5,077 13,145 8,068
Apr 2025 -4,452 12,684 8,232
End Of Year 6 of Loan
May 2025 -3,824 12,222 8,398
Jun 2025 -3,193 11,760 8,567
Jul 2025 -2,560 11,299 8,739
Aug 2025 -1,924 10,837 8,913
Sep 2025 -1,285 10,375 9,090
Oct 2025 -644 9,914 9,270
Nov 2025 0 9,452 9,452
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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