$55,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
13 Feb 2015 (4 years, 5 months remaining)
Months
(4 years, 5 months )
%

$15,430 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$62,002
PARF Car  (min PARF 50% of ARF)

Results

Financial Commitment

Car Price
$55,800
Monthly Installment
$833.98 /month for 4 years, 5 months (53 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$16,740 (30% of Car Price)
1st Installment
$833.98
Total Upfront Payment
$17,598.98

Loan Details

Total Loan
$39,060 Information
Total Interest
$5,141 Information
Total Sum Paid
$44,201 at the end of 4 years, 5 months (53 months)

Other Car Financial Details

COE
$62,002 Information
ARF Paid
$15,430 Information
PARF Rebate
You get back $7,715 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$11,170 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'.
Nov 2020 -38,416 37,669 -748
Dec 2020 -37,769 37,152 -617
Jan 2021 -37,118 36,635 -483
Feb 2021 -36,464 36,118 -346
Mar 2021 -35,806 35,602 -204
Apr 2021 -35,145 34,314 -831
May 2021 -34,480 33,797 -683
Jun 2021 -33,811 33,280 -531
Jul 2021 -33,138 32,764 -375
Aug 2021 -32,463 32,247 -216
Sep 2021 -31,783 31,730 -53
Oct 2021 -31,100 31,214 114
End Of Year 1 of Loan
Nov 2021 -30,413 30,697 284
Dec 2021 -29,723 30,180 457
Jan 2022 -29,029 29,663 634
Feb 2022 -28,332 29,147 815
Mar 2022 -27,631 28,630 999
Apr 2022 -26,926 27,342 416
May 2022 -26,218 26,825 607
Jun 2022 -25,506 26,309 803
Jul 2022 -24,790 25,792 1,001
Aug 2022 -24,071 25,275 1,204
Sep 2022 -23,349 24,759 1,410
Oct 2022 -22,623 24,242 1,619
End Of Year 2 of Loan
Nov 2022 -21,893 23,725 1,832
Dec 2022 -21,159 23,208 2,049
Jan 2023 -20,422 22,692 2,269
Feb 2023 -19,682 22,175 2,493
Mar 2023 -18,938 21,658 2,721
Apr 2023 -18,190 20,370 2,180
May 2023 -17,439 19,854 2,415
Jun 2023 -16,684 19,337 2,653
Jul 2023 -15,925 18,820 2,895
Aug 2023 -15,163 18,303 3,140
Sep 2023 -14,397 17,787 3,389
Oct 2023 -13,628 17,270 3,642
End Of Year 3 of Loan
Nov 2023 -12,855 16,753 3,898
Dec 2023 -12,079 16,237 4,158
Jan 2024 -11,299 15,720 4,422
Feb 2024 -10,515 15,203 4,689
Mar 2024 -9,728 14,687 4,959
Apr 2024 -8,937 13,399 4,462
May 2024 -8,142 12,882 4,740
Jun 2024 -7,344 12,365 5,021
Jul 2024 -6,543 11,848 5,306
Aug 2024 -5,737 11,332 5,595
Sep 2024 -4,928 10,815 5,887
Oct 2024 -4,116 10,298 6,182
End Of Year 4 of Loan
Nov 2024 -3,300 9,782 6,482
Dec 2024 -2,480 9,265 6,785
Jan 2025 -1,657 8,748 7,091
Feb 2025 -830 8,232 7,401
Mar 2025 0 7,715 7,715
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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