$62,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
31 Oct 2016 (7 years, 2 months remaining)
Months
(7 years)
%

$21,922 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$33,000
PARF Car  (min PARF 50% of ARF)

Results

Financial Commitment

Car Price
$62,000
Monthly Installment
$535.24 /month for 7 years (84 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$18,600 (30% of Car Price)
1st Installment
$535.24
Total Upfront Payment
$19,160.24

Loan Details

Total Loan
$43,400 Information
Total Interest
$7,760 Information
Total Sum Paid
$51,160 at the end of 7 years (84 months)

Other Car Financial Details

COE
$33,000 Information
ARF Paid
$22,691 Information
PARF Rebate
You get back $11,345 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$7,042 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'.
Sep 2019 -36,847 39,817 2,969
Oct 2019 -36,493 39,542 3,049
Nov 2019 -36,136 39,267 3,131
Dec 2019 -35,776 38,992 3,215
Jan 2020 -35,415 38,717 3,301
Feb 2020 -35,051 38,442 3,390
Mar 2020 -34,686 38,167 3,481
Apr 2020 -34,318 37,892 3,574
May 2020 -33,948 37,617 3,669
Jun 2020 -33,576 37,342 3,766
Jul 2020 -33,201 37,067 3,865
Aug 2020 -32,825 36,792 3,967
End Of Year 1 of Loan
Sep 2020 -32,446 36,517 4,071
Oct 2020 -32,065 36,242 4,176
Nov 2020 -31,682 35,967 4,284
Dec 2020 -31,297 35,692 4,395
Jan 2021 -30,909 35,417 4,507
Feb 2021 -30,520 35,142 4,622
Mar 2021 -30,128 34,867 4,739
Apr 2021 -29,734 34,592 4,858
May 2021 -29,338 34,317 4,979
Jun 2021 -28,940 34,042 5,102
Jul 2021 -28,539 33,767 5,227
Aug 2021 -28,136 33,492 5,355
End Of Year 2 of Loan
Sep 2021 -27,732 33,217 5,485
Oct 2021 -27,325 32,942 5,617
Nov 2021 -26,915 31,570 4,655
Dec 2021 -26,504 31,295 4,791
Jan 2022 -26,091 31,020 4,930
Feb 2022 -25,675 30,745 5,070
Mar 2022 -25,257 30,470 5,213
Apr 2022 -24,837 30,195 5,358
May 2022 -24,415 29,920 5,506
Jun 2022 -23,990 29,645 5,655
Jul 2022 -23,564 29,370 5,806
Aug 2022 -23,135 29,095 5,960
End Of Year 3 of Loan
Sep 2022 -22,704 28,820 6,116
Oct 2022 -22,271 28,545 6,274
Nov 2022 -21,836 27,174 5,338
Dec 2022 -21,399 26,899 5,501
Jan 2023 -20,959 26,624 5,665
Feb 2023 -20,517 26,349 5,832
Mar 2023 -20,073 26,074 6,001
Apr 2023 -19,627 25,799 6,172
May 2023 -19,179 25,524 6,345
Jun 2023 -18,728 25,249 6,521
Jul 2023 -18,276 24,974 6,699
Aug 2023 -17,821 24,699 6,878
End Of Year 4 of Loan
Sep 2023 -17,364 24,424 7,060
Oct 2023 -16,905 24,149 7,245
Nov 2023 -16,443 22,778 6,335
Dec 2023 -15,980 22,503 6,523
Jan 2024 -15,514 22,228 6,714
Feb 2024 -15,046 21,953 6,907
Mar 2024 -14,576 21,678 7,102
Apr 2024 -14,104 21,403 7,299
May 2024 -13,630 21,128 7,498
Jun 2024 -13,153 20,853 7,700
Jul 2024 -12,674 20,578 7,904
Aug 2024 -12,194 20,303 8,110
End Of Year 5 of Loan
Sep 2024 -11,711 20,028 8,318
Oct 2024 -11,225 19,753 8,528
Nov 2024 -10,738 18,382 7,644
Dec 2024 -10,248 18,107 7,859
Jan 2025 -9,757 17,832 8,076
Feb 2025 -9,263 17,557 8,295
Mar 2025 -8,766 17,282 8,516
Apr 2025 -8,268 17,007 8,739
May 2025 -7,768 16,732 8,964
Jun 2025 -7,265 16,457 9,192
Jul 2025 -6,760 16,182 9,422
Aug 2025 -6,253 15,907 9,654
End Of Year 6 of Loan
Sep 2025 -5,744 15,632 9,888
Oct 2025 -5,233 15,357 10,124
Nov 2025 -4,719 13,986 9,267
Dec 2025 -4,204 13,711 9,507
Jan 2026 -3,686 13,436 9,750
Feb 2026 -3,166 13,161 9,995
Mar 2026 -2,644 12,886 10,242
Apr 2026 -2,119 12,611 10,492
May 2026 -1,593 12,336 10,743
Jun 2026 -1,064 12,061 10,997
Jul 2026 -533 11,786 11,253
Aug 2026 0 11,511 11,511
Sep 2026 0 11,236 11,236
Oct 2026 0 10,961 10,961
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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