$58,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
31 Oct 2016 (6 years, 10 months remaining)
Months
(6 years, 10 months )
%

$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
$58,000
Monthly Installment
$510.81 /month for 6 years, 10 months (82 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$17,400 (30% of Car Price)
1st Installment
$510.81
Total Upfront Payment
$17,935.81

Loan Details

Total Loan
$40,600 Information
Total Interest
$7,086 Information
Total Sum Paid
$47,686 at the end of 6 years, 10 months (82 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
$6,760 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'.
Jan 2021 -34,460 38,717 4,257
Feb 2021 -34,118 38,442 4,324
Mar 2021 -33,774 38,167 4,393
Apr 2021 -33,427 37,892 4,464
May 2021 -33,079 37,617 4,538
Jun 2021 -32,728 37,342 4,613
Jul 2021 -32,376 37,067 4,691
Aug 2021 -32,021 36,792 4,770
Sep 2021 -31,665 36,517 4,852
Oct 2021 -31,306 36,242 4,936
Nov 2021 -30,945 35,967 5,022
Dec 2021 -30,582 35,692 5,110
End Of Year 1 of Loan
Jan 2022 -30,217 35,417 5,200
Feb 2022 -29,850 35,142 5,292
Mar 2022 -29,481 34,867 5,386
Apr 2022 -29,109 34,592 5,482
May 2022 -28,736 34,317 5,581
Jun 2022 -28,360 34,042 5,681
Jul 2022 -27,983 33,767 5,784
Aug 2022 -27,603 33,492 5,888
Sep 2022 -27,222 33,217 5,995
Oct 2022 -26,838 32,942 6,104
Nov 2022 -26,452 31,570 5,118
Dec 2022 -26,064 31,295 5,231
End Of Year 2 of Loan
Jan 2023 -25,674 31,020 5,346
Feb 2023 -25,282 30,745 5,464
Mar 2023 -24,888 30,470 5,583
Apr 2023 -24,491 30,195 5,704
May 2023 -24,093 29,920 5,827
Jun 2023 -23,693 29,645 5,953
Jul 2023 -23,290 29,370 6,080
Aug 2023 -22,885 29,095 6,210
Sep 2023 -22,479 28,820 6,342
Oct 2023 -22,070 28,545 6,475
Nov 2023 -21,659 27,174 5,515
Dec 2023 -21,246 26,899 5,653
End Of Year 3 of Loan
Jan 2024 -20,831 26,624 5,793
Feb 2024 -20,414 26,349 5,935
Mar 2024 -19,995 26,074 6,079
Apr 2024 -19,574 25,799 6,226
May 2024 -19,150 25,524 6,374
Jun 2024 -18,725 25,249 6,524
Jul 2024 -18,297 24,974 6,677
Aug 2024 -17,868 24,699 6,832
Sep 2024 -17,436 24,424 6,988
Oct 2024 -17,002 24,149 7,147
Nov 2024 -16,566 22,778 6,212
Dec 2024 -16,129 22,503 6,375
End Of Year 4 of Loan
Jan 2025 -15,689 22,228 6,540
Feb 2025 -15,246 21,953 6,707
Mar 2025 -14,802 21,678 6,876
Apr 2025 -14,356 21,403 7,047
May 2025 -13,908 21,128 7,221
Jun 2025 -13,457 20,853 7,396
Jul 2025 -13,005 20,578 7,573
Aug 2025 -12,550 20,303 7,753
Sep 2025 -12,093 20,028 7,935
Oct 2025 -11,635 19,753 8,118
Nov 2025 -11,174 18,382 7,208
Dec 2025 -10,711 18,107 7,396
End Of Year 5 of Loan
Jan 2026 -10,246 17,832 7,586
Feb 2026 -9,779 17,557 7,778
Mar 2026 -9,310 17,282 7,972
Apr 2026 -8,838 17,007 8,169
May 2026 -8,365 16,732 8,367
Jun 2026 -7,890 16,457 8,567
Jul 2026 -7,412 16,182 8,770
Aug 2026 -6,933 15,907 8,974
Sep 2026 -6,451 15,632 9,181
Oct 2026 -5,967 15,357 9,390
Nov 2026 -5,481 13,986 8,505
Dec 2026 -4,994 13,711 8,717
End Of Year 6 of Loan
Jan 2027 -4,504 13,436 8,932
Feb 2027 -4,012 13,161 9,149
Mar 2027 -3,517 12,886 9,369
Apr 2027 -3,021 12,611 9,590
May 2027 -2,523 12,336 9,813
Jun 2027 -2,022 12,061 10,039
Jul 2027 -1,520 11,786 10,266
Aug 2027 -1,015 11,511 10,496
Sep 2027 -509 11,236 10,727
Oct 2027 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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