$58,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
22 Feb 2007 (6 years, 2 months remaining)
Months
(6 years, 2 months )
%

$50,645
COE Car  

Results

Financial Commitment

Car Price
$58,800
Monthly Installment
$564.37 /month for 6 years, 2 months (74 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$23,520 (40% of Car Price)
1st Installment
$564.37
Total Upfront Payment
$24,109.37

Loan Details

Total Loan
$35,280 Information
Total Interest
$6,483 Information
Total Sum Paid
$41,763 at the end of 6 years, 2 months (74 months)

Other Car Financial Details

COE
$50,645 Information
ARF Paid
$41,971 Information
PARF Rebate
You get back $20,985 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
- 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 2022 -34,889 30,809 -4,079
Feb 2022 -34,495 30,387 -4,108
Mar 2022 -34,099 29,965 -4,134
Apr 2022 -33,700 29,543 -4,157
May 2022 -33,299 29,121 -4,178
Jun 2022 -32,896 28,699 -4,197
Jul 2022 -32,491 28,277 -4,214
Aug 2022 -32,083 27,855 -4,228
Sep 2022 -31,673 27,433 -4,240
Oct 2022 -31,260 27,011 -4,249
Nov 2022 -30,845 26,589 -4,257
Dec 2022 -30,428 26,167 -4,261
End Of Year 1 of Loan
Jan 2023 -30,009 25,745 -4,264
Feb 2023 -29,587 25,323 -4,264
Mar 2023 -29,162 24,900 -4,262
Apr 2023 -28,736 24,478 -4,258
May 2023 -28,307 24,056 -4,251
Jun 2023 -27,876 23,634 -4,242
Jul 2023 -27,442 23,212 -4,230
Aug 2023 -27,006 22,790 -4,216
Sep 2023 -26,568 22,368 -4,200
Oct 2023 -26,128 21,946 -4,182
Nov 2023 -25,685 21,524 -4,161
Dec 2023 -25,240 21,102 -4,138
End Of Year 2 of Loan
Jan 2024 -24,792 20,680 -4,112
Feb 2024 -24,342 20,258 -4,084
Mar 2024 -23,890 19,836 -4,054
Apr 2024 -23,435 19,414 -4,021
May 2024 -22,979 18,992 -3,987
Jun 2024 -22,519 18,570 -3,949
Jul 2024 -22,058 18,148 -3,910
Aug 2024 -21,594 17,726 -3,868
Sep 2024 -21,128 17,304 -3,824
Oct 2024 -20,659 16,882 -3,777
Nov 2024 -20,188 16,460 -3,728
Dec 2024 -19,715 16,038 -3,677
End Of Year 3 of Loan
Jan 2025 -19,239 15,616 -3,624
Feb 2025 -18,761 15,194 -3,568
Mar 2025 -18,281 14,771 -3,510
Apr 2025 -17,798 14,349 -3,449
May 2025 -17,313 13,927 -3,386
Jun 2025 -16,826 13,505 -3,321
Jul 2025 -16,337 13,083 -3,253
Aug 2025 -15,845 12,661 -3,183
Sep 2025 -15,350 12,239 -3,111
Oct 2025 -14,854 11,817 -3,037
Nov 2025 -14,355 11,395 -2,960
Dec 2025 -13,854 10,973 -2,880
End Of Year 4 of Loan
Jan 2026 -13,350 10,551 -2,799
Feb 2026 -12,844 10,129 -2,715
Mar 2026 -12,336 9,707 -2,629
Apr 2026 -11,825 9,285 -2,540
May 2026 -11,312 8,863 -2,449
Jun 2026 -10,797 8,441 -2,356
Jul 2026 -10,279 8,019 -2,260
Aug 2026 -9,759 7,597 -2,162
Sep 2026 -9,237 7,175 -2,062
Oct 2026 -8,712 6,753 -1,959
Nov 2026 -8,185 6,331 -1,855
Dec 2026 -7,656 5,909 -1,747
End Of Year 5 of Loan
Jan 2027 -7,124 5,487 -1,638
Feb 2027 -6,590 5,065 -1,526
Mar 2027 -6,054 4,642 -1,411
Apr 2027 -5,515 4,220 -1,295
May 2027 -4,974 3,798 -1,176
Jun 2027 -4,431 3,376 -1,055
Jul 2027 -3,885 2,954 -931
Aug 2027 -3,337 2,532 -805
Sep 2027 -2,787 2,110 -677
Oct 2027 -2,234 1,688 -546
Nov 2027 -1,679 1,266 -413
Dec 2027 -1,122 844 -278
End Of Year 6 of Loan
Jan 2028 -562 422 -140
Feb 2028 0 0 0
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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