$59,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
12 Apr 2016 (6 years, 5 months remaining)
Months
(6 years, 5 months )
%

$19,542 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$56,001
PARF Car  (min PARF 50% of ARF)

Results

Financial Commitment

Car Price
$59,000
Monthly Installment
$638.93 /month for 6 years, 5 months (77 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$17,700 (30% of Car Price)
1st Installment
$638.93
Total Upfront Payment
$18,363.93

Loan Details

Total Loan
$41,300 Information
Total Interest
$7,897 Information
Total Sum Paid
$49,197 at the end of 6 years, 5 months (77 months)

Other Car Financial Details

COE
$56,001 Information
ARF Paid
$19,542 Information
PARF Rebate
You get back $9,771 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$7,681 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'.
Dec 2019 -40,864 50,124 9,260
Jan 2020 -40,425 49,657 9,233
Feb 2020 -39,983 49,190 9,208
Mar 2020 -39,538 48,724 9,185
Apr 2020 -39,092 48,257 9,166
May 2020 -38,642 47,790 9,148
Jun 2020 -38,190 47,324 9,134
Jul 2020 -37,735 46,857 9,122
Aug 2020 -37,277 46,390 9,113
Sep 2020 -36,817 45,924 9,106
Oct 2020 -36,355 45,457 9,102
Nov 2020 -35,889 44,990 9,101
End Of Year 1 of Loan
Dec 2020 -35,421 44,524 9,102
Jan 2021 -34,951 44,057 9,106
Feb 2021 -34,477 43,590 9,113
Mar 2021 -34,002 43,124 9,122
Apr 2021 -33,523 42,657 9,134
May 2021 -33,042 41,213 8,171
Jun 2021 -32,558 40,747 8,188
Jul 2021 -32,072 40,280 8,208
Aug 2021 -31,583 39,813 8,231
Sep 2021 -31,091 39,347 8,256
Oct 2021 -30,597 38,880 8,283
Nov 2021 -30,100 38,413 8,313
End Of Year 2 of Loan
Dec 2021 -29,600 37,947 8,346
Jan 2022 -29,098 37,480 8,382
Feb 2022 -28,593 37,013 8,420
Mar 2022 -28,086 36,546 8,461
Apr 2022 -27,576 36,080 8,504
May 2022 -27,063 34,636 7,573
Jun 2022 -26,548 34,169 7,622
Jul 2022 -26,030 33,703 7,673
Aug 2022 -25,509 33,236 7,727
Sep 2022 -24,986 32,769 7,783
Oct 2022 -24,460 32,303 7,842
Nov 2022 -23,932 31,836 7,904
End Of Year 3 of Loan
Dec 2022 -23,401 31,369 7,969
Jan 2023 -22,867 30,903 8,036
Feb 2023 -22,330 30,436 8,105
Mar 2023 -21,791 29,969 8,178
Apr 2023 -21,250 29,503 8,253
May 2023 -20,706 28,059 7,353
Jun 2023 -20,159 27,592 7,433
Jul 2023 -19,609 27,125 7,516
Aug 2023 -19,057 26,659 7,602
Sep 2023 -18,502 26,192 7,690
Oct 2023 -17,945 25,725 7,781
Nov 2023 -17,385 25,259 7,874
End Of Year 4 of Loan
Dec 2023 -16,822 24,792 7,970
Jan 2024 -16,257 24,325 8,069
Feb 2024 -15,689 23,859 8,170
Mar 2024 -15,118 23,392 8,274
Apr 2024 -14,545 22,925 8,380
May 2024 -13,969 21,482 7,512
Jun 2024 -13,391 21,015 7,624
Jul 2024 -12,810 20,548 7,738
Aug 2024 -12,226 20,082 7,855
Sep 2024 -11,640 19,615 7,975
Oct 2024 -11,051 19,148 8,097
Nov 2024 -10,459 18,682 8,222
End Of Year 5 of Loan
Dec 2024 -9,865 18,215 8,350
Jan 2025 -9,268 17,748 8,480
Feb 2025 -8,669 17,282 8,613
Mar 2025 -8,067 16,815 8,748
Apr 2025 -7,462 16,348 8,886
May 2025 -6,855 14,904 8,050
Jun 2025 -6,245 14,438 8,193
Jul 2025 -5,632 13,971 8,339
Aug 2025 -5,017 13,504 8,488
Sep 2025 -4,399 13,038 8,639
Oct 2025 -3,778 12,571 8,793
Nov 2025 -3,155 12,104 8,949
End Of Year 6 of Loan
Dec 2025 -2,529 11,638 9,108
Jan 2026 -1,901 11,171 9,270
Feb 2026 -1,270 10,704 9,434
Mar 2026 -636 10,238 9,601
Apr 2026 0 9,771 9,771
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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