$26,494

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
10 Oct 2011 (1 years remaining)
Months
(1 years)
%

$23,630 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$50,289
PARF Car  (min PARF 50% of OMV)

Results

Financial Commitment

Car Price
$26,494
Monthly Installment
$1,364.18 /month for 1 years (12 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$7,948 (30% of Car Price)
1st Installment
$1,364.18
Total Upfront Payment
$9,337.38

Loan Details

Total Loan
$18,546 Information
Total Interest
$474 Information
Total Sum Paid
$19,020 at the end of 1 years (12 months)

Other Car Financial Details

COE
$50,289 Information
ARF Paid
$23,630 Information
PARF Rebate
You get back $11,815 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$15,418 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 -14,605 16,425 1,820
Dec 2020 -13,308 16,006 2,698
Jan 2021 -12,004 15,587 3,582
Feb 2021 -10,695 15,168 4,473
Mar 2021 -9,379 14,749 5,369
Apr 2021 -8,058 14,329 6,272
May 2021 -6,730 13,910 7,181
Jun 2021 -5,396 13,491 8,095
Jul 2021 -4,056 13,072 9,016
Aug 2021 -2,710 12,653 9,943
Sep 2021 -1,358 12,234 10,876
Oct 2021 0 11,815 11,815
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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