$60,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
18 May 2017 (5 years, 7 months remaining)
Months
(5 years, 7 months )
%

$13,651 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$51,106
PARF Car  (min PARF 50% of ARF)

Results

Financial Commitment

Car Price
$60,800
Monthly Installment
$740.91 /month for 5 years, 7 months (67 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$18,240 (30% of Car Price)
1st Installment
$740.91
Total Upfront Payment
$19,005.91

Loan Details

Total Loan
$42,560 Information
Total Interest
$7,081 Information
Total Sum Paid
$49,641 at the end of 5 years, 7 months (67 months)

Other Car Financial Details

COE
$51,106 Information
ARF Paid
$13,651 Information
PARF Rebate
You get back $6,826 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'.
Nov 2021 -42,027 38,347 -3,681
Dec 2021 -41,492 37,921 -3,571
Jan 2022 -40,953 37,495 -3,458
Feb 2022 -40,411 37,069 -3,342
Mar 2022 -39,866 36,643 -3,223
Apr 2022 -39,318 36,217 -3,100
May 2022 -38,766 35,791 -2,975
Jun 2022 -38,212 34,683 -3,529
Jul 2022 -37,654 34,257 -3,397
Aug 2022 -37,094 33,831 -3,263
Sep 2022 -36,530 33,405 -3,125
Oct 2022 -35,963 32,979 -2,984
End Of Year 1 of Loan
Nov 2022 -35,393 32,553 -2,840
Dec 2022 -34,820 32,128 -2,693
Jan 2023 -34,244 31,702 -2,542
Feb 2023 -33,665 31,276 -2,389
Mar 2023 -33,082 30,850 -2,232
Apr 2023 -32,497 30,424 -2,073
May 2023 -31,908 29,998 -1,910
Jun 2023 -31,317 28,890 -2,427
Jul 2023 -30,722 28,464 -2,258
Aug 2023 -30,124 28,038 -2,086
Sep 2023 -29,523 27,612 -1,911
Oct 2023 -28,919 27,186 -1,733
End Of Year 2 of Loan
Nov 2023 -28,311 26,760 -1,551
Dec 2023 -27,701 26,334 -1,367
Jan 2024 -27,088 25,908 -1,179
Feb 2024 -26,471 25,483 -988
Mar 2024 -25,851 25,057 -795
Apr 2024 -25,229 24,631 -598
May 2024 -24,603 24,205 -398
Jun 2024 -23,974 23,097 -877
Jul 2024 -23,342 22,671 -671
Aug 2024 -22,706 22,245 -462
Sep 2024 -22,068 21,819 -249
Oct 2024 -21,427 21,393 -34
End Of Year 3 of Loan
Nov 2024 -20,782 20,967 185
Dec 2024 -20,134 20,541 407
Jan 2025 -19,484 20,115 632
Feb 2025 -18,830 19,689 860
Mar 2025 -18,173 19,264 1,091
Apr 2025 -17,513 18,838 1,325
May 2025 -16,849 18,412 1,562
Jun 2025 -16,183 17,303 1,120
Jul 2025 -15,514 16,877 1,364
Aug 2025 -14,841 16,452 1,610
Sep 2025 -14,165 16,026 1,860
Oct 2025 -13,487 15,600 2,113
End Of Year 4 of Loan
Nov 2025 -12,805 15,174 2,369
Dec 2025 -12,120 14,748 2,628
Jan 2026 -11,432 14,322 2,890
Feb 2026 -10,741 13,896 3,156
Mar 2026 -10,046 13,470 3,424
Apr 2026 -9,349 13,045 3,696
May 2026 -8,649 12,619 3,970
Jun 2026 -7,945 11,510 3,565
Jul 2026 -7,238 11,084 3,846
Aug 2026 -6,528 10,658 4,130
Sep 2026 -5,815 10,233 4,417
Oct 2026 -5,099 9,807 4,707
End Of Year 5 of Loan
Nov 2026 -4,380 9,381 5,001
Dec 2026 -3,658 8,955 5,297
Jan 2027 -2,933 8,529 5,596
Feb 2027 -2,204 8,103 5,899
Mar 2027 -1,473 7,677 6,205
Apr 2027 -738 7,251 6,514
May 2027 0 6,826 6,826
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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