$62,800

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
12 Jan 2015 (3 years, 4 months remaining)
Months
(3 years, 4 months )
%

$22,210 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$64,600
PARF Car  (min PARF 50% of ARF)

Results

Financial Commitment

Car Price
$62,800
Monthly Installment
$1,035.57 /month for 3 years, 4 months (40 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$18,840 (30% of Car Price)
1st Installment
$1,035.57
Total Upfront Payment
$19,900.57

Loan Details

Total Loan
$43,960 Information
Total Interest
$3,743 Information
Total Sum Paid
$47,703 at the end of 3 years, 4 months (40 months)

Other Car Financial Details

COE
$64,600 Information
ARF Paid
$23,094 Information
PARF Rebate
You get back $11,547 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'.
Oct 2021 -36,827 35,432 -1,396
Nov 2021 -35,969 34,893 -1,076
Dec 2021 -35,107 34,355 -752
Jan 2022 -34,241 33,817 -424
Feb 2022 -33,369 32,168 -1,202
Mar 2022 -32,494 31,629 -864
Apr 2022 -31,613 31,091 -522
May 2022 -30,728 30,553 -176
Jun 2022 -29,839 30,014 176
Jul 2022 -28,945 29,476 531
Aug 2022 -28,046 28,938 892
Sep 2022 -27,143 28,399 1,256
End Of Year 1 of Loan
Oct 2022 -26,235 27,861 1,626
Nov 2022 -25,323 27,323 2,000
Dec 2022 -24,406 26,784 2,378
Jan 2023 -23,484 26,246 2,762
Feb 2023 -22,558 24,597 2,039
Mar 2023 -21,628 24,059 2,431
Apr 2023 -20,693 23,521 2,828
May 2023 -19,753 22,982 3,229
Jun 2023 -18,809 22,444 3,635
Jul 2023 -17,860 21,906 4,046
Aug 2023 -16,906 21,367 4,461
Sep 2023 -15,948 20,829 4,880
End Of Year 2 of Loan
Oct 2023 -14,986 20,291 5,305
Nov 2023 -14,019 19,752 5,733
Dec 2023 -13,047 19,214 6,167
Jan 2024 -12,071 18,676 6,605
Feb 2024 -11,090 17,027 5,937
Mar 2024 -10,105 16,488 6,384
Apr 2024 -9,115 15,950 6,835
May 2024 -8,120 15,412 7,291
Jun 2024 -7,121 14,873 7,752
Jul 2024 -6,118 14,335 8,217
Aug 2024 -5,109 13,797 8,687
Sep 2024 -4,097 13,258 9,162
End Of Year 3 of Loan
Oct 2024 -3,079 12,720 9,641
Nov 2024 -2,057 12,182 10,124
Dec 2024 -1,031 11,643 10,612
Jan 2025 0 11,105 11,105
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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