$68,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
25 Feb 2019 (7 years, 3 months remaining)
Months
(7 years)
%

$14,000 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$23,500
PARF Car  (min PARF 50% of ARF)

Results

Financial Commitment

Car Price
$68,000
Monthly Installment
$684.87 /month for 7 years (84 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$20,400 (30% of Car Price)
1st Installment
$684.87
Total Upfront Payment
$21,109.87

Loan Details

Total Loan
$47,600 Information
Total Interest
$9,929 Information
Total Sum Paid
$57,529 at the end of 7 years (84 months)

Other Car Financial Details

COE
$23,500 Information
ARF Paid
$14,000 Information
PARF Rebate
You get back $7,000 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$8,441 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 2023 -47,149 27,342 -19,807
Feb 2023 -46,695 27,146 -19,549
Mar 2023 -46,238 26,950 -19,288
Apr 2023 -45,778 26,754 -19,024
May 2023 -45,316 26,558 -18,758
Jun 2023 -44,851 26,363 -18,488
Jul 2023 -44,383 26,167 -18,216
Aug 2023 -43,912 25,971 -17,941
Sep 2023 -43,439 25,775 -17,664
Oct 2023 -42,962 25,579 -17,383
Nov 2023 -42,483 25,383 -17,100
Dec 2023 -42,002 25,188 -16,814
End Of Year 1 of Loan
Jan 2024 -41,517 24,992 -16,525
Feb 2024 -41,030 24,796 -16,234
Mar 2024 -40,539 24,600 -15,939
Apr 2024 -40,046 24,404 -15,642
May 2024 -39,551 24,208 -15,342
Jun 2024 -39,052 24,013 -15,040
Jul 2024 -38,551 23,817 -14,734
Aug 2024 -38,047 23,621 -14,426
Sep 2024 -37,540 23,425 -14,115
Oct 2024 -37,030 23,229 -13,801
Nov 2024 -36,518 23,033 -13,484
Dec 2024 -36,003 22,838 -13,165
End Of Year 2 of Loan
Jan 2025 -35,485 22,642 -12,843
Feb 2025 -34,964 22,446 -12,518
Mar 2025 -34,440 22,250 -12,190
Apr 2025 -33,914 21,354 -12,560
May 2025 -33,385 21,158 -12,226
Jun 2025 -32,853 20,963 -11,890
Jul 2025 -32,318 20,767 -11,552
Aug 2025 -31,781 20,571 -11,210
Sep 2025 -31,240 20,375 -10,865
Oct 2025 -30,697 20,179 -10,518
Nov 2025 -30,152 19,983 -10,168
Dec 2025 -29,603 19,788 -9,816
End Of Year 3 of Loan
Jan 2026 -29,052 19,592 -9,460
Feb 2026 -28,498 19,396 -9,102
Mar 2026 -27,941 19,200 -8,741
Apr 2026 -27,381 18,304 -9,077
May 2026 -26,818 18,108 -8,710
Jun 2026 -26,253 17,913 -8,341
Jul 2026 -25,685 17,717 -7,968
Aug 2026 -25,114 17,521 -7,593
Sep 2026 -24,541 17,325 -7,216
Oct 2026 -23,964 17,129 -6,835
Nov 2026 -23,385 16,933 -6,452
Dec 2026 -22,803 16,738 -6,066
End Of Year 4 of Loan
Jan 2027 -22,218 16,542 -5,677
Feb 2027 -21,631 16,346 -5,285
Mar 2027 -21,040 16,150 -4,890
Apr 2027 -20,447 15,254 -5,193
May 2027 -19,852 15,058 -4,793
Jun 2027 -19,253 14,863 -4,390
Jul 2027 -18,651 14,667 -3,985
Aug 2027 -18,047 14,471 -3,576
Sep 2027 -17,440 14,275 -3,165
Oct 2027 -16,830 14,079 -2,751
Nov 2027 -16,218 13,883 -2,335
Dec 2027 -15,603 13,688 -1,915
End Of Year 5 of Loan
Jan 2028 -14,984 13,492 -1,493
Feb 2028 -14,364 13,296 -1,068
Mar 2028 -13,740 13,100 -640
Apr 2028 -13,113 12,204 -909
May 2028 -12,484 12,008 -476
Jun 2028 -11,852 11,813 -40
Jul 2028 -11,217 11,617 399
Aug 2028 -10,580 11,421 841
Sep 2028 -9,939 11,225 1,286
Oct 2028 -9,296 11,029 1,733
Nov 2028 -8,650 10,833 2,183
Dec 2028 -8,002 10,638 2,636
End Of Year 6 of Loan
Jan 2029 -7,350 10,442 3,092
Feb 2029 -6,696 10,246 3,550
Mar 2029 -6,039 10,050 4,011
Apr 2029 -5,379 9,154 3,775
May 2029 -4,716 8,958 4,242
Jun 2029 -4,051 8,763 4,712
Jul 2029 -3,383 8,567 5,184
Aug 2029 -2,712 8,371 5,659
Sep 2029 -2,038 8,175 6,137
Oct 2029 -1,361 7,979 6,618
Nov 2029 -682 7,783 7,101
Dec 2029 0 7,588 7,588
Jan 2030 0 7,392 7,392
Feb 2030 0 7,196 7,196
Mar 2030 0 7,000 7,000
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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