$68,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
25 Feb 2019 (8 years 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
$7,636 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'.
Mar 2021 -47,149 29,104 -18,045
Apr 2021 -46,695 28,908 -17,786
May 2021 -46,238 28,713 -17,525
Jun 2021 -45,778 28,517 -17,262
Jul 2021 -45,316 28,321 -16,995
Aug 2021 -44,851 28,125 -16,726
Sep 2021 -44,383 27,929 -16,454
Oct 2021 -43,912 27,733 -16,179
Nov 2021 -43,439 27,538 -15,901
Dec 2021 -42,962 27,342 -15,621
Jan 2022 -42,483 27,146 -15,338
Feb 2022 -42,002 26,950 -15,052
End Of Year 1 of Loan
Mar 2022 -41,517 26,754 -14,763
Apr 2022 -41,030 26,558 -14,471
May 2022 -40,539 26,363 -14,177
Jun 2022 -40,046 26,167 -13,880
Jul 2022 -39,551 25,971 -13,580
Aug 2022 -39,052 25,775 -13,277
Sep 2022 -38,551 25,579 -12,972
Oct 2022 -38,047 25,383 -12,663
Nov 2022 -37,540 25,188 -12,352
Dec 2022 -37,030 24,992 -12,039
Jan 2023 -36,518 24,796 -11,722
Feb 2023 -36,003 24,600 -11,403
End Of Year 2 of Loan
Mar 2023 -35,485 24,404 -11,080
Apr 2023 -34,964 24,208 -10,755
May 2023 -34,440 24,013 -10,428
Jun 2023 -33,914 23,817 -10,097
Jul 2023 -33,385 23,621 -9,764
Aug 2023 -32,853 23,425 -9,428
Sep 2023 -32,318 23,229 -9,089
Oct 2023 -31,781 23,033 -8,747
Nov 2023 -31,240 22,838 -8,403
Dec 2023 -30,697 22,642 -8,056
Jan 2024 -30,152 22,446 -7,706
Feb 2024 -29,603 22,250 -7,353
End Of Year 3 of Loan
Mar 2024 -29,052 21,354 -7,698
Apr 2024 -28,498 21,158 -7,339
May 2024 -27,941 20,963 -6,978
Jun 2024 -27,381 20,767 -6,614
Jul 2024 -26,818 20,571 -6,248
Aug 2024 -26,253 20,375 -5,878
Sep 2024 -25,685 20,179 -5,506
Oct 2024 -25,114 19,983 -5,131
Nov 2024 -24,541 19,788 -4,753
Dec 2024 -23,964 19,592 -4,373
Jan 2025 -23,385 19,396 -3,989
Feb 2025 -22,803 19,200 -3,603
End Of Year 4 of Loan
Mar 2025 -22,218 18,304 -3,914
Apr 2025 -21,631 18,108 -3,522
May 2025 -21,040 17,913 -3,128
Jun 2025 -20,447 17,717 -2,731
Jul 2025 -19,852 17,521 -2,331
Aug 2025 -19,253 17,325 -1,928
Sep 2025 -18,651 17,129 -1,522
Oct 2025 -18,047 16,933 -1,114
Nov 2025 -17,440 16,738 -703
Dec 2025 -16,830 16,542 -289
Jan 2026 -16,218 16,346 128
Feb 2026 -15,603 16,150 547
End Of Year 5 of Loan
Mar 2026 -14,984 15,254 270
Apr 2026 -14,364 15,058 695
May 2026 -13,740 14,863 1,123
Jun 2026 -13,113 14,667 1,553
Jul 2026 -12,484 14,471 1,987
Aug 2026 -11,852 14,275 2,423
Sep 2026 -11,217 14,079 2,862
Oct 2026 -10,580 13,883 3,304
Nov 2026 -9,939 13,688 3,748
Dec 2026 -9,296 13,492 4,195
Jan 2027 -8,650 13,296 4,646
Feb 2027 -8,002 13,100 5,098
End Of Year 6 of Loan
Mar 2027 -7,350 12,204 4,854
Apr 2027 -6,696 12,008 5,313
May 2027 -6,039 11,813 5,774
Jun 2027 -5,379 11,617 6,238
Jul 2027 -4,716 11,421 6,705
Aug 2027 -4,051 11,225 7,174
Sep 2027 -3,383 11,029 7,647
Oct 2027 -2,712 10,833 8,122
Nov 2027 -2,038 10,638 8,600
Dec 2027 -1,361 10,442 9,080
Jan 2028 -682 10,246 9,564
Feb 2028 0 10,050 10,050
Mar 2028 0 9,154 9,154
Apr 2028 0 8,958 8,958
May 2028 0 8,763 8,763
Jun 2028 0 8,567 8,567
Jul 2028 0 8,371 8,371
Aug 2028 0 8,175 8,175
Sep 2028 0 7,979 7,979
Oct 2028 0 7,783 7,783
Nov 2028 0 7,588 7,588
Dec 2028 0 7,392 7,392
Jan 2029 0 7,196 7,196
Feb 2029 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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