$61,300

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
28 Feb 2017 (5 years, 10 months remaining)
Months
(5 years, 10 months )
%

$23,335 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$49,430
PARF Car  (min PARF 50% of ARF)

Results

Financial Commitment

Car Price
$61,300
Monthly Installment
$616.77 /month for 5 years, 10 months (70 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$18,390 (30% of Car Price)
1st Installment
$616.77
Total Upfront Payment
$19,031.77

Loan Details

Total Loan
$42,910 Information
Total Interest
$6,394 Information
Total Sum Paid
$49,304 at the end of 5 years, 10 months (70 months)

Other Car Financial Details

COE
$49,430 Information
ARF Paid
$24,669 Information
PARF Rebate
You get back $12,335 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$8,451 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'.
Jun 2021 -36,343 45,924 9,580
Jul 2021 -35,904 45,512 9,607
Aug 2021 -35,462 45,100 9,637
Sep 2021 -35,018 44,688 9,670
Oct 2021 -34,571 44,276 9,705
Nov 2021 -34,121 43,864 9,742
Dec 2021 -33,669 43,452 9,783
Jan 2022 -33,215 43,040 9,825
Feb 2022 -32,757 42,628 9,871
Mar 2022 -32,298 42,216 9,919
Apr 2022 -31,835 40,638 8,802
May 2022 -31,370 40,226 8,855
End Of Year 1 of Loan
Jun 2022 -30,903 39,814 8,911
Jul 2022 -30,433 39,402 8,969
Aug 2022 -29,960 38,990 9,030
Sep 2022 -29,485 38,578 9,093
Oct 2022 -29,007 38,166 9,159
Nov 2022 -28,526 37,754 9,228
Dec 2022 -28,043 37,342 9,299
Jan 2023 -27,558 36,930 9,372
Feb 2023 -27,070 36,518 9,449
Mar 2023 -26,579 36,107 9,527
Apr 2023 -26,086 34,528 8,442
May 2023 -25,590 34,116 8,526
End Of Year 2 of Loan
Jun 2023 -25,092 33,704 8,612
Jul 2023 -24,591 33,292 8,702
Aug 2023 -24,087 32,880 8,793
Sep 2023 -23,581 32,468 8,887
Oct 2023 -23,072 32,056 8,984
Nov 2023 -22,561 31,644 9,084
Dec 2023 -22,047 31,233 9,185
Jan 2024 -21,531 30,821 9,290
Feb 2024 -21,012 30,409 9,397
Mar 2024 -20,490 29,997 9,507
Apr 2024 -19,966 28,418 8,452
May 2024 -19,439 28,006 8,567
End Of Year 3 of Loan
Jun 2024 -18,910 27,594 8,684
Jul 2024 -18,378 27,182 8,804
Aug 2024 -17,844 26,770 8,927
Sep 2024 -17,307 26,359 9,052
Oct 2024 -16,767 25,947 9,180
Nov 2024 -16,225 25,535 9,310
Dec 2024 -15,680 25,123 9,443
Jan 2025 -15,133 24,711 9,578
Feb 2025 -14,583 24,299 9,716
Mar 2025 -14,031 23,887 9,856
Apr 2025 -13,475 22,308 8,833
May 2025 -12,918 21,896 8,979
End Of Year 4 of Loan
Jun 2025 -12,358 21,485 9,127
Jul 2025 -11,795 21,073 9,278
Aug 2025 -11,230 20,661 9,431
Sep 2025 -10,662 20,249 9,587
Oct 2025 -10,091 19,837 9,745
Nov 2025 -9,518 19,425 9,907
Dec 2025 -8,943 19,013 10,070
Jan 2026 -8,365 18,601 10,237
Feb 2026 -7,784 18,189 10,405
Mar 2026 -7,201 17,777 10,577
Apr 2026 -6,615 16,199 9,584
May 2026 -6,026 15,787 9,761
End Of Year 5 of Loan
Jun 2026 -5,435 15,375 9,940
Jul 2026 -4,842 14,963 10,121
Aug 2026 -4,245 14,551 10,306
Sep 2026 -3,647 14,139 10,492
Oct 2026 -3,045 13,727 10,682
Nov 2026 -2,441 13,315 10,874
Dec 2026 -1,835 12,903 11,068
Jan 2027 -1,226 12,491 11,266
Feb 2027 -614 12,079 11,465
Mar 2027 0 11,668 11,668
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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