$70,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
12 Aug 2020 (8 years, 7 months remaining)
Months
(7 years)
%

$34,715
Based on this OMV and registration date, this car is eligible for minimum 40% down payment.
$22,297
Commercial  

Results

Financial Commitment

Car Price
$70,000
Monthly Installment
$604.30 /month for 7 years (84 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$28,000 (40% of Car Price)
1st Installment
$604.30
Total Upfront Payment
$28,629.30

Loan Details

Total Loan
$42,000 Information
Total Interest
$8,761 Information
Total Sum Paid
$50,761 at the end of 7 years (84 months)

Other Car Financial Details

COE
$22,297 Information
ARF Paid
$40,601 Information
PARF Rebate
You get back $20,301 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$8,188 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'.
Feb 2022 -41,602 18,952 -22,649
Mar 2022 -41,201 18,767 -22,435
Apr 2022 -40,798 18,581 -22,217
May 2022 -40,393 18,395 -21,998
Jun 2022 -39,985 18,209 -21,775
Jul 2022 -39,574 18,023 -21,551
Aug 2022 -39,161 17,838 -21,324
Sep 2022 -38,746 17,652 -21,094
Oct 2022 -38,328 17,466 -20,862
Nov 2022 -37,908 17,280 -20,628
Dec 2022 -37,485 17,094 -20,391
Jan 2023 -37,060 16,909 -20,152
End Of Year 1 of Loan
Feb 2023 -36,633 16,723 -19,910
Mar 2023 -36,203 16,537 -19,666
Apr 2023 -35,770 16,351 -19,419
May 2023 -35,335 16,165 -19,170
Jun 2023 -34,898 15,980 -18,918
Jul 2023 -34,458 15,794 -18,664
Aug 2023 -34,015 15,608 -18,408
Sep 2023 -33,571 15,422 -18,149
Oct 2023 -33,123 15,236 -17,887
Nov 2023 -32,674 15,050 -17,623
Dec 2023 -32,222 14,865 -17,357
Jan 2024 -31,767 14,679 -17,088
End Of Year 2 of Loan
Feb 2024 -31,310 14,493 -16,817
Mar 2024 -30,850 14,307 -16,543
Apr 2024 -30,388 14,121 -16,267
May 2024 -29,924 13,936 -15,988
Jun 2024 -29,457 13,750 -15,707
Jul 2024 -28,988 13,564 -15,424
Aug 2024 -28,516 13,378 -15,138
Sep 2024 -28,042 13,192 -14,849
Oct 2024 -27,565 13,007 -14,559
Nov 2024 -27,086 12,821 -14,265
Dec 2024 -26,604 12,635 -13,969
Jan 2025 -26,120 12,449 -13,671
End Of Year 3 of Loan
Feb 2025 -25,634 12,263 -13,371
Mar 2025 -25,145 12,078 -13,067
Apr 2025 -24,653 11,892 -12,762
May 2025 -24,160 11,706 -12,454
Jun 2025 -23,663 11,520 -12,143
Jul 2025 -23,165 11,334 -11,830
Aug 2025 -22,663 11,149 -11,515
Sep 2025 -22,160 10,963 -11,197
Oct 2025 -21,653 10,777 -10,877
Nov 2025 -21,145 10,591 -10,554
Dec 2025 -20,634 10,405 -10,229
Jan 2026 -20,120 10,219 -9,901
End Of Year 4 of Loan
Feb 2026 -19,604 10,034 -9,571
Mar 2026 -19,086 9,848 -9,238
Apr 2026 -18,565 9,662 -8,903
May 2026 -18,042 9,476 -8,566
Jun 2026 -17,516 9,290 -8,226
Jul 2026 -16,988 9,105 -7,883
Aug 2026 -16,457 8,919 -7,538
Sep 2026 -15,924 8,733 -7,191
Oct 2026 -15,388 8,547 -6,841
Nov 2026 -14,850 8,361 -6,489
Dec 2026 -14,310 8,176 -6,134
Jan 2027 -13,767 7,990 -5,777
End Of Year 5 of Loan
Feb 2027 -13,222 7,804 -5,418
Mar 2027 -12,674 7,618 -5,056
Apr 2027 -12,123 7,432 -4,691
May 2027 -11,571 7,247 -4,324
Jun 2027 -11,015 7,061 -3,955
Jul 2027 -10,458 6,875 -3,583
Aug 2027 -9,898 6,689 -3,209
Sep 2027 -9,335 6,503 -2,832
Oct 2027 -8,770 6,317 -2,453
Nov 2027 -8,203 6,132 -2,071
Dec 2027 -7,633 5,946 -1,687
Jan 2028 -7,060 5,760 -1,300
End Of Year 6 of Loan
Feb 2028 -6,485 5,574 -911
Mar 2028 -5,908 5,388 -520
Apr 2028 -5,328 5,203 -126
May 2028 -4,746 5,017 271
Jun 2028 -4,161 4,831 670
Jul 2028 -3,574 4,645 1,071
Aug 2028 -2,985 4,459 1,475
Sep 2028 -2,393 4,274 1,881
Oct 2028 -1,798 4,088 2,290
Nov 2028 -1,201 3,902 2,701
Dec 2028 -602 3,716 3,114
Jan 2029 0 3,530 3,530
Feb 2029 0 3,345 3,345
Mar 2029 0 3,159 3,159
Apr 2029 0 2,973 2,973
May 2029 0 2,787 2,787
Jun 2029 0 2,601 2,601
Jul 2029 0 2,416 2,416
Aug 2029 0 2,230 2,230
Sep 2029 0 2,044 2,044
Oct 2029 0 1,858 1,858
Nov 2029 0 1,672 1,672
Dec 2029 0 1,486 1,486
Jan 2030 0 1,301 1,301
Feb 2030 0 1,115 1,115
Mar 2030 0 929 929
Apr 2030 0 743 743
May 2030 0 557 557
Jun 2030 0 372 372
Jul 2030 0 186 186
Aug 2030 0 0 0
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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