$18,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
29 Apr 2009 (2 years, 10 months remaining)
Months
(2 years, 10 months )
%

$13,088
COE Car  

Results

Financial Commitment

Car Price
$18,000
Monthly Installment
$401.88 /month for 2 years, 10 months (34 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$5,400 (30% of Car Price)
1st Installment
$401.88
Total Upfront Payment
$5,826.88

Loan Details

Total Loan
$12,600 Information
Total Interest
$1,064 Information
Total Sum Paid
$13,664 at the end of 2 years, 10 months (34 months)

Other Car Financial Details

COE
$13,088 Information
ARF Paid
$11,706 Information
PARF Rebate
You get back $5,853 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$6,267 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'.
Jul 2021 -12,259 3,599 -8,660
Aug 2021 -11,916 3,490 -8,426
Sep 2021 -11,571 3,381 -8,190
Oct 2021 -11,225 3,272 -7,953
Nov 2021 -10,877 3,163 -7,714
Dec 2021 -10,527 3,054 -7,473
Jan 2022 -10,175 2,945 -7,230
Feb 2022 -9,821 2,836 -6,986
Mar 2022 -9,466 2,727 -6,739
Apr 2022 -9,109 2,618 -6,491
May 2022 -8,750 2,509 -6,241
Jun 2022 -8,389 2,399 -5,989
End Of Year 1 of Loan
Jul 2022 -8,026 2,290 -5,736
Aug 2022 -7,662 2,181 -5,481
Sep 2022 -7,296 2,072 -5,224
Oct 2022 -6,928 1,963 -4,965
Nov 2022 -6,558 1,854 -4,704
Dec 2022 -6,187 1,745 -4,442
Jan 2023 -5,814 1,636 -4,178
Feb 2023 -5,439 1,527 -3,912
Mar 2023 -5,062 1,418 -3,644
Apr 2023 -4,683 1,309 -3,374
May 2023 -4,303 1,200 -3,103
Jun 2023 -3,920 1,091 -2,830
End Of Year 2 of Loan
Jul 2023 -3,536 982 -2,555
Aug 2023 -3,151 873 -2,278
Sep 2023 -2,763 763 -2,000
Oct 2023 -2,374 654 -1,719
Nov 2023 -1,983 545 -1,437
Dec 2023 -1,590 436 -1,153
Jan 2024 -1,195 327 -868
Feb 2024 -798 218 -580
Mar 2024 -400 109 -291
Apr 2024 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.

Browse by Car Make