$62,000

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
19 Sep 2019 (8 years remaining)
Months
(7 years)
%

$15,108 Information
Based on this OMV and registration date, this car is eligible for minimum 30% down payment.
$42,801
PARF Car  (min PARF 50% of ARF)

Results

Financial Commitment

Car Price
$62,000
Monthly Installment
$624.44 /month for 7 years (84 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$18,600 (30% of Car Price)
1st Installment
$624.44
Total Upfront Payment
$19,249.44

Loan Details

Total Loan
$43,400 Information
Total Interest
$9,053 Information
Total Sum Paid
$52,453 at the end of 7 years (84 months)

Other Car Financial Details

COE
$42,801 Information
ARF Paid
$15,108 Information
PARF Rebate
You get back $7,554 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
$6,876 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'.
Nov 2021 -42,989 45,215 2,227
Dec 2021 -42,575 44,858 2,284
Jan 2022 -42,158 44,502 2,344
Feb 2022 -41,739 44,145 2,406
Mar 2022 -41,318 43,788 2,471
Apr 2022 -40,893 43,432 2,538
May 2022 -40,467 43,075 2,608
Jun 2022 -40,038 42,718 2,681
Jul 2022 -39,606 42,362 2,756
Aug 2022 -39,172 42,005 2,833
Sep 2022 -38,735 41,648 2,914
Oct 2022 -38,296 41,292 2,996
End Of Year 1 of Loan
Nov 2022 -37,854 40,935 3,081
Dec 2022 -37,409 40,578 3,169
Jan 2023 -36,962 40,222 3,259
Feb 2023 -36,513 39,865 3,352
Mar 2023 -36,061 39,508 3,447
Apr 2023 -35,606 39,152 3,545
May 2023 -35,149 38,795 3,646
Jun 2023 -34,690 38,438 3,749
Jul 2023 -34,228 38,082 3,854
Aug 2023 -33,763 37,725 3,962
Sep 2023 -33,296 37,368 4,073
Oct 2023 -32,826 37,012 4,186
End Of Year 2 of Loan
Nov 2023 -32,354 36,655 4,301
Dec 2023 -31,879 36,298 4,419
Jan 2024 -31,401 35,942 4,540
Feb 2024 -30,921 35,585 4,663
Mar 2024 -30,439 35,228 4,789
Apr 2024 -29,954 34,872 4,917
May 2024 -29,467 34,515 5,048
Jun 2024 -28,977 34,158 5,182
Jul 2024 -28,484 33,802 5,318
Aug 2024 -27,989 33,445 5,456
Sep 2024 -27,491 33,088 5,597
Oct 2024 -26,991 32,732 5,740
End Of Year 3 of Loan
Nov 2024 -26,488 31,619 5,131
Dec 2024 -25,983 31,263 5,280
Jan 2025 -25,475 30,906 5,431
Feb 2025 -24,965 30,549 5,584
Mar 2025 -24,452 30,193 5,741
Apr 2025 -23,937 29,836 5,899
May 2025 -23,419 29,479 6,061
Jun 2025 -22,898 29,123 6,224
Jul 2025 -22,375 28,766 6,391
Aug 2025 -21,850 28,409 6,560
Sep 2025 -21,322 28,053 6,731
Oct 2025 -20,791 27,696 6,905
End Of Year 4 of Loan
Nov 2025 -20,258 26,584 6,326
Dec 2025 -19,722 26,227 6,505
Jan 2026 -19,184 25,871 6,687
Feb 2026 -18,643 25,514 6,871
Mar 2026 -18,100 25,157 7,057
Apr 2026 -17,554 24,801 7,246
May 2026 -17,006 24,444 7,438
Jun 2026 -16,455 24,087 7,632
Jul 2026 -15,901 23,731 7,829
Aug 2026 -15,345 23,374 8,028
Sep 2026 -14,787 23,017 8,230
Oct 2026 -14,226 22,661 8,435
End Of Year 5 of Loan
Nov 2026 -13,662 21,548 7,886
Dec 2026 -13,096 21,192 8,096
Jan 2027 -12,528 20,835 8,308
Feb 2027 -11,956 20,478 8,522
Mar 2027 -11,383 20,122 8,739
Apr 2027 -10,806 19,765 8,959
May 2027 -10,228 19,408 9,181
Jun 2027 -9,646 19,052 9,405
Jul 2027 -9,062 18,695 9,633
Aug 2027 -8,476 18,338 9,862
Sep 2027 -7,887 17,982 10,095
Oct 2027 -7,296 17,625 10,329
End Of Year 6 of Loan
Nov 2027 -6,702 16,513 9,811
Dec 2027 -6,105 16,156 10,051
Jan 2028 -5,506 15,800 10,294
Feb 2028 -4,904 15,443 10,539
Mar 2028 -4,300 15,086 10,786
Apr 2028 -3,693 14,730 11,036
May 2028 -3,084 14,373 11,289
Jun 2028 -2,472 14,016 11,544
Jul 2028 -1,858 13,660 11,801
Aug 2028 -1,241 13,303 12,062
Sep 2028 -622 12,946 12,324
Oct 2028 0 12,590 12,590
Nov 2028 0 11,477 11,477
Dec 2028 0 11,121 11,121
Jan 2029 0 10,764 10,764
Feb 2029 0 10,407 10,407
Mar 2029 0 10,051 10,051
Apr 2029 0 9,694 9,694
May 2029 0 9,337 9,337
Jun 2029 0 8,981 8,981
Jul 2029 0 8,624 8,624
Aug 2029 0 8,267 8,267
Sep 2029 0 7,911 7,911
Oct 2029 0 7,554 7,554
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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