$299,988

Used Car Loan Calculator

» Updated for MAS Restrictions on 26 May 2016

$
$
 of Car Price
1 Apr 2013 (2 years, 3 months remaining)
Months
(2 years, 3 months )
%

$142,860 Information
Based on this OMV and registration date, this car is eligible for minimum 40% down payment.
$97,889
PARF Car  (min PARF 50% of ARF)

Results

Financial Commitment

Car Price
$299,988
Monthly Installment
$7,113.38 /month for 2 years, 3 months (27 months) Information

Upfront Payment

Transfer Fee
$25
Down Payment
$119,995 (40% of Car Price)
1st Installment
$7,113.38
Total Upfront Payment
$127,133.58

Loan Details

Total Loan
$179,993 Information
Total Interest
$12,069 Information
Total Sum Paid
$192,061 at the end of 2 years, 3 months (27 months)

Other Car Financial Details

COE
$97,889 Information
ARF Paid
$229,148 Information
PARF Rebate
You get back $114,574 at the end of 10th year (PARF Rebate) Information
Annual Depreciation
- 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'.
Jan 2022 -173,741 106,925 -66,816
Feb 2022 -167,458 106,110 -61,349
Mar 2022 -161,143 105,294 -55,849
Apr 2022 -154,796 97,335 -57,461
May 2022 -148,417 96,519 -51,897
Jun 2022 -142,006 95,704 -46,302
Jul 2022 -135,563 94,888 -40,675
Aug 2022 -129,088 94,072 -35,016
Sep 2022 -122,581 93,256 -29,325
Oct 2022 -116,043 92,441 -23,602
Nov 2022 -109,472 91,625 -17,847
Dec 2022 -102,869 90,809 -12,060
End Of Year 1 of Loan
Jan 2023 -96,235 89,993 -6,242
Feb 2023 -89,569 89,178 -391
Mar 2023 -82,870 88,362 5,492
Apr 2023 -76,140 80,403 4,263
May 2023 -69,378 79,587 10,210
Jun 2023 -62,584 78,772 16,188
Jul 2023 -55,758 77,956 22,198
Aug 2023 -48,900 77,140 28,240
Sep 2023 -42,010 76,324 34,315
Oct 2023 -35,088 75,509 40,421
Nov 2023 -28,134 74,693 46,559
Dec 2023 -21,149 73,877 52,729
End Of Year 2 of Loan
Jan 2024 -14,131 73,061 58,931
Feb 2024 -7,081 72,246 65,164
Mar 2024 0 71,430 71,430
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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