Reverse Auto Loan Calculator

Reverse Auto Loan Calculator to calculate the maximum car loan you can get based on the monthly payment, interest rate, and loan terms. The reverse car calculator will output a reverse amortization schedule with principal and interest payments.

Reverse Car Loan Calculator
Monthly Payment	$
Interest Rate
Loan Terms	years

The maximum car loan you can get is $28,526.18

Reverse Loan Calculator Results
Car Loan Amount:			$28,526.18
Monthly Payment:			$500.00
Total # Of Payments:			60
Start Date:			Sep, 2023
Payoff Date:			Aug, 2028
Total Interest Paid:			$1,473.82
Total Payment:			$30,000.00
Reverse Car Loan Amortization Schedule
Payment Date	Payment #	Interest Paid	Principal Paid	Total Payment	Remaining Balance
Sep, 2023	1	$47.54	$452.46	$500.00	$28,073.72
Oct, 2023	2	$46.79	$453.21	$500.00	$27,620.51
Nov, 2023	3	$46.03	$453.97	$500.00	$27,166.55
Dec, 2023	4	$45.28	$454.72	$500.00	$26,711.82
Jan, 2024	5	$44.52	$455.48	$500.00	$26,256.34
Feb, 2024	6	$43.76	$456.24	$500.00	$25,800.10
Mar, 2024	7	$43.00	$457.00	$500.00	$25,343.10
Apr, 2024	8	$42.24	$457.76	$500.00	$24,885.34
May, 2024	9	$41.48	$458.52	$500.00	$24,426.82
Jun, 2024	10	$40.71	$459.29	$500.00	$23,967.53
Jul, 2024	11	$39.95	$460.05	$500.00	$23,507.47
Aug, 2024	12	$39.18	$460.82	$500.00	$23,046.65
Sep, 2024	13	$38.41	$461.59	$500.00	$22,585.06
Oct, 2024	14	$37.64	$462.36	$500.00	$22,122.71
Nov, 2024	15	$36.87	$463.13	$500.00	$21,659.58
Dec, 2024	16	$36.10	$463.90	$500.00	$21,195.68
Jan, 2025	17	$35.33	$464.67	$500.00	$20,731.00
Feb, 2025	18	$34.55	$465.45	$500.00	$20,265.55
Mar, 2025	19	$33.78	$466.22	$500.00	$19,799.33
Apr, 2025	20	$33.00	$467.00	$500.00	$19,332.33
May, 2025	21	$32.22	$467.78	$500.00	$18,864.55
Jun, 2025	22	$31.44	$468.56	$500.00	$18,395.99
Jul, 2025	23	$30.66	$469.34	$500.00	$17,926.65
Aug, 2025	24	$29.88	$470.12	$500.00	$17,456.53
Sep, 2025	25	$29.09	$470.91	$500.00	$16,985.62
Oct, 2025	26	$28.31	$471.69	$500.00	$16,513.93
Nov, 2025	27	$27.52	$472.48	$500.00	$16,041.46
Dec, 2025	28	$26.74	$473.26	$500.00	$15,568.19
Jan, 2026	29	$25.95	$474.05	$500.00	$15,094.14
Feb, 2026	30	$25.16	$474.84	$500.00	$14,619.30
Mar, 2026	31	$24.37	$475.63	$500.00	$14,143.66
Apr, 2026	32	$23.57	$476.43	$500.00	$13,667.23
May, 2026	33	$22.78	$477.22	$500.00	$13,190.01
Jun, 2026	34	$21.98	$478.02	$500.00	$12,712.00
Jul, 2026	35	$21.19	$478.81	$500.00	$12,233.18
Aug, 2026	36	$20.39	$479.61	$500.00	$11,753.57
Sep, 2026	37	$19.59	$480.41	$500.00	$11,273.16
Oct, 2026	38	$18.79	$481.21	$500.00	$10,791.95
Nov, 2026	39	$17.99	$482.01	$500.00	$10,309.94
Dec, 2026	40	$17.18	$482.82	$500.00	$9,827.12
Jan, 2027	41	$16.38	$483.62	$500.00	$9,343.50
Feb, 2027	42	$15.57	$484.43	$500.00	$8,859.07
Mar, 2027	43	$14.77	$485.23	$500.00	$8,373.83
Apr, 2027	44	$13.96	$486.04	$500.00	$7,887.79
May, 2027	45	$13.15	$486.85	$500.00	$7,400.94
Jun, 2027	46	$12.33	$487.67	$500.00	$6,913.27
Jul, 2027	47	$11.52	$488.48	$500.00	$6,424.79
Aug, 2027	48	$10.71	$489.29	$500.00	$5,935.50
Sep, 2027	49	$9.89	$490.11	$500.00	$5,445.39
Oct, 2027	50	$9.08	$490.92	$500.00	$4,954.47
Nov, 2027	51	$8.26	$491.74	$500.00	$4,462.73
Dec, 2027	52	$7.44	$492.56	$500.00	$3,970.17
Jan, 2028	53	$6.62	$493.38	$500.00	$3,476.78
Feb, 2028	54	$5.79	$494.21	$500.00	$2,982.58
Mar, 2028	55	$4.97	$495.03	$500.00	$2,487.55
Apr, 2028	56	$4.15	$495.85	$500.00	$1,991.69
May, 2028	57	$3.32	$496.68	$500.00	$1,495.01
Jun, 2028	58	$2.49	$497.51	$500.00	$997.51
Jul, 2028	59	$1.66	$498.34	$500.00	$499.17
Aug, 2028	60	$0.83	$499.17	$500.00	$0.00

Monthly Auto Costs

When planning how much monthly payment you can afford for your car, you need to keep in mind there are other costs associated with owning a car such as auto maintenance costs, auto insurance, and gas costs. You want to be sure that you have set aside a portion of your savings for auto costs. If you are buying a used car, the maintenance costs will be higher than a new car. Of course, the monthly payment would be much larger for new cars if you are putting down the same amount as the down payment, which means you would need to save more each month. There are other costs in financing the purchase of a car such as sales tax and other fees. The reverse auto loan calculator will calculate how much of a car you can afford based on the monthly payment that you are willing to make. If you have an old car that you can trade-in, or make a down payment towards the purchase, you can use the car affordability calculator to determine what kind of car you can buy.

How to calculate the reverse car loan?

Let's say if you are willing to make $500 as a monthly payment towards a car with a 5-year term and an interest rate of 3%, then you can afford a car for around $27,826.18. However, if you want to shorten the loan terms to a 3-year term, you will only be able to afford a car for around $17,193.23. Therefore, there are three variables that determine what kind of car you can buy, the monthly payment, the terms, and the interest rate.

How to use the reverse car loan calculator?

Monthly payment - the amount of money that you can afford to pay each month. Interest rate - the interest rate that you will be paying for your car loan. Shop around and compare the dealers and finance options to see what kind of interest rate you can get. Most lenders review your credit scores. If you have a good credit standing, your interest rate will likely be lower than someone with a bad credit score. Loan Terms - How many years that you are planning to pay off the auto loan. Based on these three fields, our reverse auto loan calculator will be able to figure out the maximum loan amount that you can get. The reverse auto loan calculator generates an amortization schedule that shows you your monthly payment and how much you are paying for interest, and how much total interest you will be paying after you pay off the car loan.

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