You could purchase an auto valued at $31,064 which includes a down payment of $0 and assumes you could qualify for a loan amount of $31,064.<table class='pure-table pure-table-bordered'><tr><th scope="col">Month</th><th scope="col">Beginning Balance</th><th scope="col">Interest</th><th scope="col">Payment</th><th scope="col">Ending Balance</th></tr><tr><td role="rowheader" scope="row">1</td><td>$31,064.28</td><td>$128.92</td><td>$500.00</td><td>$30,693.20</td></tr><tr><td role="rowheader" scope="row">2</td><td>30,693</td><td>127</td><td>500</td><td>30,321</td></tr><tr><td role="rowheader" scope="row">3</td><td>30,321</td><td>126</td><td>500</td><td>29,946</td></tr><tr><td role="rowheader" scope="row">4</td><td>29,946</td><td>124</td><td>500</td><td>29,571</td></tr><tr><td role="rowheader" scope="row">5</td><td>29,571</td><td>123</td><td>500</td><td>29,193</td></tr><tr><td role="rowheader" scope="row">6</td><td>29,193</td><td>121</td><td>500</td><td>28,815</td></tr><tr><td role="rowheader" scope="row">7</td><td>28,815</td><td>120</td><td>500</td><td>28,434</td></tr><tr><td role="rowheader" scope="row">8</td><td>28,434</td><td>118</td><td>500</td><td>28,052</td></tr><tr><td role="rowheader" scope="row">9</td><td>28,052</td><td>116</td><td>500</td><td>27,669</td></tr><tr><td role="rowheader" scope="row">10</td><td>27,669</td><td>115</td><td>500</td><td>27,283</td></tr><tr><td role="rowheader" scope="row">11</td><td>27,283</td><td>113</td><td>500</td><td>26,897</td></tr><tr><td role="rowheader" scope="row">12</td><td>26,897</td><td>112</td><td>500</td><td>26,508</td></tr><tr><td role="rowheader" scope="row">13</td><td>26,508</td><td>110</td><td>500</td><td>26,118</td></tr><tr><td role="rowheader" scope="row">14</td><td>26,118</td><td>108</td><td>500</td><td>25,727</td></tr><tr><td role="rowheader" scope="row">15</td><td>25,727</td><td>107</td><td>500</td><td>25,333</td></tr><tr><td role="rowheader" scope="row">16</td><td>25,333</td><td>105</td><td>500</td><td>24,939</td></tr><tr><td role="rowheader" scope="row">17</td><td>24,939</td><td>103</td><td>500</td><td>24,542</td></tr><tr><td role="rowheader" scope="row">18</td><td>24,542</td><td>102</td><td>500</td><td>24,144</td></tr><tr><td role="rowheader" scope="row">19</td><td>24,144</td><td>100</td><td>500</td><td>23,744</td></tr><tr><td role="rowheader" scope="row">20</td><td>23,744</td><td>99</td><td>500</td><td>23,343</td></tr><tr><td role="rowheader" scope="row">21</td><td>23,343</td><td>97</td><td>500</td><td>22,939</td></tr><tr><td role="rowheader" scope="row">22</td><td>22,939</td><td>95</td><td>500</td><td>22,535</td></tr><tr><td role="rowheader" scope="row">23</td><td>22,535</td><td>94</td><td>500</td><td>22,128</td></tr><tr><td role="rowheader" scope="row">24</td><td>22,128</td><td>92</td><td>500</td><td>21,720</td></tr><tr><td role="rowheader" scope="row">25</td><td>21,720</td><td>90</td><td>500</td><td>21,310</td></tr><tr><td role="rowheader" scope="row">26</td><td>21,310</td><td>88</td><td>500</td><td>20,899</td></tr><tr><td role="rowheader" scope="row">27</td><td>20,899</td><td>87</td><td>500</td><td>20,485</td></tr><tr><td role="rowheader" scope="row">28</td><td>20,485</td><td>85</td><td>500</td><td>20,070</td></tr><tr><td role="rowheader" scope="row">29</td><td>20,070</td><td>83</td><td>500</td><td>19,654</td></tr><tr><td role="rowheader" scope="row">30</td><td>19,654</td><td>82</td><td>500</td><td>19,235</td></tr><tr><td role="rowheader" scope="row">31</td><td>19,235</td><td>80</td><td>500</td><td>18,815</td></tr><tr><td role="rowheader" scope="row">32</td><td>18,815</td><td>78</td><td>500</td><td>18,393</td></tr><tr><td role="rowheader" scope="row">33</td><td>18,393</td><td>76</td><td>500</td><td>17,969</td></tr><tr><td role="rowheader" scope="row">34</td><td>17,969</td><td>75</td><td>500</td><td>17,544</td></tr><tr><td role="rowheader" scope="row">35</td><td>17,544</td><td>73</td><td>500</td><td>17,117</td></tr><tr><td role="rowheader" scope="row">36</td><td>17,117</td><td>71</td><td>500</td><td>16,688</td></tr><tr><td role="rowheader" scope="row">37</td><td>16,688</td><td>69</td><td>500</td><td>16,257</td></tr><tr><td role="rowheader" scope="row">38</td><td>16,257</td><td>67</td><td>500</td><td>15,825</td></tr><tr><td role="rowheader" scope="row">39</td><td>15,825</td><td>66</td><td>500</td><td>15,390</td></tr><tr><td role="rowheader" scope="row">40</td><td>15,390</td><td>64</td><td>500</td><td>14,954</td></tr><tr><td role="rowheader" scope="row">41</td><td>14,954</td><td>62</td><td>500</td><td>14,516</td></tr><tr><td role="rowheader" scope="row">42</td><td>14,516</td><td>60</td><td>500</td><td>14,076</td></tr><tr><td role="rowheader" scope="row">43</td><td>14,076</td><td>58</td><td>500</td><td>13,635</td></tr><tr><td role="rowheader" scope="row">44</td><td>13,635</td><td>57</td><td>500</td><td>13,191</td></tr><tr><td role="rowheader" scope="row">45</td><td>13,191</td><td>55</td><td>500</td><td>12,746</td></tr><tr><td role="rowheader" scope="row">46</td><td>12,746</td><td>53</td><td>500</td><td>12,299</td></tr><tr><td role="rowheader" scope="row">47</td><td>12,299</td><td>51</td><td>500</td><td>11,850</td></tr><tr><td role="rowheader" scope="row">48</td><td>11,850</td><td>49</td><td>500</td><td>11,399</td></tr><tr><td role="rowheader" scope="row">49</td><td>11,399</td><td>47</td><td>500</td><td>10,947</td></tr><tr><td role="rowheader" scope="row">50</td><td>10,947</td><td>45</td><td>500</td><td>10,492</td></tr><tr><td role="rowheader" scope="row">51</td><td>10,492</td><td>44</td><td>500</td><td>10,036</td></tr><tr><td role="rowheader" scope="row">52</td><td>10,036</td><td>42</td><td>500</td><td>9,577</td></tr><tr><td role="rowheader" scope="row">53</td><td>9,577</td><td>40</td><td>500</td><td>9,117</td></tr><tr><td role="rowheader" scope="row">54</td><td>9,117</td><td>38</td><td>500</td><td>8,655</td></tr><tr><td role="rowheader" scope="row">55</td><td>8,655</td><td>36</td><td>500</td><td>8,191</td></tr><tr><td role="rowheader" scope="row">56</td><td>8,191</td><td>34</td><td>500</td><td>7,725</td></tr><tr><td role="rowheader" scope="row">57</td><td>7,725</td><td>32</td><td>500</td><td>7,257</td></tr><tr><td role="rowheader" scope="row">58</td><td>7,257</td><td>30</td><td>500</td><td>6,787</td></tr><tr><td role="rowheader" scope="row">59</td><td>6,787</td><td>28</td><td>500</td><td>6,315</td></tr><tr><td role="rowheader" scope="row">60</td><td>6,315</td><td>26</td><td>500</td><td>5,841</td></tr><tr><td role="rowheader" scope="row">61</td><td>5,841</td><td>24</td><td>500</td><td>5,365</td></tr><tr><td role="rowheader" scope="row">62</td><td>5,365</td><td>22</td><td>500</td><td>4,888</td></tr><tr><td role="rowheader" scope="row">63</td><td>4,888</td><td>20</td><td>500</td><td>4,408</td></tr><tr><td role="rowheader" scope="row">64</td><td>4,408</td><td>18</td><td>500</td><td>3,926</td></tr><tr><td role="rowheader" scope="row">65</td><td>3,926</td><td>16</td><td>500</td><td>3,443</td></tr><tr><td role="rowheader" scope="row">66</td><td>3,443</td><td>14</td><td>500</td><td>2,957</td></tr><tr><td role="rowheader" scope="row">67</td><td>2,957</td><td>12</td><td>500</td><td>2,469</td></tr><tr><td role="rowheader" scope="row">68</td><td>2,469</td><td>10</td><td>500</td><td>1,979</td></tr><tr><td role="rowheader" scope="row">69</td><td>1,979</td><td>8</td><td>500</td><td>1,488</td></tr><tr><td role="rowheader" scope="row">70</td><td>1,488</td><td>6</td><td>500</td><td>994</td></tr><tr><td role="rowheader" scope="row">71</td><td>994</td><td>4</td><td>500</td><td>498</td></tr><tr><td role="rowheader" scope="row">72</td><td>498</td><td>2</td><td>500</td><td>0</td></tr></table>