You could purchase an auto valued at $19,864 which includes a down payment of $7,000 and assumes you could qualify for a loan amount of $12,864.<table class='pure-table pure-table-bordered' role='grid'><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>$12,864.31</td><td>$60.46</td><td>$300.00</td><td>$12,624.77</td></tr><tr><td role="rowheader" scope="row">2</td><td>12,625</td><td>59</td><td>300</td><td>12,384</td></tr><tr><td role="rowheader" scope="row">3</td><td>12,384</td><td>58</td><td>300</td><td>12,142</td></tr><tr><td role="rowheader" scope="row">4</td><td>12,142</td><td>57</td><td>300</td><td>11,899</td></tr><tr><td role="rowheader" scope="row">5</td><td>11,899</td><td>56</td><td>300</td><td>11,655</td></tr><tr><td role="rowheader" scope="row">6</td><td>11,655</td><td>55</td><td>300</td><td>11,410</td></tr><tr><td role="rowheader" scope="row">7</td><td>11,410</td><td>54</td><td>300</td><td>11,164</td></tr><tr><td role="rowheader" scope="row">8</td><td>11,164</td><td>52</td><td>300</td><td>10,916</td></tr><tr><td role="rowheader" scope="row">9</td><td>10,916</td><td>51</td><td>300</td><td>10,667</td></tr><tr><td role="rowheader" scope="row">10</td><td>10,667</td><td>50</td><td>300</td><td>10,418</td></tr><tr><td role="rowheader" scope="row">11</td><td>10,418</td><td>49</td><td>300</td><td>10,167</td></tr><tr><td role="rowheader" scope="row">12</td><td>10,167</td><td>48</td><td>300</td><td>9,914</td></tr><tr><td role="rowheader" scope="row">13</td><td>9,914</td><td>47</td><td>300</td><td>9,661</td></tr><tr><td role="rowheader" scope="row">14</td><td>9,661</td><td>45</td><td>300</td><td>9,406</td></tr><tr><td role="rowheader" scope="row">15</td><td>9,406</td><td>44</td><td>300</td><td>9,151</td></tr><tr><td role="rowheader" scope="row">16</td><td>9,151</td><td>43</td><td>300</td><td>8,894</td></tr><tr><td role="rowheader" scope="row">17</td><td>8,894</td><td>42</td><td>300</td><td>8,635</td></tr><tr><td role="rowheader" scope="row">18</td><td>8,635</td><td>41</td><td>300</td><td>8,376</td></tr><tr><td role="rowheader" scope="row">19</td><td>8,376</td><td>39</td><td>300</td><td>8,115</td></tr><tr><td role="rowheader" scope="row">20</td><td>8,115</td><td>38</td><td>300</td><td>7,853</td></tr><tr><td role="rowheader" scope="row">21</td><td>7,853</td><td>37</td><td>300</td><td>7,590</td></tr><tr><td role="rowheader" scope="row">22</td><td>7,590</td><td>36</td><td>300</td><td>7,326</td></tr><tr><td role="rowheader" scope="row">23</td><td>7,326</td><td>34</td><td>300</td><td>7,061</td></tr><tr><td role="rowheader" scope="row">24</td><td>7,061</td><td>33</td><td>300</td><td>6,794</td></tr><tr><td role="rowheader" scope="row">25</td><td>6,794</td><td>32</td><td>300</td><td>6,526</td></tr><tr><td role="rowheader" scope="row">26</td><td>6,526</td><td>31</td><td>300</td><td>6,256</td></tr><tr><td role="rowheader" scope="row">27</td><td>6,256</td><td>29</td><td>300</td><td>5,986</td></tr><tr><td role="rowheader" scope="row">28</td><td>5,986</td><td>28</td><td>300</td><td>5,714</td></tr><tr><td role="rowheader" scope="row">29</td><td>5,714</td><td>27</td><td>300</td><td>5,441</td></tr><tr><td role="rowheader" scope="row">30</td><td>5,441</td><td>26</td><td>300</td><td>5,166</td></tr><tr><td role="rowheader" scope="row">31</td><td>5,166</td><td>24</td><td>300</td><td>4,891</td></tr><tr><td role="rowheader" scope="row">32</td><td>4,891</td><td>23</td><td>300</td><td>4,614</td></tr><tr><td role="rowheader" scope="row">33</td><td>4,614</td><td>22</td><td>300</td><td>4,335</td></tr><tr><td role="rowheader" scope="row">34</td><td>4,335</td><td>20</td><td>300</td><td>4,056</td></tr><tr><td role="rowheader" scope="row">35</td><td>4,056</td><td>19</td><td>300</td><td>3,775</td></tr><tr><td role="rowheader" scope="row">36</td><td>3,775</td><td>18</td><td>300</td><td>3,492</td></tr><tr><td role="rowheader" scope="row">37</td><td>3,492</td><td>16</td><td>300</td><td>3,209</td></tr><tr><td role="rowheader" scope="row">38</td><td>3,209</td><td>15</td><td>300</td><td>2,924</td></tr><tr><td role="rowheader" scope="row">39</td><td>2,924</td><td>14</td><td>300</td><td>2,638</td></tr><tr><td role="rowheader" scope="row">40</td><td>2,638</td><td>12</td><td>300</td><td>2,350</td></tr><tr><td role="rowheader" scope="row">41</td><td>2,350</td><td>11</td><td>300</td><td>2,061</td></tr><tr><td role="rowheader" scope="row">42</td><td>2,061</td><td>10</td><td>300</td><td>1,771</td></tr><tr><td role="rowheader" scope="row">43</td><td>1,771</td><td>8</td><td>300</td><td>1,479</td></tr><tr><td role="rowheader" scope="row">44</td><td>1,479</td><td>7</td><td>300</td><td>1,186</td></tr><tr><td role="rowheader" scope="row">45</td><td>1,186</td><td>6</td><td>300</td><td>892</td></tr><tr><td role="rowheader" scope="row">46</td><td>892</td><td>4</td><td>300</td><td>596</td></tr><tr><td role="rowheader" scope="row">47</td><td>596</td><td>3</td><td>300</td><td>299</td></tr><tr><td role="rowheader" scope="row">48</td><td>299</td><td>1</td><td>300</td><td>0</td></tr></table>