You could purchase an auto valued at $9,050 which includes a down payment of $1,000 and assumes you could qualify for a loan amount of $8,050.<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>$8,050.00</td><td>$.00</td><td>$350.00</td><td>$7,700.00</td></tr><tr><td role="rowheader" scope="row">2</td><td>7,700</td><td>0</td><td>350</td><td>7,350</td></tr><tr><td role="rowheader" scope="row">3</td><td>7,350</td><td>0</td><td>350</td><td>7,000</td></tr><tr><td role="rowheader" scope="row">4</td><td>7,000</td><td>0</td><td>350</td><td>6,650</td></tr><tr><td role="rowheader" scope="row">5</td><td>6,650</td><td>0</td><td>350</td><td>6,300</td></tr><tr><td role="rowheader" scope="row">6</td><td>6,300</td><td>0</td><td>350</td><td>5,950</td></tr><tr><td role="rowheader" scope="row">7</td><td>5,950</td><td>0</td><td>350</td><td>5,600</td></tr><tr><td role="rowheader" scope="row">8</td><td>5,600</td><td>0</td><td>350</td><td>5,250</td></tr><tr><td role="rowheader" scope="row">9</td><td>5,250</td><td>0</td><td>350</td><td>4,900</td></tr><tr><td role="rowheader" scope="row">10</td><td>4,900</td><td>0</td><td>350</td><td>4,550</td></tr><tr><td role="rowheader" scope="row">11</td><td>4,550</td><td>0</td><td>350</td><td>4,200</td></tr><tr><td role="rowheader" scope="row">12</td><td>4,200</td><td>0</td><td>350</td><td>3,850</td></tr><tr><td role="rowheader" scope="row">13</td><td>3,850</td><td>0</td><td>350</td><td>3,500</td></tr><tr><td role="rowheader" scope="row">14</td><td>3,500</td><td>0</td><td>350</td><td>3,150</td></tr><tr><td role="rowheader" scope="row">15</td><td>3,150</td><td>0</td><td>350</td><td>2,800</td></tr><tr><td role="rowheader" scope="row">16</td><td>2,800</td><td>0</td><td>350</td><td>2,450</td></tr><tr><td role="rowheader" scope="row">17</td><td>2,450</td><td>0</td><td>350</td><td>2,100</td></tr><tr><td role="rowheader" scope="row">18</td><td>2,100</td><td>0</td><td>350</td><td>1,750</td></tr><tr><td role="rowheader" scope="row">19</td><td>1,750</td><td>0</td><td>350</td><td>1,400</td></tr><tr><td role="rowheader" scope="row">20</td><td>1,400</td><td>0</td><td>350</td><td>1,050</td></tr><tr><td role="rowheader" scope="row">21</td><td>1,050</td><td>0</td><td>350</td><td>700</td></tr><tr><td role="rowheader" scope="row">22</td><td>700</td><td>0</td><td>350</td><td>350</td></tr><tr><td role="rowheader" scope="row">23</td><td>350</td><td>0</td><td>350</td><td>0</td></tr></table>