You could purchase an auto valued at $22,690 which includes a down payment of $2,000 and assumes you could qualify for a loan amount of $20,690.<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>$20,690.22</td><td>$103.45</td><td>$400.00</td><td>$20,393.68</td></tr><tr><td role="rowheader" scope="row">2</td><td>20,394</td><td>102</td><td>400</td><td>20,096</td></tr><tr><td role="rowheader" scope="row">3</td><td>20,096</td><td>100</td><td>400</td><td>19,796</td></tr><tr><td role="rowheader" scope="row">4</td><td>19,796</td><td>99</td><td>400</td><td>19,495</td></tr><tr><td role="rowheader" scope="row">5</td><td>19,495</td><td>97</td><td>400</td><td>19,193</td></tr><tr><td role="rowheader" scope="row">6</td><td>19,193</td><td>96</td><td>400</td><td>18,889</td></tr><tr><td role="rowheader" scope="row">7</td><td>18,889</td><td>94</td><td>400</td><td>18,583</td></tr><tr><td role="rowheader" scope="row">8</td><td>18,583</td><td>93</td><td>400</td><td>18,276</td></tr><tr><td role="rowheader" scope="row">9</td><td>18,276</td><td>91</td><td>400</td><td>17,967</td></tr><tr><td role="rowheader" scope="row">10</td><td>17,967</td><td>90</td><td>400</td><td>17,657</td></tr><tr><td role="rowheader" scope="row">11</td><td>17,657</td><td>88</td><td>400</td><td>17,345</td></tr><tr><td role="rowheader" scope="row">12</td><td>17,345</td><td>87</td><td>400</td><td>17,032</td></tr><tr><td role="rowheader" scope="row">13</td><td>17,032</td><td>85</td><td>400</td><td>16,717</td></tr><tr><td role="rowheader" scope="row">14</td><td>16,717</td><td>84</td><td>400</td><td>16,401</td></tr><tr><td role="rowheader" scope="row">15</td><td>16,401</td><td>82</td><td>400</td><td>16,083</td></tr><tr><td role="rowheader" scope="row">16</td><td>16,083</td><td>80</td><td>400</td><td>15,763</td></tr><tr><td role="rowheader" scope="row">17</td><td>15,763</td><td>79</td><td>400</td><td>15,442</td></tr><tr><td role="rowheader" scope="row">18</td><td>15,442</td><td>77</td><td>400</td><td>15,119</td></tr><tr><td role="rowheader" scope="row">19</td><td>15,119</td><td>76</td><td>400</td><td>14,795</td></tr><tr><td role="rowheader" scope="row">20</td><td>14,795</td><td>74</td><td>400</td><td>14,469</td></tr><tr><td role="rowheader" scope="row">21</td><td>14,469</td><td>72</td><td>400</td><td>14,141</td></tr><tr><td role="rowheader" scope="row">22</td><td>14,141</td><td>71</td><td>400</td><td>13,812</td></tr><tr><td role="rowheader" scope="row">23</td><td>13,812</td><td>69</td><td>400</td><td>13,481</td></tr><tr><td role="rowheader" scope="row">24</td><td>13,481</td><td>67</td><td>400</td><td>13,148</td></tr><tr><td role="rowheader" scope="row">25</td><td>13,148</td><td>66</td><td>400</td><td>12,814</td></tr><tr><td role="rowheader" scope="row">26</td><td>12,814</td><td>64</td><td>400</td><td>12,478</td></tr><tr><td role="rowheader" scope="row">27</td><td>12,478</td><td>62</td><td>400</td><td>12,141</td></tr><tr><td role="rowheader" scope="row">28</td><td>12,141</td><td>61</td><td>400</td><td>11,801</td></tr><tr><td role="rowheader" scope="row">29</td><td>11,801</td><td>59</td><td>400</td><td>11,460</td></tr><tr><td role="rowheader" scope="row">30</td><td>11,460</td><td>57</td><td>400</td><td>11,118</td></tr><tr><td role="rowheader" scope="row">31</td><td>11,118</td><td>56</td><td>400</td><td>10,773</td></tr><tr><td role="rowheader" scope="row">32</td><td>10,773</td><td>54</td><td>400</td><td>10,427</td></tr><tr><td role="rowheader" scope="row">33</td><td>10,427</td><td>52</td><td>400</td><td>10,079</td></tr><tr><td role="rowheader" scope="row">34</td><td>10,079</td><td>50</td><td>400</td><td>9,730</td></tr><tr><td role="rowheader" scope="row">35</td><td>9,730</td><td>49</td><td>400</td><td>9,378</td></tr><tr><td role="rowheader" scope="row">36</td><td>9,378</td><td>47</td><td>400</td><td>9,025</td></tr><tr><td role="rowheader" scope="row">37</td><td>9,025</td><td>45</td><td>400</td><td>8,670</td></tr><tr><td role="rowheader" scope="row">38</td><td>8,670</td><td>43</td><td>400</td><td>8,314</td></tr><tr><td role="rowheader" scope="row">39</td><td>8,314</td><td>42</td><td>400</td><td>7,955</td></tr><tr><td role="rowheader" scope="row">40</td><td>7,955</td><td>40</td><td>400</td><td>7,595</td></tr><tr><td role="rowheader" scope="row">41</td><td>7,595</td><td>38</td><td>400</td><td>7,233</td></tr><tr><td role="rowheader" scope="row">42</td><td>7,233</td><td>36</td><td>400</td><td>6,869</td></tr><tr><td role="rowheader" scope="row">43</td><td>6,869</td><td>34</td><td>400</td><td>6,503</td></tr><tr><td role="rowheader" scope="row">44</td><td>6,503</td><td>33</td><td>400</td><td>6,136</td></tr><tr><td role="rowheader" scope="row">45</td><td>6,136</td><td>31</td><td>400</td><td>5,767</td></tr><tr><td role="rowheader" scope="row">46</td><td>5,767</td><td>29</td><td>400</td><td>5,395</td></tr><tr><td role="rowheader" scope="row">47</td><td>5,395</td><td>27</td><td>400</td><td>5,022</td></tr><tr><td role="rowheader" scope="row">48</td><td>5,022</td><td>25</td><td>400</td><td>4,648</td></tr><tr><td role="rowheader" scope="row">49</td><td>4,648</td><td>23</td><td>400</td><td>4,271</td></tr><tr><td role="rowheader" scope="row">50</td><td>4,271</td><td>21</td><td>400</td><td>3,892</td></tr><tr><td role="rowheader" scope="row">51</td><td>3,892</td><td>19</td><td>400</td><td>3,512</td></tr><tr><td role="rowheader" scope="row">52</td><td>3,512</td><td>18</td><td>400</td><td>3,129</td></tr><tr><td role="rowheader" scope="row">53</td><td>3,129</td><td>16</td><td>400</td><td>2,745</td></tr><tr><td role="rowheader" scope="row">54</td><td>2,745</td><td>14</td><td>400</td><td>2,359</td></tr><tr><td role="rowheader" scope="row">55</td><td>2,359</td><td>12</td><td>400</td><td>1,970</td></tr><tr><td role="rowheader" scope="row">56</td><td>1,970</td><td>10</td><td>400</td><td>1,580</td></tr><tr><td role="rowheader" scope="row">57</td><td>1,580</td><td>8</td><td>400</td><td>1,188</td></tr><tr><td role="rowheader" scope="row">58</td><td>1,188</td><td>6</td><td>400</td><td>794</td></tr><tr><td role="rowheader" scope="row">59</td><td>794</td><td>4</td><td>400</td><td>398</td></tr><tr><td role="rowheader" scope="row">60</td><td>398</td><td>2</td><td>400</td><td>0</td></tr></table>