You could purchase an auto valued at $28,495 which includes a down payment of $2,000 and assumes you could qualify for a loan amount of $26,495.<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>$26,495.35</td><td>$110.40</td><td>$500.00</td><td>$26,105.75</td></tr><tr><td role="rowheader" scope="row">2</td><td>26,106</td><td>109</td><td>500</td><td>25,715</td></tr><tr><td role="rowheader" scope="row">3</td><td>25,715</td><td>107</td><td>500</td><td>25,322</td></tr><tr><td role="rowheader" scope="row">4</td><td>25,322</td><td>106</td><td>500</td><td>24,927</td></tr><tr><td role="rowheader" scope="row">5</td><td>24,927</td><td>104</td><td>500</td><td>24,531</td></tr><tr><td role="rowheader" scope="row">6</td><td>24,531</td><td>102</td><td>500</td><td>24,133</td></tr><tr><td role="rowheader" scope="row">7</td><td>24,133</td><td>101</td><td>500</td><td>23,734</td></tr><tr><td role="rowheader" scope="row">8</td><td>23,734</td><td>99</td><td>500</td><td>23,333</td></tr><tr><td role="rowheader" scope="row">9</td><td>23,333</td><td>97</td><td>500</td><td>22,930</td></tr><tr><td role="rowheader" scope="row">10</td><td>22,930</td><td>96</td><td>500</td><td>22,525</td></tr><tr><td role="rowheader" scope="row">11</td><td>22,525</td><td>94</td><td>500</td><td>22,119</td></tr><tr><td role="rowheader" scope="row">12</td><td>22,119</td><td>92</td><td>500</td><td>21,711</td></tr><tr><td role="rowheader" scope="row">13</td><td>21,711</td><td>90</td><td>500</td><td>21,302</td></tr><tr><td role="rowheader" scope="row">14</td><td>21,302</td><td>89</td><td>500</td><td>20,891</td></tr><tr><td role="rowheader" scope="row">15</td><td>20,891</td><td>87</td><td>500</td><td>20,478</td></tr><tr><td role="rowheader" scope="row">16</td><td>20,478</td><td>85</td><td>500</td><td>20,063</td></tr><tr><td role="rowheader" scope="row">17</td><td>20,063</td><td>84</td><td>500</td><td>19,647</td></tr><tr><td role="rowheader" scope="row">18</td><td>19,647</td><td>82</td><td>500</td><td>19,229</td></tr><tr><td role="rowheader" scope="row">19</td><td>19,229</td><td>80</td><td>500</td><td>18,809</td></tr><tr><td role="rowheader" scope="row">20</td><td>18,809</td><td>78</td><td>500</td><td>18,387</td></tr><tr><td role="rowheader" scope="row">21</td><td>18,387</td><td>77</td><td>500</td><td>17,964</td></tr><tr><td role="rowheader" scope="row">22</td><td>17,964</td><td>75</td><td>500</td><td>17,538</td></tr><tr><td role="rowheader" scope="row">23</td><td>17,538</td><td>73</td><td>500</td><td>17,112</td></tr><tr><td role="rowheader" scope="row">24</td><td>17,112</td><td>71</td><td>500</td><td>16,683</td></tr><tr><td role="rowheader" scope="row">25</td><td>16,683</td><td>70</td><td>500</td><td>16,252</td></tr><tr><td role="rowheader" scope="row">26</td><td>16,252</td><td>68</td><td>500</td><td>15,820</td></tr><tr><td role="rowheader" scope="row">27</td><td>15,820</td><td>66</td><td>500</td><td>15,386</td></tr><tr><td role="rowheader" scope="row">28</td><td>15,386</td><td>64</td><td>500</td><td>14,950</td></tr><tr><td role="rowheader" scope="row">29</td><td>14,950</td><td>62</td><td>500</td><td>14,512</td></tr><tr><td role="rowheader" scope="row">30</td><td>14,512</td><td>60</td><td>500</td><td>14,073</td></tr><tr><td role="rowheader" scope="row">31</td><td>14,073</td><td>59</td><td>500</td><td>13,632</td></tr><tr><td role="rowheader" scope="row">32</td><td>13,632</td><td>57</td><td>500</td><td>13,188</td></tr><tr><td role="rowheader" scope="row">33</td><td>13,188</td><td>55</td><td>500</td><td>12,743</td></tr><tr><td role="rowheader" scope="row">34</td><td>12,743</td><td>53</td><td>500</td><td>12,296</td></tr><tr><td role="rowheader" scope="row">35</td><td>12,296</td><td>51</td><td>500</td><td>11,848</td></tr><tr><td role="rowheader" scope="row">36</td><td>11,848</td><td>49</td><td>500</td><td>11,397</td></tr><tr><td role="rowheader" scope="row">37</td><td>11,397</td><td>47</td><td>500</td><td>10,944</td></tr><tr><td role="rowheader" scope="row">38</td><td>10,944</td><td>46</td><td>500</td><td>10,490</td></tr><tr><td role="rowheader" scope="row">39</td><td>10,490</td><td>44</td><td>500</td><td>10,034</td></tr><tr><td role="rowheader" scope="row">40</td><td>10,034</td><td>42</td><td>500</td><td>9,576</td></tr><tr><td role="rowheader" scope="row">41</td><td>9,576</td><td>40</td><td>500</td><td>9,115</td></tr><tr><td role="rowheader" scope="row">42</td><td>9,115</td><td>38</td><td>500</td><td>8,653</td></tr><tr><td role="rowheader" scope="row">43</td><td>8,653</td><td>36</td><td>500</td><td>8,189</td></tr><tr><td role="rowheader" scope="row">44</td><td>8,189</td><td>34</td><td>500</td><td>7,724</td></tr><tr><td role="rowheader" scope="row">45</td><td>7,724</td><td>32</td><td>500</td><td>7,256</td></tr><tr><td role="rowheader" scope="row">46</td><td>7,256</td><td>30</td><td>500</td><td>6,786</td></tr><tr><td role="rowheader" scope="row">47</td><td>6,786</td><td>28</td><td>500</td><td>6,314</td></tr><tr><td role="rowheader" scope="row">48</td><td>6,314</td><td>26</td><td>500</td><td>5,841</td></tr><tr><td role="rowheader" scope="row">49</td><td>5,841</td><td>24</td><td>500</td><td>5,365</td></tr><tr><td role="rowheader" scope="row">50</td><td>5,365</td><td>22</td><td>500</td><td>4,887</td></tr><tr><td role="rowheader" scope="row">51</td><td>4,887</td><td>20</td><td>500</td><td>4,408</td></tr><tr><td role="rowheader" scope="row">52</td><td>4,408</td><td>18</td><td>500</td><td>3,926</td></tr><tr><td role="rowheader" scope="row">53</td><td>3,926</td><td>16</td><td>500</td><td>3,442</td></tr><tr><td role="rowheader" scope="row">54</td><td>3,442</td><td>14</td><td>500</td><td>2,957</td></tr><tr><td role="rowheader" scope="row">55</td><td>2,957</td><td>12</td><td>500</td><td>2,469</td></tr><tr><td role="rowheader" scope="row">56</td><td>2,469</td><td>10</td><td>500</td><td>1,979</td></tr><tr><td role="rowheader" scope="row">57</td><td>1,979</td><td>8</td><td>500</td><td>1,488</td></tr><tr><td role="rowheader" scope="row">58</td><td>1,488</td><td>6</td><td>500</td><td>994</td></tr><tr><td role="rowheader" scope="row">59</td><td>994</td><td>4</td><td>500</td><td>498</td></tr><tr><td role="rowheader" scope="row">60</td><td>498</td><td>2</td><td>500</td><td>0</td></tr></table>