You could purchase an auto valued at $27,883 which includes a down payment of $4,000 and assumes you could qualify for a loan amount of $23,883.<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>$23,882.63</td><td>$99.51</td><td>$550.00</td><td>$23,432.14</td></tr><tr><td role="rowheader" scope="row">2</td><td>23,432</td><td>98</td><td>550</td><td>22,980</td></tr><tr><td role="rowheader" scope="row">3</td><td>22,980</td><td>96</td><td>550</td><td>22,526</td></tr><tr><td role="rowheader" scope="row">4</td><td>22,526</td><td>94</td><td>550</td><td>22,069</td></tr><tr><td role="rowheader" scope="row">5</td><td>22,069</td><td>92</td><td>550</td><td>21,611</td></tr><tr><td role="rowheader" scope="row">6</td><td>21,611</td><td>90</td><td>550</td><td>21,151</td></tr><tr><td role="rowheader" scope="row">7</td><td>21,151</td><td>88</td><td>550</td><td>20,690</td></tr><tr><td role="rowheader" scope="row">8</td><td>20,690</td><td>86</td><td>550</td><td>20,226</td></tr><tr><td role="rowheader" scope="row">9</td><td>20,226</td><td>84</td><td>550</td><td>19,760</td></tr><tr><td role="rowheader" scope="row">10</td><td>19,760</td><td>82</td><td>550</td><td>19,292</td></tr><tr><td role="rowheader" scope="row">11</td><td>19,292</td><td>80</td><td>550</td><td>18,823</td></tr><tr><td role="rowheader" scope="row">12</td><td>18,823</td><td>78</td><td>550</td><td>18,351</td></tr><tr><td role="rowheader" scope="row">13</td><td>18,351</td><td>76</td><td>550</td><td>17,878</td></tr><tr><td role="rowheader" scope="row">14</td><td>17,878</td><td>74</td><td>550</td><td>17,402</td></tr><tr><td role="rowheader" scope="row">15</td><td>17,402</td><td>73</td><td>550</td><td>16,925</td></tr><tr><td role="rowheader" scope="row">16</td><td>16,925</td><td>71</td><td>550</td><td>16,445</td></tr><tr><td role="rowheader" scope="row">17</td><td>16,445</td><td>69</td><td>550</td><td>15,964</td></tr><tr><td role="rowheader" scope="row">18</td><td>15,964</td><td>67</td><td>550</td><td>15,480</td></tr><tr><td role="rowheader" scope="row">19</td><td>15,480</td><td>65</td><td>550</td><td>14,995</td></tr><tr><td role="rowheader" scope="row">20</td><td>14,995</td><td>62</td><td>550</td><td>14,507</td></tr><tr><td role="rowheader" scope="row">21</td><td>14,507</td><td>60</td><td>550</td><td>14,018</td></tr><tr><td role="rowheader" scope="row">22</td><td>14,018</td><td>58</td><td>550</td><td>13,526</td></tr><tr><td role="rowheader" scope="row">23</td><td>13,526</td><td>56</td><td>550</td><td>13,032</td></tr><tr><td role="rowheader" scope="row">24</td><td>13,032</td><td>54</td><td>550</td><td>12,537</td></tr><tr><td role="rowheader" scope="row">25</td><td>12,537</td><td>52</td><td>550</td><td>12,039</td></tr><tr><td role="rowheader" scope="row">26</td><td>12,039</td><td>50</td><td>550</td><td>11,539</td></tr><tr><td role="rowheader" scope="row">27</td><td>11,539</td><td>48</td><td>550</td><td>11,037</td></tr><tr><td role="rowheader" scope="row">28</td><td>11,037</td><td>46</td><td>550</td><td>10,533</td></tr><tr><td role="rowheader" scope="row">29</td><td>10,533</td><td>44</td><td>550</td><td>10,027</td></tr><tr><td role="rowheader" scope="row">30</td><td>10,027</td><td>42</td><td>550</td><td>9,519</td></tr><tr><td role="rowheader" scope="row">31</td><td>9,519</td><td>40</td><td>550</td><td>9,008</td></tr><tr><td role="rowheader" scope="row">32</td><td>9,008</td><td>38</td><td>550</td><td>8,496</td></tr><tr><td role="rowheader" scope="row">33</td><td>8,496</td><td>35</td><td>550</td><td>7,981</td></tr><tr><td role="rowheader" scope="row">34</td><td>7,981</td><td>33</td><td>550</td><td>7,465</td></tr><tr><td role="rowheader" scope="row">35</td><td>7,465</td><td>31</td><td>550</td><td>6,946</td></tr><tr><td role="rowheader" scope="row">36</td><td>6,946</td><td>29</td><td>550</td><td>6,425</td></tr><tr><td role="rowheader" scope="row">37</td><td>6,425</td><td>27</td><td>550</td><td>5,901</td></tr><tr><td role="rowheader" scope="row">38</td><td>5,901</td><td>25</td><td>550</td><td>5,376</td></tr><tr><td role="rowheader" scope="row">39</td><td>5,376</td><td>22</td><td>550</td><td>4,848</td></tr><tr><td role="rowheader" scope="row">40</td><td>4,848</td><td>20</td><td>550</td><td>4,319</td></tr><tr><td role="rowheader" scope="row">41</td><td>4,319</td><td>18</td><td>550</td><td>3,787</td></tr><tr><td role="rowheader" scope="row">42</td><td>3,787</td><td>16</td><td>550</td><td>3,252</td></tr><tr><td role="rowheader" scope="row">43</td><td>3,252</td><td>14</td><td>550</td><td>2,716</td></tr><tr><td role="rowheader" scope="row">44</td><td>2,716</td><td>11</td><td>550</td><td>2,177</td></tr><tr><td role="rowheader" scope="row">45</td><td>2,177</td><td>9</td><td>550</td><td>1,636</td></tr><tr><td role="rowheader" scope="row">46</td><td>1,636</td><td>7</td><td>550</td><td>1,093</td></tr><tr><td role="rowheader" scope="row">47</td><td>1,093</td><td>5</td><td>550</td><td>548</td></tr><tr><td role="rowheader" scope="row">48</td><td>548</td><td>2</td><td>550</td><td>0</td></tr></table>