A $500 dollar payment based on your downpayment is going to net you a car somewhere in the high $20k area, even with a 72 month loan. So, like travis said, your best bet is to see what kind of smokin' deal you can get on an old model, or even better, a used model.
Basically, if your price OTD is over $27k, you need to keep looking. Of course this depends on your credit score and what interest rate you can get as well. I'm basing my ramblings on 6% interest.
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