you couldn’t get a monthly down under $300 w/o money down
20K @ 0% for 5 years = $333/mo
Since it’s a used car let’s be MORE THAN FAIR and say you can get a 7% loan. You’re “magic” number to finance is $14,100 over 5 years giving you a payment of $279.20/mo
In reality though you’re young and it’s used so more like 8.5% so you’re number would be $13,650 or a payment of $280.05 for 5 years
Mine’s for sale, but I’m not going to sell it for $20K
Keep in mind buying an '03 wont get you ACD or the larger turbo, or the stronger tranny, or the front LSD…and it’s a 4 year old car (with an average of 60,000 miles and no warranty, so when you go to sell it it will be a 9 year old car with 135,000 miles)