The 20/3/8 method from The Money Guys is a fantastic and practical approach to planning and budgeting for a car purchase. Put down at least 20% - the more equity you have upfront the better. Payoff the car 3 years - you pay less interest and will own faster than a 5 year loan. The monthly loan payment shouldn't be more than 8% of your gross monthly income. Let's do a little deep dive.

It all begins with an idea.