@deepblackblue Makaros622 has the correct formula, with that said, with that time horizon you can do MUCH better by investing instead of the bank. Look into this company called Acorns, they may have solution for your needs.
@kmoreno Hi
Buying any car that is a few years old is still the best way to go. Personally I buy most of mine with 2-3 years of age and low miles, under 20k. You do not take the depreciation hit and you still buy what is a pretty new car. I recommend checking out the insurance quotes before...