My advice is to wait 6 months to buy a car. The car market is experiencing extreme unprecedented deflation right now.

Carvana is in major financial distress and may go from a huge net buyer of late model cars to mass liquidation.

Lots of people underwater on subprime auto loans too, 20% and more APR.

Unlike with homes, you can let your car loan default and immediately get another car loan. Subprime auto loans are less regulated than mortgages.