The financial literacy in this country is beyond poor. People really don’t understand money and, likely, that’s intentional.

The “right way” to do this is to not finance the car at all (given that it’s a depreciating asset). You save monthly what a payment would be and buy the car outright. Once you’ve done that, you drive it into the ground and save for the next car the entire time.

People don’t have the discipline for that.