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With $20k in hand earmarked to spend on a car, I'd buy the best and cry once. Meaning, get a loaded model by putting the $20k down and financing $7-8k for the shortest term you are comfortable with. I'd go 36mos so you aren't making a payment after the warranty period.
I know a lot of folks who have a lot of money and they are some of the most unhappy people I know. They fret over ever dime they spend. I'm not advocating being frivolous with your money, but if you've saved up $20k for a car, then you obviously know how to save and plan for major purchases. Reward yourself and buy what you want. Too many times in life I've settled for what was practical and in the long run it's cost me more than I've saved. I ended up trading a perfectly good car for a loss because I ended up not liking it.
This next time around. I'm getting what I want.
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