That "OMG I have a new car feeling" is wearing off, and I'm ready to begin the process of trying to find a MT 8. The AT is a fun car, but it feels so limiting... the 7.5 redline, the 2.5k rev limit when not in motion... I am ready to taste the Rx8 in it's truest form.

I know I'm gonna lose money on this. I'm trading a base line auto in for a hopefully nicer MT. My car is relatively new (4.5k miles on it right now) and I'm willing to get one with up to 20k miles so hopefully that can help a little. The KBB trade in value on my car is a little over 18 grand. I've seen some on yahoo auto here for a little more than that with 25k miles... But I'm looking to hopefully get one with more options than my current 8... So I'll probably be looking at spending between 22-24k, meaning i need to come up with 4-6k.

I've been working all summer, but I'm finally starting to actually save money now (Spent way too much in Europe). I'm selling a few basses and some other odds and ends, and hopefully I should have a few grand saved up by the end of the summer. I got a full ride for school so whatever I make up there can go towards it to.

I'm really not in the know about the financial aspects of owning a car because my parents have always paid for everything in cash. If I cant' make up the whole sum, I can still finance the remaining bit, can't I? How would I go about doing this?

Thank you very much for your help!

 

If you don't have any credit history, you will need a cosigner (ie your parents) on that loan to finance the rest of the balance on the car.

 

the dealer will gladly take your car in trade, pay you crap for it, then sell you another one.

you will lose money.

you can sell it privately and you will lose less money..but you will still LOSE money.