Carmax Says I'm Upside-Down on the Bimmer

Trying to be a good miser, I took the Bimmer to Carmax. Their pervasive "we'll buy your car whether or not you buy ours" convinced me to make the 70 mile round-trip.



I should have saved my gas:

• I owe $39,185 on the car
• I was offered $30,000 to sell it

Ouch. It has just 8,000 miles on it, and is in mint condition. I knew I would be upside-down, but was really hoping to fetch $35,000-$36,000 for it, write a check for the balance and be out from under it.

So, my quest continues to eliminate this $800 monthly expense. One suggestion the appraiser gave was for me to try again in the spring. It's a convertible and the market will be hungrier for one when the weather heats up. Ideas?