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I'm gonna go out on a limb and say that regardless of what you do, your credit is probably the culprit unless you waaaaay over paid on that BRZ. Selling it and cutting your losses is a waste of money in my opinion, but if you can't afford the payments, what choice do you have? You will also have a tough time selling an auto for close to what you got for it. So if you can make pay the difference of amount owed AND save up for a sizeable down payment in just 6 months go for it...but then i wonder about how $535 a month is tough to budget for if you can save that kind of dough in a 6 month period.
I really don't know what you should do, but I don't think any outcome to your situation would classify as "smart" financially. Sorry but that's the hard truth of the matter. What you need to do is figure out a realistic amount that the car might sell for, how much you have to pay to pay off the loan, how much you will end up paying per month to pay that down, and finally how much you can realistically save per month to put down about $7k-$10k so that you only need a $20k loan OTD. That should give you a rough estimate as to when you can realistically buy another new car. The other thing is selling the car, you made a mistake buying an auto, not because they are bad, but because the people who buy them are not common. Someone would have to be specifically looking for the color car you have and specifically auto. You are going to have to undercut dealers which won't be hard, but you may even have to undercut FRS pricing which will suck. Don't trade it in because you will get even less.
You got yourself into one hell of a situation and i hope for the best, and ultimately hopefully you learned to think these kinds of things through in the future. Impulse buys are ok for candy and small stuff...unless you're a millionaire.
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