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It's an automatic, auto + rotary is never a good combination. I love rotaries but they're definitely in a higher maintenance bracket, you'll need to develop a few habits to keep them happy. First off you'd have to redline it at least once every couple days to keep carbon from building up. Next you need to check your oil fairly often if you don't already. I don't know about the rx8 but rx7's used about 1 litre of oil per 1000km. They have an oil injection system which does this, keep the seals lubricated so that you don't have to rebuild every fill-up. Quite likely your friend has been doing none of these things. So even if it is a rebuilt engine I doubt it's been well kept in his hands.
Even at that price I wouldn't take it.
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