I'm falling more and more in love with these new turbocharged 2.0L Cobalts.......they're badass! The local dealer got this 2008 Cobalt SS in about a month and a half ago and it doesn't seem to be moving (it's still there obviously!) I'm pretty sure they're using it as a demo car, but that's the only one they've ever had in (which should bring the price down) Since it's an '08 maybe there'll be a clearance thing as well since the '09s should be coming in awhile. I'm going to go in tomorrow maybe to see what they'd give me for my G5 GT.......and if I like the number, there's a small chance I'd consider doing this, but only if I don't have to pay an arm and a leg to upgrade.

Here she is:






What do you think? Stupid idea?

 

I guess it depends on what the dealer will give you if you do a trade in. Most dealers in my experience never will give you what you owe, so if they don't know sense in going into negative even more.

If that doesn't work out try selling it privately and list it in the classifieds.

Depends on if you can afford to finance it as well and afford the payments.

So if you can then why not? I'd get one.

 

If you get a lot of neg. equity. NO!

If you can get it for the same monthly payment and same year plan that you currently have. Example: $350/60 months or whatever you got for your GT.

 

i did 28 for my ss/sc still kinda regretting it since after a year it drops like crazy..wait a year o something hope its there dude

 

I put $8000 CDN down on the GT and currently have a $240/month for 60 months payment plan. This is most likely not going to come even close to working out, but I can dream! lol

 

with 8K down and that much payment?

-faints-

 

28k i say no... i bought my TC for 23k and I had bought the first batch that were sent out... i dont see how it bumped up to 28k.... work the price down and get a good trade-in and DO IT

 

There's no way I'd pay sticker price for that SS/TC seeing how it's a demo model and the '09s are coming out soon......I'm hoping they will offer to drop that sticker price significantly......and maybe there's incentives as well, who knows.

 

Dealership mark up.

Most people do not realize HOW MUCH it is marked up. They see the sticker and if they get below that they think their getting a good deal. All sticker is a suggest MSRP. Dealerships can get the cars for almost 40% below that if not more sometimes.

 

No options SS/TC in Canada start at $24,995 CDN.

Total ended up being right around $19,000 plus tax (2 taxes in Canada). The sticker price on the car was $21,995.

 

Build a NO option TC on the website. To get a base line directly from chevy.com. Then one how you want it.

Use those two prices to get an idea. Do some shopping.

 

Ok... well here is what I did....

I was able to get financing the way I wanted and I'm sure you can handle that.

I figured since I was buying the car brand new I might as well get it the way I want it. I got an 08 yes... just a few weeks ago while they are trying to get them out the door. But the stealership *cough* I mean dealership didn't have any.

So I specified, Ultra Silver, High Rise Spoiler, Sunroof, and Limited Slip. Then they went to work locating one at other dealerships. When they found one they offered that dealership a trade.

They drove 240 miles one way that night to trailer it back and I had it just about two days later.

Just an option.... you can still find 08's and you DON'T have to settle for whatever they have on the lot. To me, it was well worth the effort and short wait to get the car exactly how I wanted and I LOOOOOOOOOVE IT!!!!

Good luck!

EDIT: Oh my bad... it does have some good options. Well if you prefer black...

My last car was black and myself.... I did NOT want that color again. What a pain to keep it looking clean.

 

Honestly, the one I would want exactly would be a no options (other than LSD), low rise spoiler, Imperial blue SS/TC.......I'll probably end up just keeping the G5 GT.....it's a good car, but if I can get money on a trade in, now is probably the best time to do it.

 

Take it for a test drive then make up your mind, you only live once.

 

if u take a test drive you will want it... believe me lol

 

plain and simple = canada sux when it comes to buying cars / any sort of automotive/ bike thing like that related product

 

what are ways to get dealerships to bring the price down...are there certain things u say or certain techniques or what

 

Since I see you're in Canada I'm not sure what types of incentives they have going on the car. Since the '09s are starting to hit the lots here stateside it would be a good time to make a deal on an '08 if you aren't interested in the Reconfigurable Performance Display or the new USB/iPob compatible radio. If you're looking for encouragement you are on a Cobalt forum, but whether it's smart for you is something you're going to have to figure out. We don't know if you have a trade-in (and how upside-down, if any, you are), how much you're making, your local insurance costs, etc., but since your signature line shows you have an '07 and you're talking about trading in I'd almost guarantee you'll take a massive hit from depreciation.

If that's the case and it were me I'd wait. Now if you got super great employee pricing and picked up the G5 for next to nothing, put a big down payment on it, and have been paying it off then you might not do so bad if you're only looking at monthly payments but the fact is it just appears that way and you still are losing all that money you dumped into the car. If you can't afford to have both cars and want and can afford the new SS Turbo then probably the best way to go about it is to try to sell your G5 to a private party. Trade-in will almost always net you less money and they have a way to shuffle numbers around to make you think you're getting a good deal.

If you did trade you car in make sure to take a loan calculator on a laptop computer or PDA. Most dealers will try to negotiate based on monthly payments and the calculator will come in hand to see where they're hiding profit and gouging you. The car is also an '08 and as you said has been on the lot so imagine all the joy rides on the not broken-in clutch and try to use that to your negotiating advantage.

One other quick story since you mentioned not wanting to pay an arm and a leg, there was a guy in our local car club that decided to buy a new Mitsubishi Evo VIII a few years ago. He worked at the dealer and got decent enough pricing but had started out buying another entry level luxury car earlier in the year that he traded in to get the Evo. But then as Mitsu came out with new models he went in and ended up "upgrading" to an Evo IX then an MR because the monthly payment only went up "a few bucks a month". My guess is his last $30k+ car ended up costing him north of forty and he'll be paying on that for 84 months or more. So if you're in a similar but not quite that extreme situation, ask yourself if the new SS is worth getting upside-down to the point you can't get out from under it and have to drive it for many years. Are there any other cars in the pipeline you might want in a year or two? Do you normally keep cars for a long time? Just a few things to think about.



EDIT: since starting the post I see you posted some other info up. I'd probably wait or sell your car privately if I were in your shoes but whatever you do, try to work the numbers and not get caught up in an impulse buy. You'll thank yourself later.

 

Thanks for that thoughtful write up.....I really appreciate it. I'm actually not the kind of guy that buys a new car every 4 years. My plan was to drive this car basically until it was almost done.......but seeing as how it's only a year and 3 months old and with low mileage (10000 miles, which I forgot to mention) I'm thinking the depreciation is only going to get exponentially worse as time goes on.

 

u see the ss/sc's in the paper sometimes going for super cheap no one wants to buy them cause of gas and crap up here i only got 15000miles myself (almost 24000km's)

 

it may be tough, and its definitly not fun, but honestly the best way is to pay off your car as it is now unless you owe more then the car is worth, then cut your losses and buy a cheeper car with cash. otherwise pay more then your minimum on the car you owe until the title is in your hand wait a few years then pay for that t/c with cash.
People spend most of their lives paying off their cars, it may be the fun way to get exactly what you want now, but your going to be broke with a cool car.
easiest way to earn wealth and buy any car you could ever want, is to get rid of debt completely! Put aside 1,000 for an emergency, hide it somewhere where you cant spend it. in staid of paying dealers, pay yourself. pay off your phone, and insurance and rent, then leave some aside for necessities a little for fun here and there, but save with a fervor and ask someone about mutual funds, and a roth ira, it allows you to invest around 3-5k tax free and earns interest. In a few years, the tc will drop drastically in price and you can own that car flat out, while saving all your money, for a down payment on a house, or if you will an upgrade to your next car. it may suck but be smart about your money bro and you can own anything you want.

 

hrmm i wouldn't do it

 

If you are even thinking about buying a car with negative equity you should stop right there. Adding to the cost of a 25k COBALT, which is already too expensive for its pedigree, is insane.

 

The reason its not moving is because its waaaaaaaay overpriced. I bought one fully loaded with all upgrades for around 24.5k before dealer incentives and trade-in.

 

Did you miss the fact that this car is in Canada? They are all more expensive in Canada....