Well like the title says, i went to my local dealer today and while i was getting the oil changed on my 06 sc i test drove a 09 tc. And i must say the brakes on it are really great compared to the stock sc brakes. I even have cross drilled and slotted rotors front and back with hawk brake pads. The suspension feels great on the tc as well. Though my balt still feels really great in the corners compared to my wife's 01 z24.

As for the straight line speed. I must say stock for stock the tc would murder a stock sc. It pulls great for a stock car. I have a few mods on my car and i cant really compare the two per say ? If i had to guess id have to say my stage 2 balt would keep up but it kinda feels like the tc may have the upper hand ever so slightly? I dont know ? couldnt really get a good handle on it. I didnt wanna go crazy and crash !

So i got talkin to the sales rep after and got them to appraise my car. They said after test driving my car that they would give me 21,000 to pay off my current loan on the sc if i buy the tc. The payments they said would be $12 more dollars every 2 weeks. So $25 more a month. The only catch is that my current balt will be paid for in three more years. The term on the tc was 96 months ( 8 yrs ) - WTF !!

So with the payments in line ( more or less ) . I guess i just need to decide if i want to take one home on Monday. Thats assuming that i get approved for the loan. I didnt actually apply yet. But my credit is really good. So i dont see it being a prob. I guess i was just looking to see how everyone is loving or hating there lnf so far ?

Any thoughts or suggestions ??

ps- ( yeah.... I life in Canada, EH !! )

Thanks all !!

 

8 years? Holy **** man, 8 years is a long ass time. I know you want the car, but EIGHT years!?!?!?!

In 8 years the car will have fallen apart and will have no value. Then what do you do? You're left with a car that's worthless and would mean SFA when it came to trade in on another car.

Just my thought.

Why not ask them to bump up the payments so you can pay it off in 5 years rather than 8?

 

I wouldn't make payments on a GM vehicle for 8 years, you'll be so upside down...

 

I got nothin. how much did you pay for your sc?

 

wow what a rip off. I did 5 years and I thought that was a lot lol

 

Please dont take an 8 year loan. You may regret it!

 

remember guys just because he takes an 8year loan doesnt mean that he cant pay it off quicker(unless bank charges a penalty fee for doing so)

 

Don't take it! Eight years to pay for the car!!?? Even 5 years is a lot to me. But you're better off paying off you ss/sc and then buy something better/different.

 

Im kinda feeling that 8 years is along time to pay on a car also. I use to own a 03 tiburon gsr v6 6spd ( slow as hell..... even modded ) and when i sold it i couldnt get what i had left on the loan. There was like almost a $4000 dollar difference. But i wanted the SC balt so bad at the time and i was approved for the loan so i bought it anyhow. Thats why i have so much left owing on it. I paid $17500 for the balt 2yrs ago. After taxes and fees. I think it was around 26 ish ?? I think. But yeah, i like the TC. Im not DYING to own one. But would be kinda cool. My current balt has really low milage. Due to the fact i walk to work everyday. LOL ! Really. I do.

But here's the real kick in the pants. I cant afford to pay anymore then what im paying on the balt now. The extra $25 is pushing it. But i could handle it. Its only $25 more a month The real reason im so strapped is cause the wife is 3 months preg and were saving money for when she is on leave for a year. Thats gonna hurt. Plus we just bought a brand new house.

So do i just be happy with the SC ? It still handles great and is fast. It beats my buddies rsx type s all day long . Its damn near mint and i do love the way it whines like my wife's siamese cat !!!

I dont know ????

 

Hey man im a sales consultant at a GM dealership in Alberta. Go in on Monday and tell them you would like a 60month term ammortized over 84. It keeps your payment down. What it is is after 60 months you have a balance owing its not like a lease where you cand turn it back in you have the choice 1. To buy out the balance left between the 24 Months. 2: Refiance the remaining Balance. 3: Or trade it in and hope you are in an equity position. Just a thought if you want to go only 60 Months and buy the remaining out or trade it in. And there is no penalty for paying it out early you just pay intrest on the payments you have made.

 

I would love an 8 year loan. when you get it save up for your first mod, The Loan MOD.
just pay them 1k on the loan and it will decrease your monthly payments down and you will be paying more on the principal, just do that once a year and your 8 year loan will turn into a 5 year loan.


I pay about 100 extra every month on my loan so I should shave almost a year off the loan.

 

I dont really get what your saying tottally ? Whats the diff then between what you are suggesting and a lease ? Or am i missing something , just plain stupid and or both ?



I like what you are saying ? But somethimes with the way the economy is going and having a morgage and car payment and a 3yr old to boot ? Extra money is not something i even knew exzisted !

 

i did mine for 8 years because it lowered my monthly payments alot that way i can save up and have it paid in 3 years. iv had it 2 months and i have almost half of it payed for with what i put down and if id put down what i have saved id be under half. make sure u pay it off fast or ur gonna be paying a crapload of interest.

 

Well if you won't be able to make extra payments on the car then I would not get an 8 year loan. The interest would be terrible. If you could afford a 5 year loan then maybe but 8 years to me is like delaying the ineviatable. On top of that I can bet you will want another car in 4-5 years and by then the car will be worth nothing.

I payed off my LS in 2.5 years on a 3 year loan. Going into the SS I wanted my payments to be under 300 a month they offered me 280/month for 6 years. I bit the bullet and got a 5 year loan at 305/month. Just paying that little bit extra more a month saves you in the long run. Good luck though I hope you can get one.

 

i bought when gm was giving a 5500$ discount deal so either way on the 8 years my interest is pretty much paid for by gm cause it somes to like a grad more with the interest rate i got.

 

^^I can see doing that, but if you did have to pay interest I would hate to do it on an 8 year loan.

 

I wouldn't even think of doing it . The SS/TC is a better car , but it's not 8 years and 25 more a month better. I could see if it was a new camaro or vette ,then just maybe.

 

Here I was stressing because I couldn't quite swing a 3 year note, so I had to settle for a 4 year loan. The interest costs will kill you on an 8 year loan. On a 4 year loan for $20,000 at 6% you'll pay over $2.5k in interest. For the same exact loan over 8 years, you'll pay over $5k in interest. To me, $2,500 is a lot of cash.

 

8 years is a very long term for an auto loan. Look out 8 years and think to yourself if you want to make those same payments 8 years from now for the same car... IMO save a bit and get the term down to 5 years.

 

Its a great car and I love it but I would say don't do it for that. What are your payments on the SC?

 

I pay $240.69 every two weeks for the sc. The tc would be 252.52 every two weeks.

 

$500 a month for 8 years?! Do the math, you'll be paying 48,000 dollars for a Chevy Cobalt (that will be worth less than a quarter of that). You could buy a far better car for the money, spending that much for a cobalt is just a horrible financial decision. Spend your money on modding the SC and pay it off.

 

wow... that salesman saw you coming!!!!!

dont do it.. plain and simple

 

yeah there is no way i would do that

 

$500 mth for a cobalt hahahah....never! That is too much money. Stay with the SC until the new Cobalt comes out in 2010.