Should all Cobalt forums join into a class action lawsuit against GM?

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Mar 26, 2014 | 08:43 AM

#51

Mr Mall Cop

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From: Surrey BC

I'm sure if this could go anywhere there would be thousands of ambulance chasing lawyers that would start a law suit

Mar 26, 2014 | 08:53 AM

#52

ECaulk

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From: Houston, Texas

OP you're upset that you've lost money on the resale value? Yet you purchased cheaper than some people who had bought used SS's in the last 2 years. You'll still be able to sell it for 15k quick, 3.5k loss over 3years is nothing on a car. Never buy a Cadillac if you're worried about resale

Mar 26, 2014 | 09:26 AM

#53

northvibe

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From: Minnesota

Quote:

Originally Posted by Old Veteran Car Dude

I think that most of you that are reading this thread are missing the point I was trying to make. If you paid $20,000+ for your car, and because of all the litigation issues regarding the car, the value drops to perhaps 80-90% of book value, then we all have a problem. I did not pay cash for my 2010 Cobalt SS. I financed it. I got a really good deal on the car, but if it only worth 20-30% of what I still owe, then I should sell it and cut my losses.....that is "if" I can sell it.

GM could be liable for loss of value. What you paid verses what the vehicle "should" be worth in 4-5 years.

Old Veteran Car Dude

The cobalt was worth 50% less than what you paid WELL before any of these recalls. lol.