So i got my 06 ss cobalt in December of 05. Its got the sunroof and a automatic tranny. I've been thinking for a few month now about trading in for an 06 supercharged cobalt, no g85 package just the basic stuff. My car has 10k miles and i replaced all the factory speakers. Anyone have any clue of what kind of a deal i can get on this? Would it be a big deal that the factory speakers are out? Ive never done a trade in and am wondering how it would go. Any help would be appreciated.

 

...you will get raped... If you owe more then your car is worth say you owe $16,000, but they say its only worth $12,500 now you are -$3500 which is carried over to the new car loan. Now you have to borrow $21,000 for the car + $3500 to pay off the old car loan... now the $21,000 car is costing you $24,500, which will in turn bumps your payment even more. As for the speakers they probably would never notice unless you told them... Personally i would advise against trading in your car for a few more years, atleast till you own less then its actually worth, that way you get some positive equity w/ the trade... Negative Equity will OWN you! Just my advice.

 

an american car will never be worth more than you owe for it when bought brand new...

 

Like what he said, you will have to carry over what you can't pay off. Your car right now is worth approx $16,850 as a trade in. You might want to consider selling it on your own and you will get more out of it. Or, this is what i have done in the past is tell the dealer that you want them to pay your loan off and start fresh with a new car loan. I traded in my truck and it was worth 18500 and the pay off was around 21000. they paid it off for me but i had to be sturn. When negotiating, act like you don't really need the car and they will deal.

 

Well, it could be - depending on how much down payment he had put down originally.

Regardless, he's going to get raped on this. Probably should have bought the SS/SC the first time if that's what he really wanted.

 

see if you can sell it on the open market...f the dealerships you will get whored on the trade.


you might be able to come close to even? who knows see what happens. goodluck!


oh yeah, its sooo worth it...but get the g85! you'll love the recaros.

 

Good luck on getting the SS/SC, should have gotten it when it 0%. In the long run you would have only lost 2-3k out of the deal. Sucks either way

 

If you really want a SS/SC and it won't hurt any other important responsabilities you may have, go for it! I recently traded in my SS for an SS/SC and have no regrets. I have a bit higher payment and lost some money on the trade but I now have what I want. Stuff like that bugs me and I have to act on it, financially it's not that big of a deal in the long run. You can think of the future resale value of a SS/SC, especially well taken care of, souped up a bit, it will be an easy sell 2-3 years down the road if if you wanna pick up one of the new Camaros. In the end taking a loss now to upgrade to the top of the Cobalt lineup that will hold value better may even out moneywise 3 years from now.
I may be way off by my economics, who knows? The bottom line is do what will make you happy, as long as you can keep your top important financial priorites taken care of.

 

There are a couple of us that did the samething you want to do. I was upside down $2,000. I owed 17K on the 2.4ss and the dealer have me 15K for it. But I put a downpayment large enough to cover that cost and then some.

Just go to dealer to dealer and look to see what kinda deals they will give you. You should be able to get 14K for your car is you really work with them. My 2.4ss had only 5K miles on it though.

 

Thanks for the help guys, im probably gonna look around, who know maybe ill find an 05 ss/sc that should put me about even.