So with all of the news with the 08.5 SS/TC and everything...I figure that it would be a good time stop tossing money into the base model hole and to start saving up for a decent down payment and start throwing more into my note every month. With that said, how much would you say an '07 base model would go for about a year from now?

Currently, KKB says $10,650 in excellent condition and $9,930 in good condition and I'm at about 10,500 mi. So lets say about a year from now with another 12,000 mi....

I figure if I can pay it off down to the trade-in value at that time and have an approximate down payment of $4000, then I'll be in good shape.

Let's hear some numbers! Anyone else have a similar plan?

 

youll be lucky to get 9k

 

Wow...I must've been underestimating... I was expecting around 6/7 or so... And then by that time I'll be 18 so I shouldn't have any problems handling it and my credit should be fairly built.

I was thinking it would probably be better to go used by then. I don't think I want to deal with buying a brand new car again. I just hope it won't be too hard to find a used LNF Cobalt that early. I might have to buy new. :-/

 

lucky to 9 is rigtht specially if the new balts have came out by then cause they aint gunna want the supercharged models anymore

 

I just traded in my 06' LS with 25,000miles and got $8,800 for it...

 

yeah buying a new car sucks specialy when you want to trade it back in

 

ill total my car and have insurance pay it

 

ehhhh, i put 2k down and got a good deal on my LS, so i broke even after 16months of payments on a 5year loan... that is when i traded it in for my ss/na.

Negative equity is FTL, so dont do it unless you can cover the difference or its no more then $1000 dollars.

 

Definitely...I learned that one from my dad and he taught me by example. That's why I'm trying to pay down to what the trade-in would approximately be and then if it really comes to it, my down payment can take care of some of it... I'm gunna get a hold of GMAC tomorrow and see where I'm at right now.