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Chevrolet Cobalt Prices Paid and Buying Experience

166 messages,  Last post on Nov 25, 2012 at 11:28 PM

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What is this discussion about? Chevrolet Cobalt, Coupe, Sedan

    

Messages Page 13 of 17

#117 of 166 Re: Cobalt Rebates?? [webbe] by poncho167

Sep 15, 2007 (5:34 am)

Replying to: webbe (Sep 14, 2007 6:33 am)
Plan 1 said 0%-7.9%. I am not sure I know what that means. I guess if you have good credit you may get 0% financing, if not it will very. You could also call a dealer and see what they say and if different, let them know you have some figures.

#118 of 166 2008 Cobalt LT Sedan by dad2be

Dec 05, 2007 (1:46 pm)

Not too much activity on this board, but I'll post this anyway just in case folks are looking at the Cobalt. I just helped a friend negotiate a deal on a 2008 Cobalt LT sedan. Not my first choice among small cars, but it met her main criteria: cheap new small car with basic safety and power equipment options, but not as small as a sub-compact. The car specifics:
 
2008 Cobalt LT Sedan with:
- Automatic Transmission
- ABS/Traction Control (Side Curtain airbags are now standard for 08)
- Cruise Control
- Remote Start
- Body side mouldings
 
The price details:
- MSRP 16885 (incl destination)
- Invoice 16192 (incl destination), minus the following:
- $1000 Rebate
- $500 Conquest Cash
- $1000 in additional dealer cash certificates on 08s ($250 certificates, use up to 4)
- $300 of dealer holdback
 
Final price: $13392 + 6% PA Sales Tax + Tags
 
I think this is pretty good for an 08, especially since it was at the beginning of the month and the car was not in stock - they did a locate to get a car in her preferred color (Imperial Blue) with the correct options. I got two other quotes and both were higher by at least $400 (and these dealer had the cars on the lots.)
 
The $1000 in dealer certificates was not publicly advertised - they brought it up when I mentioned I would be getting a few other quotes. The certificates were also not available on the 07s - only the 08s. If someone has GM Card points or qualifies for other discounts (military, etc), then they could make out even better.
 
Hope this info helps if there are any Cobalt shoppers out there...

#119 of 166 Re: 2008 Cobalt LT Sedan [dad2be] by jtk152

Dec 06, 2007 (7:48 pm)

Replying to: dad2be (Dec 05, 2007 1:46 pm)
That's a great deal. Albeit impossible to do better, My totally basic 2007 LS auto ran me ~$12100+ tax & tags in June 2007. You got a lot more options for an extra grand. You can't buy a new Kia, Hyundai,etc.. for $13K.

#120 of 166 2008 Cobalt LT Sedan by barnowl3

Jan 19, 2008 (5:13 pm)

Here's the deal I got on an '08 Cobalt, LT w/ AT & cruise. MSRP $16295 (w/ dest chgs). Discounted to $1550 (~invoice) - $1,000 rebate and -$1,000 GM loyalty = $13,550. GM card bumped my earnings from 1600 to 3,000 (3K top off until 1/31)= final price of $10,550. NY sales tax was charged on $15,550, which IMO is a rip off to pay tax on $2,000 of discounts. Definitely a good deal, but considering the car will only see about 12M miles in 3 years and will depreciate to $7800, I wasn't willing to pay any more. Hopefully it runs right and doesn't have warranty issues. Dealers seem slow this month, check your GM card for the bonus.

#121 of 166 Re: 2008 Cobalt LT Sedan [barnowl3] by poncho167

Jan 20, 2008 (6:58 am)

Replying to: barnowl3 (Jan 19, 2008 5:13 pm)
I don't know, that sounds fishy to me. I am not sure about the discounts but I would think it would be the same as if you negotiated a final price of say $13,000 from a MSRP of $15,000 for example. Legally they can only tax you on the $13,000 not the original $15,000 MSRP, but the discount thing I am not too sure about, but it doesn't sound correct to me. Good deal otherwise.

#122 of 166 Re: 2008 Cobalt LT Sedan [poncho167] by jtk152

Jan 20, 2008 (7:24 am)

Replying to: poncho167 (Jan 20, 2008 6:58 am)
Poncho, it depends on how the incentives are specified. If it's a "cash back" incentive, it works just like you had that cash in hand. You pay your State sales tax based on your negotiated sale price of the vehicle, then use your incentive cash as money down. An incentive that is cash off of MSRP works out a bit better since it reduces the taxable amount due. Trade-ins are nice too since it works just like a cash off of MSRP incentive. I paid $80 NY State sales tax on my new Cobalt because my trade-in value nearly exceeded the price of the Cobalt.
 
Joel

#123 of 166 Re: 2008 Cobalt LT Sedan [jtk152] by barnowl3

Jan 20, 2008 (9:41 am)

Replying to: jtk152 (Jan 20, 2008 7:24 am)
I guess the $1,000 cash rebate would be taxed, but I assumed the $1,000 loyalty was a discount, but I see now that they call it bonus cash. It is too bad they call them 'rebates' or cash, since the money never changes hands and it is taken right off the price, so IMO it should not be taxed. There must be some advantage to GM in doing it this way.
The trade in issue in NY can be a topic for another thread! If I sold my car on my own, I don't get sales tax credit for it, but you do at the dealer. Gives the dealer an unfair advantage.
Oh well, those are the rules of the game.

#124 of 166 Decent deal on a 2007 by mikejl

Jan 30, 2008 (11:35 am)

Just pulled the trigger on a new 2007 2LT Cobalt, Sport Red Tint, Auto, Spoiler, Remote Start
 
MSRP - 17915, invoice - 17050
The deal was 550 off invoice, less 1,750 GM rebate, less 500 Conquest rebate for a net of 14,250.
 
There are still a few new 2007 models around, especially if you are willing to drive a little farther than you normally would. I negotiated this deal over the phone, subject to actually seeing and driving the car when we picked it up, so it wasn't too much of a hassle.

#125 of 166 Re: Decent deal on a 2007 [mikejl] by pjm16

Jan 31, 2008 (6:21 pm)

Replying to: mikejl (Jan 30, 2008 11:35 am)
You're a Very Trusting person! Over the phone? Whew,lucky you. Do you like it? I just got my cobalt Dec. 20, 2007,It's a 2008,I really like it.

#126 of 166 Re: Decent deal on a 2007 [pjm16] by mikejl

Feb 08, 2008 (8:39 am)

Replying to: pjm16 (Jan 31, 2008 6:21 pm)
The deal was not done until I drove and accepted the car, but I had looked at others with the same options, so I knew what I was getting.
 
I do like the car. It handles well and is a lot of fun to drive. I haven't had a chance to drive it more than 40 miles in a single trip yet. I'm looking forward to driving it on a long weekend trip of 250+ miles (each way) when the weather improves.
 
I know this isn't exclusive to Cobalts, but I really like the XM radio that came with it. I am much more impressed than I thought I'd be.
 
I also like the mpg. A lot.

Messages Page 13 of 17

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