Last post on Nov 25, 2012 at 11:28 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Chevrolet Cobalt, Coupe, Sedan
#127 of 166 Re: Decent deal on a 2007 [mikejl]
Feb 09, 2008 (6:05 am)
I used to change out radio's with every car/truck purchase but no more. The radio's nowadays are very good especially the GM Delco's going way back. I good do-it-yourselfer/installer can connect most anything to these radio's wiring wise. No reason to go out and spend hundreds of dollars unless you are one of those who likes the big woofers with extra amplifiers, etc. That will only kill your hearing which you will pay for later in life.
#128 of 166 2008 LS sedan, 5-speed, no options
Feb 20, 2008 (5:10 pm)
selling price $11300
trade-in value $500
AirCheck voucher $3000
amount to finance $7800 + TT&L
I'm waiting on the title to this junker car to arrive so I can get this Cobalt. It qualifies for this AirCheck voucher here in Dallas/Fort Worth because it is more than 10 years old and has been continuously registered for the last 12 months. It also failed an emissions test which is why I'm looking to replace it. Of course I bought it specifically so it would fail so I could trade it in on a new or newer car and get this $3000 voucher.
If I had GM card rebates it'd be even cheaper. Edmunds TMV on the car is right around $12,100 so it's not a bad deal at all at $11,300. I also intend to have the dealer tint the windows nice and dark ($295) and I'm considering adding a center console armrest but haven't got a quote and was thinking of getting that from a junkyard anyway.
Compared to my best deal on a 2009 Corolla base 5-speed with the same equipment plus its standard ABS (AC, CD/MP3, 5-speed, no other options, which didn't impress me much more than this Cobalt at all) at $15,785, it's a real steal of a deal. I thought about a Yaris but I wouldn't be able to live with the gauge cluster in the center of the dash.
I still intend to shop the Nissan Versa and the Honda Fit before I commit to this Cobalt, but with the Auto Show coming, I expect Auto Show bonus cash at the Chevy dealer, taking another $500 or so off, and if I can, I may qualify for a college student rebate as well since I am a full-time student at TCC. I can't remember if that is $400 or $600 or even if it is still offered. I might be financing less than $7500 for a brand new car with less than a hundred miles on it if I do this right! The only used car I'm considering so far is a 2005 Taurus sedan with 60K on it for $5989, and it ALSO qualifies for the AirCheck voucher and the $500 for the Intrepid junker, so I'd be looking at $2489 plus TT&L for a 3-year old car with 60K miles and that also is NOT bad at all.
Feb 22, 2008 (8:55 pm)
I'm currently in the market to purchase a new car. I've decided that I'm getting a Chevy Cobalt. I've been reading the forums and I"m floored at how you people get these amazing deals. I live in Colorado Springs, CO and I swear that these prices are so inflated compared to other places. Even in Denver the prices and values are better. Can someone please tell me a better way to purchase a Cobalt? They are priced around here 2006 LS 30,000 for about $10,000 before tax title and warranty!!! South Colorado Nissan told me that a 2006 LT model with 36,000 as 14,000 before tax title Warranty!!!! Please someone tell me something!!!! Also please tell me what the difference is between the LS and LT models.
#130 of 166 Re: HOW ON EARTH????? [writerhopeful]
Feb 23, 2008 (1:49 am)
You can try negotiating online with a couple local dealers. Online negotiating is pretty popular and you don't have to haggle at the dealership with that. Once you get the final price you just print it out and take the quote into the dealership. Chevy.com will do a dealer locator for you and show you the stock and will also answer the questions about the differences in the car models.
#131 of 166 Re: HOW ON EARTH????? [writerhopeful]
Feb 24, 2008 (7:45 pm)
I just purchased 2008 Cobalt LT in Philadelphia area.
I'm not sure how people buy below invoice, I got my car at invoice price without any "advertisement" or other fees. First I looked on Internet for car with options I wanted (manual, ABS etc.), I used Autotrader.com and Chevrolet.com to "Find a Vehicle", then I call several deallers and asked them to sell those cars at invoice price without any fees. Some of them told me "no" right away, but couple agreed and sent me quote with invoice price (same as it was listed at Edmunds and kbb.com). So deal was:
2008 Cobalt LT coule, manual, Revolution package, Blue flash metallic paint with ralley stripes, Smocker's package - MSRP $16,660 (but because this car was deleavered to dealership in November old MSRP was $16,395)
Invoice price - $15,404.35
Cashback (exp. 3.3.2008) -$1000
President's day cash (exp. 2.28.2008) -$1000
Conquest bonus for non-GM owners (exp. 3.3.2008) -$500
PA and DE bonus in conjuction with auto-show (exp.2.28.2008) -$500
(all this bonuses are listed in Edmunds when you do "price with options", click on "available incentives")
Total price I got in quotes: 12,404.35
At time of purchase they subtracted $1,500 that I have for redemtion at my GM credit card.
Total amount from which I paid sales tax: 10,904.35
Registration $ title: $55
Documentation (dealer fee): $157
Total amount paid: $11,770,61
Note: "LT" models have STANDARD: power windows, power locks, keyless entry, etc. It is not available in "LS" models.
#132 of 166 Re: HOW ON EARTH????? [writerhopeful]
Feb 25, 2008 (1:37 am)
I forgot to mention - 2008 Cobalt I've bought is brand new, 4 miles on odometer.
When you buy used car from a dealer you loosing your bargaining power because every used car is unique, so you can not justify your price. When you buy new, all cars are the same, so you can pick yours from many deallers and make them compete for your purchase.
Mar 08, 2008 (6:08 pm)
I bought a remaining 2007 in January and got a great deal on it. I bought an LS coupe with the auto tranny being the only option. The MSRP was around $14,500. After the factory rebate, GM Red Tag, $1,000 for my trade in, and an extra $1,000 off because my grandpa worked for GM, I got it for $10,300. The service is always great at the dealer I went to (I bought a used car from them before) and everyone is genuinely friendly. I knew just about everything about the Cobalt before I went in so the dealer spent about maybe 2 minutes explaining things to me about features, etc.
#134 of 166 Re: HOW ON EARTH????? [writerhopeful]
Mar 08, 2008 (6:59 pm)
When I bought our Cobalt, I found several 1-2 year old Cobalts costing more than new. Chevy needs to move cars and the key is all the extra incentives, watch for them. Don't trust the dealer to tell you about all of them. Once you build at least $3,000 of incentives, you will be probably be better off buying new. You need to get the dealer to discount the car first, BEFORE the incentives. We got about $750 of a $16,295 MSRP. You may do even better. Our incentives amounted to $5,000, but that included GM card earnings of $1500. In January they doubled the GM earnings, now they are offering these other bonuses. Once you get that far into the deal, watch for the extra charges. Tell them plainly you won't pay them. Prep fees are BS. You obviously need to pay registration and some $ for them to do the paperwork (~$50), but as a dealer, their job is to prep the car and not add it as a charge. To meet their quotas, taking it off their lot by the end of the month is a bonus for them, so time your purchase. If they start tacking on fees and and it is the last week of the month, I am sure if you get up to walk, those fees will quickly disappear. If you don't buy your Cobalt with these incentives, and trade it in 3 years, you will take a beating. Just check the trade in on a 3 year old. Once I saw that, there was no way I would pay $15K for one. Good news is, our mother has been very happy with the car so far. Good Luck and find a dealer you can trust.
#135 of 166 Got my 2008 Cobalt LS for $300 over invoice
Jun 07, 2008 (1:27 pm)
I was able to get my brand new 2008 Cobalt LS four door sedan with automatic tranny and rear spoiler for $300 over invoice at Browning Chevrolet in Madisonville, KY.
This was a very stripped down car, with no power windows or power locks and no cruise control. The only listed options were the auto tranny and the rear spoiler.
Sticker price was $15,530, including the destination charge, and Browning knocked off $374.40. This left the dealer with a margin of $300 over invoice, and, of course, he got his 3% "hold back." I was actually surprised that they knocked anything off sticker price, since the Cobalts were selling like hot cakes, and I was getting the last one in their inventory.
Sales tax was $677.18, license and registration was $52, and the dealer "document fee" was $199. (Why don't they just call that "document fee" something like "Get your hands up and let me take $200 out of your wallet just cause I can fee?")
A GM rebate of $2000 plus my GM Credit Card earnings of $1869.29 were applied, along with the $500 I was allowed for my 89 S-10 beater pickup with a salvage title that I traded-in with 219,6xx miles on it. (Plus I avoided paying an A/C repair bill in the dealer's service department by trading-in the truck. They were working on my S-10's A/C when I bought the Cobalt.)
I ended up financing only $11,714.49. Not a "killer" deal maybe, but a decent one, I think.
I think I will like this little car just fine, but I know I will miss cruise control when I am traveling. This is my first car with XM radio, and I think it will be hard to give up when the free three month subscription runs out. I might just have to sign up.
#136 of 166 Re: Got my 2008 Cobalt LS for $300 over invoice [tsjay]
Jun 08, 2008 (5:40 am)
You can have an aftermarket cruise control installed. I had one done on my S10 for my highway travels through Canada. It lasted about 8-years before going bad. A lot of sterio stores do it. Look up auto services in your local phone book. If mechanically inclined you can do it yourself otherwise expect around $150 or so to have it done.