Last post on Nov 25, 2012 at 10:28 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Chevrolet Cobalt, Coupe, Sedan
#131 of 166 Re: HOW ON EARTH????? [writerhopeful]
Feb 24, 2008 (6:45 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 (12:37 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 (5:08 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 (5:59 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 (12:27 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 (4:40 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.
#137 of 166 Re: Got my 2008 Cobalt LS for $300 over invoice [poncho167]
Jun 09, 2008 (6:26 pm)
Thanks, Ponch. I'll keep that in mind.
I really don't often take long trips, though. I can probably survive without cruise, but it's nice to know that I can have it without spending a fortune.
#139 of 166 2009 Cobalt Price Paid
Nov 01, 2008 (4:10 am)
Just wanted to post how much I paid for a 2009 Chevy Cobalt 10/31/08 in case someone was looking to buy one.
Cobalt LS Sedan with floor mats and side body molding:
Dealer Discount: -1430
GM Card earnings: -2159.58
Purchase Price: 10835.42
Of course I did not include the Tax and DMV cost plus the 67.50 dealer charges to the above price as it varies from state to state.
#140 of 166 Extended Warranty
Nov 02, 2008 (4:55 am)
Did you purchase a "extended warranty" when you bought your car. Is it realy worth it or it's more like a last minute gamble?
I don't know what to do.