Last post on Sep 28, 2012 at 8:44 AM
You are in the Speed Shop Tuning and Modification
What is this discussion about?
Chevrolet Cobalt, Performance Mods
#5 of 8 Re: Keep it or Sell it? [vahdyx]
by steve_ HOST
Sep 27, 2012 (4:55 pm)
The True Cost to Own tool will let you compare depreciation and other "holding" costs over a 5 year period for new cars. Depreciation seems to run around 10% a year for those years and then drop off. There's no tool for "emotional" value though and I think you answered your own question with your question - "you're not 100% happy with".
Life is short, drive what you like.
Of course, driving them forever is more financially sound, but it sounds like the driving experience is one of your higher priorities. Something else can likely slide in exchange.
Pretty smart keeping the stock parts around. I'm one of those who walked away from a modded vehicle years ago because I didn't trust the reliability. With luck, you'll be able to sell the mods and recoup some of those costs too.
#6 of 8 Re: Keep it or Sell it? [vahdyx]
by Mr_Shiftright HOST
Sep 27, 2012 (8:14 pm)
Well judging from your past history with cars, if you sell the Cobalt, you'd better pick something that is also a kick in the pants, otherwise I suspect that you (like ME!) are going to get bored quickly. I sold my Subaru for a Mini Cooper S. Was the Subaru a better, more reliable car? Yes. Did I lose money selling the Subaru? Yes. Was the AWD and station wagon configuration more practical than a MINI? Yes.
Am I sorry I sold the Subaru? No.
Also I think your view of the market for the Cobalt and the Caliber SRT-4 is a tad optimistic. More like $16K for the Caliber. And remember, a Caliber SRT-4 even with modest options sold for $30,000 no problem, so the resale really isn't that good compared to your Cobalt.
#7 of 8 Re: Keep it or Sell it? [Mr_Shiftright]
Sep 27, 2012 (11:35 pm)
Okay cool, I get what you guys are saying. It's pointless to try and figure out what the best choice is by adding variables taking away rules etc. I'm just making it way to complicated.
Just ge what I like, who cares what it does and what it doesn't, just as long as I'm happy with it.
I knew this all along, I think, I just didn't want to think for myself so to speak.
LOL, and yes I get bored very fast, so I'm gonna need that kick in the pants haha.
Here's a link to the Calibers I referenced, they are 18-19k for less than 35k miles and the other is less money, but it has 50k miles
http://www.cars.com/for-sale/searchresults.action?prMx=20000&sf1Dir=DESC&prMn=0&- mkId=20012&mdId=20794&rd=75&crSrtFlds=stkTypId-feedSegId-mkId-mdId-pseudoPrice-t- rId&PMmt=1-1-1&stkTypId=28881&sf2Dir=ASC&sf1Nm=price&sf2Nm=miles&isDealerGroupin- g=false&trId=25139&rpp=50&feedSegId=28705&searchSource=GEO_SEARCH&pgId=2102&zc=8- 0033
The link is rather long, but if it doesn't work then what ever, it's not that important.
#8 of 8 Re: Keep it or Sell it? [vahdyx]
by Mr_Shiftright HOST
Sep 28, 2012 (8:44 am)
Well "asking prices" are merely the car dealer exercising his First Amendment Rights. He can ask whatever he wants, but I'm just not seeing how an SRT-4, of all things, would command such a high book price. I feel certain you could buy either of those $18K cars for $16K. The SRT-4 certainly has no more refinement than your Cobalt.