Thread: Advice Selling '05 Chev Cobalt...help?
-
Sep 22nd, 2007 07:00 PM
#1
Advice Selling '05 Chev Cobalt...help?
So here's the Situation:
I recently purchased my 1st house which is MUCH closer to my job. Before I had a 160km commute and for that reason I had a 2nd car to rack up the kms/ Wear & Tear. In the winter the Cobalt was not used at all.
SO.. Being closer to work and having that added financial burden I decided to get rid of basically both cars and get one cheaper used vehicle for daily driving. The car is a 2005 Cobalt SS Supercharged version in mint shape, fully loaded with 29k kms. I see '05 and '06's with more kms selling in the $19-21k price point on autotrader.ca
I aggressively priced my car at $17,500 and figured I'd have an easy time getting that price, well I got ONE phone call about it and it went nowhere. A friend mentioned I actually priced it Too low and scared people off. Where did I go wrong, or what would you advise me to do? I'm not too keen on trading it in since they will only give me black book which is less than I owe on the car. And basically I'd be back owing the same amount on another car.
I've let the Ad on autotrader lapse and was going to wait until next week to re-do the add with an improved description, new pic and new phone# (so basically it look slike a fresh ad) Bad idea or waste of time?
Is it the time of year, poor ad, un-desirable car, bad luck
Any advice would be appreciated.
Oh yeah I owe in the $14k range on the car
-
-
Sep 22nd, 2007 07:29 PM
#2
I would price it at the going rate. Obviously as it gets closer to winter it will be harder to sell your car.
The fact that the SS has been discontinued doesn't help your potential pool of buyers.
-
Sep 22nd, 2007 07:59 PM
#3

Originally Posted by
chickenbones
The fact that the SS has been discontinued doesn't help your potential pool of buyers.
Actually it does, because you can't get it anymore and it is the highest performance version of the car.
I think part of the reason you may be having a hard time selling the car is because many ppl buying a car like this (quick/performance oriented but still in the economy/small car segment) simply don't have the cash to just purchase one all-out, just like that. With financing rates from GM like 0% financing or 1.5% lease rate, along with other new car incentives, it makes more sense for some people to buy or lease a new one rather than get a bank loan with a lot higher interest rate, and buy yours from you. This may not be all of the reason, but it still is part of it I'm sure.
For example I know ppl that would be interested in a car like this but it makes more sense for them to take over someone else's lease for a few years, or to try to buy a new one instead, for the exact reasons stated above.
I seriously doubt that price is "too low" and "scaring" potential buyers away. It's only a couple thousand within the price of others. Since you owe a bit less than even that, and don't want to trade it, your last resort would probably be to price it at just around what you still owe on it--at least that way you're not going to lose money.
Did you try posting it on Cobalt forums or perhaps J-Body forums? You might find some interested people there. Out of curiousity what colour is it and does it have the matching interior or the grey/black interior?
-
Sep 23rd, 2007 12:55 PM
#4
But my biggest question is whats the Going rate then?
As for the car, it's red with the red/black leather interior.
-
Sep 23rd, 2007 05:53 PM
#5
I would buy it in a second if I didn't have a new car. Those cars are awesome
-
Sep 23rd, 2007 06:06 PM
#6
hang on to the car for a few more years, and when i finally get out of school i will buy it. its sad they discontinued that car, i really liked it. only the SS version though.
put it back on trader, it will sell eventually, price it in the middle of all the others.
-
Sep 23rd, 2007 06:36 PM
#7

Originally Posted by
Alvito
hang on to the car for a few more years, and when i finally get out of school i will buy it. its sad they discontinued that car, i really liked it. only the SS version though.
put it back on trader, it will sell eventually, price it in the middle of all the others.
Blame the greeniks for the death of the Cobalt SS. It doesn't meet new stringent federal emmission standards. I hate the Cobalt....I love the Cobalt SS.....RIP.
-
Sep 23rd, 2007 08:19 PM
#8

Originally Posted by
Alvito
hang on to the car for a few more years, and when i finally get out of school i will buy it. its sad they discontinued that car, i really liked it. only the SS version though.

Originally Posted by
Slippery_Pete
Blame the greeniks for the death of the Cobalt SS. It doesn't meet new stringent federal emmission standards. I hate the Cobalt....I love the Cobalt SS.....RIP.
The Cobalt SS (2.4L 170hp) is still alive and well. They just renamed it to Cobalt w/Sport Package or something. The Cobalt SS Supercharged (the one with the 2.0L 205hp engine) is the one that got discontinued. They were two different models with the former also being available in sedan version (SS S/C was only available as a coupe).
So if you you guys liked the SS, rest assured you can still get one, only without the SS nameplate (which Chevy was saying was overused anyway, which it was).
-
Sep 23rd, 2007 08:25 PM
#9
i would wait it out until next spring. dont be rushed into selling it and losing alot of money. a car with 29k wont drop in value that much.
-
Sep 23rd, 2007 08:45 PM
#10

Originally Posted by
ES_Revenge
The Cobalt SS (2.4L 170hp) is still alive and well. They just renamed it to Cobalt w/Sport Package or something. The Cobalt SS Supercharged (the one with the 2.0L 205hp engine) is the one that got discontinued. They were two different models with the former also being available in sedan version (SS S/C was only available as a coupe).
So if you you guys liked the SS, rest assured you can still get one, only without the SS nameplate (which Chevy was saying was overused anyway, which it was).
Well the supercharged version was the only one worthy of the SS nameplate...so its good that they are dropping the nameplate.
-
Sep 23rd, 2007 08:45 PM
#11
Good car.. worth more than 17,500 for sure.
Try Craigslist if you don't want to renew the trader ad.
-
Sep 27th, 2007 09:10 PM
#12
Thanks for the advice. I'll try it in the auto trader again next week at a different price, or just hold on to it for a few months and try again in the spring.
As for the model, I'm glad they dropped the SS moniker. I was actually kinda pissed that right after I got the SS S/C they came out with an SS Coupe/sedan. I felt it watered down the brand and my car lost some of its differentiating qualities. Great little car though, fastest car I've ever driven that still gets 500kms to a tank and costs less than $40 to fill it on premium.
I hate when people compare it to a Cavalier, having owned many this car is light years ahead of those ***** boxes.
Any other advice or thoughts?
-
Sep 27th, 2007 09:22 PM
#13
I've been thinking.. are there no Chev enthusiast forums you could post your car on? Maybe an autocross forum or somehting along those lines as well.
If I hadn't just purchased a car I'd consider yours for sure.
-
Sep 28th, 2007 12:31 AM
#14
wait...so is yours the Supercharged 205hp or just the 170hp one?
-
Sep 28th, 2007 10:40 AM
#15
It's Supercharged and stage 2..so 250HP
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
Forum Rules