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Old 04-27-2010, 02:50 PM
 
73 posts, read 333,310 times
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I'm looking looking at some 2010 Chevy Cobalts online which are being listed at the dealerships around 12-13K with an original MSRP of almost 17K. They are currently advertising 3K cash back or 0% financing. Is this in addition to the discount listed (and any further negotiations) or would the listed price include the 3k cash back?
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Old 04-27-2010, 03:31 PM
 
Location: Chicago
38,707 posts, read 103,176,801 times
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Best way to know for sure is to go down and ask. Typically when a ridiculously low price is advertised, it includes all possible incentives/rebates/etc. So don't get to thinking you're going to walk out having paid 10 grand.
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Old 04-27-2010, 04:52 PM
 
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It probably is not. 3k cash back is a massive cut, they usually only do 1 - 1.5 k. Though, depending on your money down and/or your interest rate, the 0% down can end up saving you money. Every GM vehicle I've ever thought of getting comes with a nice 6.9% rate which instantly throws them out the window of consideration.

I am not a fan of the Cobalt even before they stated they were stopping production. I read they are one of the most expensive vehicles to own due to massive depreciation and maintenance.

2010 Chevrolet Cobalt Reviews, Pictures and Prices - U.S. News Rankings and Reviews

If you want something small and inexpensive, check out this list. I find it too be a good list and pretty accurate.
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Old 04-27-2010, 04:59 PM
 
Location: Purgatory (A.K.A. Dallas, Texas)
5,007 posts, read 15,422,379 times
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Quote:
Originally Posted by chicubs View Post
I'm looking looking at some 2010 Chevy Cobalts online which are being listed at the dealerships around 12-13K with an original MSRP of almost 17K. They are currently advertising 3K cash back or 0% financing. Is this in addition to the discount listed (and any further negotiations) or would the listed price include the 3k cash back?

Chevy usually does cash back or 0%, but not both.


The advertised price will include all the rebates, typically. There's not anywhere close to that much mark-up in Cobalt.
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Old 04-27-2010, 06:15 PM
 
Location: Eastern Washington
17,216 posts, read 57,072,247 times
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I just have to point out that for the price of a *new* Cobalt, there are a host of CPO or even outright used cars that won't club you over the head with depreciation, and are just better cars.

Awhile back I posted up about renting a Focus and then a Cobalt. The Focus, a "sport wagon" model, actually struck me as an OK car, but the Cobalt reminded me that "I only paid for a cheap seat" at every turn.

Toyota is getting a lot of bad press, but consider this - even if they *do* have an unintended acceleration problem, if it's all true and more and worse besides, if you buy a Toy with a stickshift, even if it *does* go loco on you, you can always kick in the clutch, let the engine sit on the rev limiter till you can get it shut off, and brake to a stop. But the prices are down for stickshifts just as much as automatics, and you can get the same friendly 60 months 0% deal IIRC.

If you go buy for example a Corolla S 5-speed today, I expect you will still be driving it and liking it in 5 years when it's paid off. The Cobalt, not so confident you will still have it, and doubt you would still like it.
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