i have an '06 cobalt that i just bought august of '06. about how long should i wait to trade it in?

Question

this is my 1st car purchase, i bought it b/c i needed a car right away and my job offered discounts for gm cars, so it was convenient. i got a very low apr and want to know when would be the right time for trade ins

Answer 1

You bought it less than a year ago so why are you concerned with trading it? If you don't like it then yeah trade it in, otherwise take care of it and trade when major problem arise.

Answer 2

you wait until you got your money out of it.
if you bought the base model, you paid around $13,000 for it.
The vehicle looses 20% of its value the day you take it off the lot:
the car is then worth $10,400. (blue book value).
if you drive normally, then 15,000 miles a year: price drops-$1500.
value-$8,900
trade in... youre not going to get anywhere near blue book value for a trade in, because that dealer has to make a profit off it. so expect $2000 under bb.
vehicle worth-$6900
in the year youve owned it, have you gotten $6000 out of it? if you think buying a $6000 car a year is a smart investment, then youve gotten your money out of it.
If you cant imagine spending $6000 on a car a year, then you havent gotten your moneys worth.

Answer 3

Cobalt is 1 of the worst pieces of junk G M has made in a long time.I"m suprised all the parts havent fallen off in the street by now.Dump it ASAP

Answer 4

I think we would need to know your financial status, can you send a report?

Answer 5

before it starts to fall apart and since it is a g-m product that will be soon.