Should all Cobalt forums join into a class action lawsuit against GM?
03-26-2014, 08:53 AM
#52
Senior Member
iTrader: (6)
OP you're upset that you've lost money on the resale value? Yet you purchased cheaper than some people who had bought used SS's in the last 2 years. You'll still be able to sell it for 15k quick, 3.5k loss over 3years is nothing on a car. Never buy a Cadillac if you're worried about resale
03-26-2014, 09:26 AM
#53
I think that most of you that are reading this thread are missing the point I was trying to make. If you paid $20,000+ for your car, and because of all the litigation issues regarding the car, the value drops to perhaps 80-90% of book value, then we all have a problem. I did not pay cash for my 2010 Cobalt SS. I financed it. I got a really good deal on the car, but if it only worth 20-30% of what I still owe, then I should sell it and cut my losses.....that is "if" I can sell it.
GM could be liable for loss of value. What you paid verses what the vehicle "should" be worth in 4-5 years.
Old Veteran Car Dude
GM could be liable for loss of value. What you paid verses what the vehicle "should" be worth in 4-5 years.
Old Veteran Car Dude
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09-14-2015 10:52 AM