Ownership Cost for 2010 Chevrolet Cobalt LS
Estimated: $34950 over the next 5 years
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
|---|---|---|---|---|---|---|
| Depreciation | $1796 | $862 | $754 | $682 | $611 | $4705 |
| Insurance | $1655 | $1713 | $1773 | $1835 | $1900 | $8876 |
| Fuel | $1368 | $1409 | $1459 | $1517 | $1585 | $7338 |
| Maintenance | $2467 | $1437 | $844 | $577 | $2155 | $7480 |
| Repairs | $854 | $1025 | $1166 | $1288 | $1486 | $5819 |
| Taxes & Fees | $492 | $492 | $492 | $492 | $492 | $729 |
| Total Ownership Costs | $8633 | $6503 | $6068 | $5945 | $7800 | $34950 |
| Model year | COMPONENT | Complaint |
| 2007 | STEERING:COLUMN | TL*THE CONTACT OWNS A 2007 CHEVROLET COBALT. THE CONTACT WAS MAKING A RIGHT TURN AT APPROXIMATELY 5 MPH WHEN THE POWER STEERING FAILED WHICH MADE THE VEHICLE VERY DIFFICULT TO MANEUVER INTO THE DRIVEWAY. THE CONTACT STATED THAT THE ELECTRIC STEERING FAILED AND HAD TO BE REPLACED. THE DEALER REPLACED THE ENTIRE STEERING COLUMN AT THE CONTACTS EXPENSE. THE MANUFACTURER WAS NOTIFIED AND STATED THAT THERE WERE NO RELATED RECALLS OR WARRANTIES RELATED TO THE FAILURE. THE FAILURE MILEAGE WAS 50,000. |
| 2010 | STEERING:ELECTRIC POWER ASSIST SYSTEM | I PURCHASED THE CAR ON 3/12/2012, AND TOOK POSSESSION OF THE CAR ON 3/15/2012, I HAVE NOT EVEN MADE MY FIRST PAYMENT YET. WHILE DRIVING ERROR MESSAGE ON DASH DISPLAYED "POWER STEERING" AND WARNING CHIME SOUNDED AT THE SAME MOMENT THE POWER STEERING FAILED, EACH TIME THE VEHICLE IS STARTED, APPROX. 100 FEET AFTER PUTTING IT IN DRIVE THE WARNING LIGHT DISPLAYS "POWER STEERING" AND WARNING CHIME SOUNDS AND ONCE AGAIN THE POWER STEERING FAILS. WE CHECKED THE CHEVY SITE AND IT STATES THAT THERE IS NO RECALL ON THIS VEHICLE, BUT THROUGH RESEARCH (AFTER THE FACT) I SEE THAT CHEVY COBALT 2005 - 2010 WERE RECALLED FOR THIS VERY PROBLEM IN 2010. THROUGH EMAILS WITH A CHEVY REPRESENTATIVE OF THE LOCAL CHEVY DEALER, THEY STATED THAT THEY ARE NOT AWARE OF ANY RECALLS EITHER. THIS IS A SAFETY HAZARD, AND I AM UNABLE TO DRIVE THE VEHICLE AND STILL OWE $13000 ON IT. *JS |
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