Ownership Cost for 2008 Chevrolet Cobalt LT
Estimated: $35650 over the next 5 years
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
|---|---|---|---|---|---|---|
| Depreciation | $1605 | $770 | $674 | $610 | $546 | $4205 |
| Insurance | $1573 | $1628 | $1685 | $1744 | $1805 | $8435 |
| Fuel | $1472 | $1516 | $1569 | $1632 | $1705 | $7894 |
| Maintenance | $2763 | $1558 | $860 | $538 | $2291 | $8010 |
| Repairs | $977 | $1138 | $1298 | $1417 | $1627 | $6457 |
| Taxes & Fees | $439 | $439 | $439 | $439 | $439 | $651 |
| Total Ownership Costs | $8828 | $6660 | $6149 | $5982 | $8031 | $35650 |
| Model year | COMPONENT | Complaint |
| 2005 | STEERING | TL* THE CONTACT OWNS A 2005 CHEVROLET COBALT. THE CONTACT STATED THAT WHILE IT WAS PARKED WITH THE ENGINE RUNNING, THE POWER STEERING LIGHT ILLUMINATED AND THE STEERING LOCKED. THIS HAS OCCURRED ABOUT A TOTAL OF 6 TIMES. THE VEHICLE HAS NOT BEEN DRIVEN EVER SINCE IT LOCKED UP. THE FAILURE ONLY OCCURS WHENEVER THE VEHICLE IS TURNED ON . THE DEALER WAS CONTACTED AND THEY ASKED THE CONTACT TO BRING IN THE VEHICLE, HOWEVER THE CONTACT HAS NOT TAKEN THE VEHICLE TO THE DEALER BECAUSE THE POWER STEERING WILL LOCK UP . THERE HAVE BEEN NO REPAIRS DONE TO THE VEHICLE. THE FAILURE AND CURRENT MILEAGE WAS 55493. |
| 2008 | STEERING | TL*THE CONTACT OWNS A 2008 CHEVROLET COBALT. WHEN THE VEHICLE IS IN MOTION, THE POWER STEERING FAILS AND THE WARNING INDICATOR ILLUMINATES. THE DEALER STATED THAT THE POWER STEERING COMPONENT WAS BURNED. THROUGH ONLINE RESEARCH, THE CONTACT DISCOVERED SEVERAL COMPLAINTS ON THE STEERING. THE VEHICLE WAS OUT OF WARRANTY AND THEY STATED THAT THE REPAIR WOULD COST APPROXIMATELY $12,000. THE FAILURE AND CURRENT MILEAGES WERE 63,000. |
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