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 |
| 2006 | STEERING | I OWN A 2006 CHEVROLET COBALT LS. WHEN I PURCHASED IT IN JANUARY 2008 IT HAD APPROXIMATELY 62,000 KMS. IN THE LAST YEAR I HAVE DRIVEN IT FOR APPROX. 9000 KM. IN JULY 2008 I HAD MY FIRST PROBLEM WITH THE POWER STEERING. I WAS DRIVING OUT OF MY DRIVEWAY AND THE POWER STEERING LIGHT CAME ON. THE CAR IMMEDIATELY STOPPED WORKING AFTER SHAKING FOR 2-3 SECONDS. I RE-STARTED THE ENGINE AND THE CAR MOVED BUT THE BRAKES WERE SHAKY AND IT SEEMED AS IF I WAS OUT OF GEAR. I TOOK THE CAR TO THE DEALER 2-3 DAYS LATER AND THEY REPLACED MY WHOLE STEERING COLUMN WITH A COST OF CLOSE TO $1000 AT THE TIME AS MY CAR WAS OUT OF WARRANTY. THE PROBLEM WENT AWAY FOR A FEW MONTHS BUT UNFORTUNATELY LAST NIGHT IT BEGAN AGAIN (DECEMBER 21). THE POWER STEERING LIGHT CAME ON AND THE VEHICLE STARTED SHAKING WHILE I WAS DRIVING AT 40 KM/H. I DID NOT LOSE CONTROL BUT IT MADE MY DRIVE REALLY DIFFICULT AS I WAS DRIVING ON ICY ROADS. SAME AS IN THE SUMMER THE BRAKES WERE SHAKY AND THE ENGINE WAS OUT OF GEAR AND ACCELERATING WAS HARD TO CONTROL. AFTER STOPPING AT A GAS STATION AND RE-STARTING THE ENGINE THE CAR WORKED FINE. I AM TAKING THE CAR TO THE DEALERSHIP AGAIN, BUT I CANNOT BELIEVE HOW GM DOES NOT RECALL THIS CAR AS HUNDREDS OF PEOPLE REPORT THE SAME PROBLEM. IT'S REALLY DANGEROUS TO HAVE THE POWER STEERING GO OFF RANDOMLY. AND I DON'T EVEN KNOW WHAT THIS IS GOING TO COST NOW.. I HAVE SPENT OVER $1500 IN REPAIRS FOR THIS FAULTY CAR JUST IN THE LAST 6 MONTHS! *TR |
| 2008 | STEERING | 2008 CHEVROLET COBALT ONLY 16,000 MILES AND POWER STEERING IS GONE WHEN DRIVING ON CITY OR HIGHWAY, THIS IS A HIGH RISK PROBLEM I CANNOT BELIEVE IT HAS NOT BEEN SOLVE IN A 30 MINUTES RESEARCH ON THE INTERNET I HAVE SEEN HUNDREDS OF THIS CASES. *TR |
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