WHY do I want one so bad? - Toyota Yaris Forums

roxy1 · 03-31-2009, 08:21 PM

even if you pull 40 mpg in a new yaris, i believe you will never recover the losses of that trade. for example, at 17k miles per yr and 28 mpg in the cobalt, you will spend $1214/yr in gas. at 40 mpg in yaris, you will spend $850/yr in gas. so, you will save $364 per year. after 10 yrs and 170,000 miles, you will have saved $3640 in gas by driving the yaris. that wont even come close to covering the trade loss if the cobalt only trades for $8000.

assuming you paid about $14k for the cobalt and you really dont mind losing $6,000 on a trade and you have your heart set on the yaris (which it sounds like you do) then, hey, its your money. you may want to visit a dealer and see what they would realistically give you on a trade.

GM is not going to go under. they will either get bailed out or, more likely, file for bankruptcy. the resale on a cobalt is already awful to the point that you will never get much money for it. the only value you will get out of it is to drive it until it cant go any more.

this isnt like trading in a 1 yr old toyota or honda after 1 yr, where you would still get very good value for the trade. the cobalt lost about $6k in value in only 1 year.

sorry, just trying to be the voice of reason. drive that cobalt into the ground for 10 years. by then, there will be all types of new fangled hybrids and who knows what else pulling 70 mpg's.

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03-31-2009, 08:21 PM	#11
roxy1 Drives: 2014 yaris 5 speed Join Date: Aug 2006 Location: michigan Posts: 642	even if you pull 40 mpg in a new yaris, i believe you will never recover the losses of that trade. for example, at 17k miles per yr and 28 mpg in the cobalt, you will spend $1214/yr in gas. at 40 mpg in yaris, you will spend $850/yr in gas. so, you will save $364 per year. after 10 yrs and 170,000 miles, you will have saved $3640 in gas by driving the yaris. that wont even come close to covering the trade loss if the cobalt only trades for $8000. assuming you paid about $14k for the cobalt and you really dont mind losing $6,000 on a trade and you have your heart set on the yaris (which it sounds like you do) then, hey, its your money. you may want to visit a dealer and see what they would realistically give you on a trade. GM is not going to go under. they will either get bailed out or, more likely, file for bankruptcy. the resale on a cobalt is already awful to the point that you will never get much money for it. the only value you will get out of it is to drive it until it cant go any more. this isnt like trading in a 1 yr old toyota or honda after 1 yr, where you would still get very good value for the trade. the cobalt lost about $6k in value in only 1 year. sorry, just trying to be the voice of reason. drive that cobalt into the ground for 10 years. by then, there will be all types of new fangled hybrids and who knows what else pulling 70 mpg's.