Vehicle
2006 cobalt ls 2dr 5speed
6000miles
Excellent
$11,850
Good
$11,085
Fair
$9,770


i dont feel bad since i paid less then that Excellent price

 

The real problem with values falling on used HHRs is when you total it in a accident. You may be upside down on the loan. You'll have to actually pay to get your car replaced. I made a large downpayment but it appears I won't get that back for several years.

I think a few years down the road when the reliability of the HHR is proven, the resale value will be much better. Just hold on to it a little longer folks!

 

Insurance is insurance. You can get gap insurance or you can tell the insurance company you want to value your vehicle for more money. It'll cost you a little more on the insurance side but at least you will be covered. With all the mods to Harvey, I told my insurance company I wanted to increase the value an additional $10,000.00 and they said ok. It didn't cost that much more.

Check out "DejaVous Rondevous with Harvey" California 7-21-07

See ya down the road

Bud / Harvey

 

I'm sure that helps. But when mine was stolen last September. I showed my insurance the photo's and reciepts of work done. They covered it. I did not have to pay extra. I'm sure it varies from area to area.

 

trade in value for mine with 15900 miles is $15600
out of curiosity I dropped the milage to 1500 and it only added $75 to the value

 

That's strange.....

Mine spec's for $15550, trade value, with 4800 miles on it. When I changed the mileage to 15000, it reduced the price by $1050.

 

[QUOTE=SandyBeach;114469]The real problem with values falling on used HHRs is when you total it in a accident. You may be upside down on the loan. You'll have to actually pay to get your car replaced. I made a large downpayment but it appears I won't get that back for several years.(QUOTE)

That's my biggest worry! Especially the way my Wife drives!

 

A little off-topic... but still relates...

When I totalled my 04 Saturn ION, I still owed close to $10,000 on the loan, and the trade value was something like $7,000, $7,500 optimistically. I was "smart" enough to buy the Gap insurance when I bought the car, however, surprisingly, I ended up not needing it. The Gap Insurance stated that if it was utilized, it would not only cover the gap in the loan to value, but also give me an additional $1,000 to put towards a replacement vehicle purchased at the same dealer. Well, I was refunded the (~$400) that the Gap Insurance cost, and given $1,000 towards my replacement car (anywhere). I'm assuming what happened was that the auto insurance valued my wrecked car at $1,000 above the loan amount. (Possibly private party value and then a little more?) That's the only way that could have worked out. Either way, I came out very lucky in that situation.