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Cobalt woes

April 2nd, 2014 at 06:34 pm

So today I got word that Cobalts are now on the no sell list as far as dealerships go. It's obvious as to why but it puts a whole monkey wrench in my plan to use the equity in it to help defray the cost of a new one when the time comes.

I have an 08 so it is not one from the original batch but it is still covered in that it cannot be sold at this time and so that greatly reduces its value. I am upset about the monetary value loss and my husband is seriously concerned about the safety of the vehicle. I had just read that GM will be allowing people to have loaners until the parts came in but that article was from the first batch of recalls.

I also read there is a class action lawsuit that has to do with the issues which I am upset about. I'm also curious to know if this will affect my insurance premium. Or to see if GM will be doing anything for people who are wanting to unload the car as they now see it has a safety hazard as well as potentially deadly.

With my assignment unexpectedly coming to a stand still I am not in a position to take on a new car with a new payment. I was taking measures to be able to get a car with a small loan or no loan at all that was based on the trade in value of this vehicle. Now I'm taking the back way into my second job just in case my car fails so I don't end up in a four way intersection at the bottom of a hill. This very intersection took 2 lives last year and has caused many other major and minor accidents.

Tomorrow I will call the dealership and see what can be done until they can do whatever repair it is they deem necessary. A few days ago I found a letter about a recall which I had held on to but forgot about. It highlighted a similar issue but told me not to bring in the car unless I had had issues. I hadn't had those sort of issues so I must have forgot about it and filed it away. I will discuss this with them too as my steering column has already been replaced but is pretty tight now a days.

I don't know what to feel. All I can say is I am happy that I am safe and that I took the initiative to pay off as much from the car as I could so that I would not be even more upside down than I probably am now.

I feel for everyone who was seriously injured or killed and I really hope that GM does something for these people even if nothing can really fix the damage that has already been done.

4 Responses to “Cobalt woes”

  1. PNW Mom Says:

    My dd2 has a 2010 cobalt....not sure if we will receive anything or not as I don't think that year is affected. We are watching and waiting.

  2. CB in the City Says:

    The Cobalt is the one that is not working right now, right, but you want to fix and sell? You're driving your grandfather's car?

    If you've replaced the steering column then the safety hazard is moot. If you have the documentation of the fix, I don't think the sale should be affected.

  3. Permanent Temp Says:

    CB that is someone else. She had an older Cobalt and bought her grandfather's Neon. But I'm having them check out the steering again anyway. Last time it was repaired by my warranty before this letter came out but its tight again. They had to fix the recall concerning the power steering twice (and maybe even a third time I'd have to look at the paperwork) so I wouldn't be surprised if the steering column had to be replaced again as well. It's a really good thing I have a warranty on it I have had to do about 10K of repairs of it since getting the car but its all been recalls and covered by the warranty, that's not counting regular maintenance which would be necessary on every car of course.

    PNW Mom all Cobalts are being recalled now because they might have received a faulty part in a repair along the way. I bought mine used so I have no way of knowing that. I just know that I haven't had issues. But my husbands old Cobalt didn't have issues until it when up in mileage and it was related to this deadly recall, the car would just cut out, although he had one of those early models.

  4. CB in the City Says:

    Oops, sorry! I just saw "Cobalt" and ran with it! Smile

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