How much is a 2007 Chevy Cobalt worth today?
The 2007 Chevy Cobalt, a compact car produced by General Motors, has a current market value that varies depending on the vehicle's condition, mileage, and location. On average, a well-maintained 2007 Chevy Cobalt in good condition can be worth between $2,000 to $5,000 in the used car market today.
Factors Affecting the Value of a 2007 Chevy Cobalt
Several key factors influence the current market value of a 2007 Chevy Cobalt:
- Mileage: Vehicles with lower mileage, typically under 100,000 miles, tend to have a higher resale value compared to high-mileage models.
- Condition: The overall condition of the vehicle, including the interior, exterior, and mechanical components, plays a significant role in determining its worth. Well-maintained Cobalts in excellent condition command higher prices.
- Location: The geographic region where the vehicle is being sold can impact its value, as demand and pricing can vary across different markets.
- Trim Level and Options: Higher-end trim levels, such as the LT or LTZ, and vehicles equipped with additional features like sunroofs or premium audio systems, may have a higher resale value.
- Accident History: Vehicles with a clean accident history and no major repairs are generally more valuable than those with significant collision damage or extensive repair records.
It's important to note that the value of a 2007 Chevy Cobalt can also be influenced by broader market trends, such as the overall demand for compact cars, the availability of similar models, and the economic conditions in the region where the vehicle is being sold.
Researching the Value of a 2007 Chevy Cobalt
To determine the accurate market value of a specific 2007 Chevy Cobalt, it's recommended to consult online resources such as Kelley Blue Book, Edmunds, or NADA Guides. These platforms provide detailed pricing information based on the vehicle's specific details, allowing you to get a more accurate estimate of its worth.
By considering the factors mentioned above and utilizing reputable pricing guides, you can make an informed decision when buying or selling a 2007 Chevy Cobalt.
How many miles can a 2007 Chevy Cobalt last?
150,000-mile
The Chevy Cobalt has a typical mileage of 190,000-210,000 miles. Thus, the high mileage for the Chevy Cobalt is around the 150,000-mile mark. Any Cobalt with this number is much closer to reaching the end of its lifespan, so it's very likely to run into serious problems that cost more to handle.
What is the Blue Book value of a 2008 Chevy Cobalt?
2008 Chevrolet Cobalt Pricing
| Original MSRP | KBB Fair Purchase Price (national avg.) | |
|---|---|---|
| LS Sedan 4D | $16,395 | $3,177 |
| LS Coupe 2D | $16,395 | $3,323 |
| LT Sedan 4D | $17,675 | $3,122 |
| LT Coupe 2D | $17,675 | $3,620 |
Is a 2007 Chevy Cobalt a reliable car?
As a whole, consumers found the vehicle's reliability and performance to be its strongest features and quality to be its weakest. 682 out of 1399 of owners (49% of them) rank the 2007 Cobalt five out of five stars. Overall, consumers seem aligned in their opinions of the 2007 Chevrolet Cobalt.
Are Chevy Cobalts cheap to fix?
The annual maintenance cost of a Chevrolet Cobalt is $453. Repair and maintenance costs vary depending on age, mileage, location and shop.
Are there any recalls on 2007 Chevy Cobalt?
General Motors is recalling 2007-2009 model year Chevrolet Cobalt and Pontiac G5 models, and 2007 model Chevrolet Equinox and Pontiac Torrent models, and the 2007 Saturn ION for a faulty fuel pump on units sold in Arizona, California, Florida, Nevada, and Texas.
What problems do 2007 Chevy Cobalt have?
Top 2007 Chevrolet Cobalt Problems
- Ignition Key Stuck Due to Failed Shifter.
- Check Engine Light and Misfire Due to Ignition Module/Coil Failure.
- Broken Timing Chain.
- Check Engine Light Due to Gas Cap Issue.
- Ignition Key Stuck Due to Failed Shifter.
- Flush brake fluid every 60,000 miles.
- Check Engine Light Due to Gas Cap Issue.
How valuable is cobalt?
US Cobalt Spot Price is at a current level of 24300.00, up from 24292.26 last month and down from 30025.67 one year ago. This is a change of 0.03% from last month and -19.07% from one year ago.
Why are cobalts so expensive?
The demand for cobalt, particularly driven by its critical role in electric vehicle batteries, is projected to triple by 2030. This anticipated surge underscores the need for new cobalt mines and deposits to meet the growing demand and support global sustainability goals.
How much would a 2007 Chevy Cobalt be worth?
A 2007 Chevrolet Cobalt LS Sedan 4D has depreciated $413 or 17% in the last 3 years and has a current resale value of $1,974 and trade-in value of $538.
Is there any recalls on a 2007 Chevy Cobalt?
GENERAL MOTORS IS RECALLING CERTAIN MODEL YEAR 2005-2010 CHEVROLET COBALT AND MODEL YEAR 2007-2010 PONTIAC G5 VEHICLES EQUIPPED WITH ELECTRIC POWER STEERING. THE DRIVER MAY EXPERIENCE A SUDDEN LOSS OF POWER STEERING ASSIST THAT COULD OCCUR AT ANY TIME WHILE DRIVING.
