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In response to "requestion: I can get $7k in incentives on a 2010 Cobalt. My 2008 has 90k miles on it, 4.5k left to pay off and is probably worth $7k+ based on KBB" by oblique

Sounds like a good deal. Might make more sense to sell your old car instead of trading it in, though.

And try for the new Cobalt over a low mile used Cobalt to get longer life, unless there's a significant price difference.

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