What is the resale value of a 2005 Chevy cobalt in fair condition that just hit 100000 city miles?

The resale value of a 2005 Chevy Cobalt in fair condition with 100,000 city miles is very low, likely in the range of $500 to $1,500. Several factors heavily influence this:

* Age: A 2005 vehicle is quite old.

* Mileage: 100,000 miles is considered high mileage for a car of this age. City driving tends to be harder on vehicles than highway driving.

* Condition: "Fair" condition suggests some wear and tear, potentially needing repairs. This significantly lowers value.

* Market Demand: The Chevy Cobalt isn't a highly sought-after model, reducing its resale value.

To get a more precise estimate, you should:

* Check online used car marketplaces: Sites like Kelley Blue Book (KBB), Edmunds, and NADAguides allow you to input the specific details of the vehicle (trim level, features) for a more accurate valuation.

* Look at comparable listings: See what similar 2005 Cobalts are selling for in your local area. This provides a realistic view of the current market.

Keep in mind that the price you'll actually get will depend on the buyer and the negotiation. You might get slightly more or less than the online estimates suggest. Be prepared for a lower offer than you might expect.