A used Chevy Aveo is “No Deal” when it comes to my regular used-car feature “Deal or No Deal.” According to an article in the Denver Post, Edmunds.com is saying the value of a used Chevy Aveo has risen 10 percent in the last year. Don’t be tempted. This is no deal because new Aveos don’t sell that well.
The numbers tell the tale. Sales of 2008 Aveos are down 1.7 percent (through June 30) when compared to 2007 Aveos. We all know what gas prices have done in the last year. Most dealers can’t keep sub-compacts on their lots. Yet, you can hear the crickets chirping in the Aveo corner. (It’s understandable when you read this review of the 2007 Aveo.)
A new Aveo only costs $1500 more than a used one. According to Edmunds.com, a 2007 Chevy Aveo four-door sedan LS trim is retailing for $10,882. A 2008 model can be bought for $12,830 before $500 cash back or 3.6 percent financing. You’re not going to get such great financing with a used Aveo.
Even though this is a used car website, in this instance I’m going to call a used Aveo a “No Deal” of the week. Buy a new one, but only if you really must.
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