A Used Chevy Aveo Is 'No Deal'
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.
Photo © Chevrolet
well if the price of used chvvy aveo is so high it must be something good going for it.
It’s a case of a “rising tide lifts all boats” when it comes to the used Aveo. Used fuel efficient sub-compacts are white hot right now, regardless of how good they are. IMO, a bad new car just doesn’t make a good used car. Thanks for the comment!
Keith,
Your Guide to Used Cars
Those who KNOW, know that an “Aveo” is NOT actually a CHEVY, it is in fact a “Daewoo” in ‘Bow Tie’ clothing. GM has never really learned how to make a small car, so they find an Asian econobox, & slap their ‘bowtie’ on it. Back in the 90’s, they sold a really good small car called the “Geo Metro”, which was an amazing, dependable, 3 Cyl. workhorse! ~ But again, it was NOT a Chevy! In actuallity, it was a “Suzuki Swift, minus one cylinder.~
Same for another rebadged car: the Chevy/ Geo Prism, which was really a Toyota Corolla in disguise.
The interesting thing about the Prizm is the 2002 model was rated above average reliability by Consumer Reports. Assuming it’s in good mechanical condition, I’d recommend buying one because a lot of people don’t know its back story.
The 2002 Chevy Prizm is actually a great little car – and a steal if you can find a used one. Most folks don’t associate it with Toyota, which can keep the price low.
I got a used 2006 recently for about $5k, a/c, automatic, power steering… gorgeous little car. Comfortable, zippy, good mileage… I’d say “keep looking” people… you can find good deals on them out there, so an Aveo really IS a good deal, if you keep looking thoroughly enough.
Actually, the reason I said a 2007 Aveo wasn’t a good deal was strictly pricing. At the time it was only $1500 below a new one, which had money back and a low interest rate. You, however, got a great deal. Congratulations. I hope it runs well for you for years.
Keith
Your Guide to Used Cars