CPO 2008 Chevy Cobalt. What's a fair price to offer?

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It's an '08 Chevy Cobalt 2dr LT (Auto) with about 25-30K miles.

I'm using an estimated residual value of about 50% (or $8,500) to calculate my offer. If this seems low, remember that this is a Chevy and when it comes to residuals, I don't make the rules...

Now considering the fact that it's a CPO with a good warranty program, I would offer about $9,350 plus tax and title
which puts me at about $10,200 --paid with a check.

The KBB "dealer price" was about 12K
The Edmunds' TMV "CPO price" was about 11K

Is my offer fair or should I expect the dealer to turn around and kick me out on my a** ? Looking for opinions...
 
The TMV is what people are actually paying for like cars so that is what you can expect to pay(about 1k below blue book). You may get a little lower but I think you won't do too much better. The fact it is a Chevy has already been factored into the price. What you are considering as your offer is slightly above trade in value. You can try it. Some dealerships are desperate and may take your offer just to get it off the lot. They won't kick you out. They may laugh at you but what would it hurt to try? I would count on paying close to True Market Value(what everyone else is paying).
BTW: If you have such a low opinion of a chevy, why would you buy one anyway?
 
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