Ownership: 2005 Chevrolet CobaltOwnershipThe Cobalt is a godsend for "buy-American" small-car shoppers and a legitimate alternative for more broad-minded consumers--especially when Detroit revs up the rebate machine, as it often does when sales wane. In addition to the car's inherent goodness, the Cobalt comes with a generous five-year/50,000-mile powertrain warranty. To minimize service costs, the Cobalt is fitted with the GM Oil Life System (GMOLS) that carefully monitors vehicle use to ensure maintenance is performed only when needed, extending oil-change intervals. The engine also features an innovative cast-in oil-filter housing on the Ecotec engine that eliminates throwaway oil-filter cans. The bad news is that Cobalts have already started flooding into rental-car fleets, which is bound to accelerate depreciation and undermine resale value like the Cavalier before it.
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