Join Date: Jul 2008
Location: Philadelphia, PA
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Good, reliable little car. I strongly suggest getting it in manual transmission if you are able to drive it. If not, the automatic transmission is acceptable, but is pretty bad overall with shift logic. The only one I can think of that's even worse on a modern car is the Chevy Malibu, which is just awful.
At 42,000 miles, you still have a while before you need to think about it, but be prepared that you MUST have the timing belt (and other belts) changed at 60,000 miles to prevent catastrophic engine failure. This will likely run you around $300-700 depending on where you live and what connections you have.
There were lots of official bits and pieces (performance and aesthetic mods available from Hyundai) 1+ years ago, but since the introduction of their new Accent models, it's very difficult to find them for cheap anymore. There's a decent selection of aftermarket parts available, but don't expect much in the way of performance. You're looking to buy what was the least expensive car in America at one point.
It's good at what it was asked to do: Be cheap, reliable transport. MPG will vary greatly depending on how you drive, but overall its reliability should be much better than your current Cobalt.