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Wonders of Depreciation


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Nice looking black with red/black interior 2006 STS-V listed on craig's list for US$46K; website here: http://platinum1auto.autorevo.com/webtempl...aspx?iid=193340

and right here in Texas, too.

193340_66b915fa-5fc4-4872-98e1-502956659

That's a nasty US$30K of depreciation in 2 years, but sure makes a nice buy for someone with only 9K miles on it!

Not sure I love the red inserts on black seats, but I think I could get used to it. I see that is a popular type of thing to do on cars lately.

No wood steering wheels for the V series -- I think the wood is judged to be less steady at the track?

Now if I only had another $46K to spend on a Cadillac, and some gas arrangement where I didn't mind 12 city 19 highway mpg (revised comparative 2008 values).

Bruce

2023 Cadillac CT4-V Blackwing

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Yes, this seems a very good choice as they come down in price. The mpg thing, but what a terrific car for the money.

The subj car on ebay here: http://cgi.ebay.com/ebaymotors/ws/eBayISAP...A:IT&ih=012

Red/Black interior pic:

193340_a20a66ba-b114-4f30-9e06-ffdf74665

Bruce

2023 Cadillac CT4-V Blackwing

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If I was driving around with almost 500 hp, the last thing on my mind would be a 20% hit on fuel economy relative to the 320 hp STS V8. The EPA mileage rating of the STS-V is comparable to those of the Escalade and other large, powerful sport-utes and big daily-driver pickup trucks that sell to the mass market. If I was changing cars and looking anywhere near that price range, I would take any one of these cars as a daily driver in a heartbeat. :bluesbrothers:

CTS-V_LateralGs_6-2018_tiny.jpg
-- Click Here for CaddyInfo page on "How To" Read Your OBD Codes
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Yeah I love the fact that American cars pretty much exponentially loose their value yearly (sometimes monthly!). I've always bought all my vehicles minus the Eldorado around 3 years old and with under 30-40K miles on the clock. In 2003 I bought my prior 2000 Grand Prix GTP coupe for $12,500 and with 27K on the clock. Although it's nice to have "that new car", I think it's pretty much stupid to buy a car brand new... you're not doing nothing more that just flushing away thousands upon thousands of dollars. The 2006 STS-V looks really sharp and cutting edge but I think it's too much of a sporty transition that Cadillac is doing...I like the suspension on my ETC...the newer Cadillacs have much firmer suspensions. I dunno, I guess that's what you have to do when you are fighting against Japanese and German imports. Just give me some nice powerful HP and a smooth ride and I'm set with a smile on my face

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The reason they are cheaper is that the repairs on these cars are more on the pocket.It's worth it if you know what you're buying.

I guess you have to be an enthusiast to really know what you're getting.

I bought my '95 STS with 88000 miles on it for $12900,and I averaged $1000 a year for maintanance/repairs since I bought it in year 2000.

That is not bad considering I don't have to come up with a monthly payment.

I am so happy with my Caddy.I have 195000 miles.Original motor and tranny.

I don't know too many Imports with that kind of miles,and if they do they had major repairs.

I don't.

Florin

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I agree. I try to get in a s second owner on my cars and buy them with around 30,000 miles on them for all of the reasons stated. People find it hard to believe it when I tell them what I bought my Eldo for and what I got for my money AND I was able to pay cash. At this point in time I'm going to drive it until the wheels fall off.

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Depreciation depends on what you actually paid for the car (new), If it stickered for 50k and you pay 38k (Summer sell Down) that makes a diff too. Also how popular the model is, priced a Z71 4X4 lately? they aint cheap. The Market for used Caddy's is pretty good and we benefit, but truth be told I'd love to buy a new one. As in still has the plastic on the steering wheel

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Man those seats are freakin ugly I haven't seen anything that bad since the seats in 2nd Gen Trans Ams and 1982-84 Camaros...

Did they all come that way?

caddy.jpg

Easin' down the highway in a new Cadillac,

I had a fine fox in front, I had three more in the back

ZZTOP, I'm Bad I'm Nationwide

Greg

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Does a new V cost 75K? :huh: WOW! Thats half of what my new house cost! That sure is one fine piece of machinery though, I really like the V's.

I bought my 02 Deville for less than 1/5 of what it cost new with 76K on it. I will never buy new.

mynewcaddych2.jpg
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Bruce are you sure on the mileage? I thought the 6-speeds were hitting 23-28 on the highway? (at 70mph at least)

Joe

The EPA rating is 12/19 mpg. Remember this is the 469 hp 4.4L Supercharged V8 Northstar. The 320hp 4.6L RWD Northstar does somewhat better.

Bruce

2023 Cadillac CT4-V Blackwing

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Bought my 1 owner '95 etc in 1999 from a dealer in Jackson Michigan. ~60k miles, $18k.

Lets see ... water pump, fuel pump, fpr, radiator, front axles, starter, shift solenoids .. free labor .. that's about it other than routine maintenance. So for $18k plus those parts listed I have been driving an etc for 8 years and 100k mi. Can't remember the last car payment ..

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Similar story...2001 STS costs over $50k new. I paid $12,500 in early 2007 for one with 57k miles. No-brainer there. So far, only money spent is gas and oil. One warranty repair (steering shaft replacement). Car now has almost 64k miles, but that includes an out-of-the-ordinary trip to Florida shortly after we bought it.

Jason(2001 STS, White Diamond)

"When you turn your car on...does it return the favor?"

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Heck in my neck of the woods Syracuse NY the local Caddy dealer has

07 DTS (ex-rentals) $26,000 , 07 STS v-8 awd? $33K, 05 SRX v-8 awd

$27k, 05 SRX v-6 $24k, 04 SRX v-6 awd $19k !!!!!!!!!!!!!! OUCH!!!!!!!!!!

It doesn't make sense to buy new !

93 DeVille-13 Chevy Impala

72 GTO - 77 Triumph Bonneville

84 Z-28

Syracuse NY

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Forgot to mention............I was "offered" a big fat $10,000 trade for my 03

Deville with 51k miles ! I wasn't insulted or shocked.................

Considering the 07 DTS they had were $26k !

But they were nothing special no bose, chromies, sunroofs or diamond paint.

Just rent a car base specials in white, cashmere, or silver !

Quite the deal for anyone who wants to finally step up to a current year Cadillac and send their camcord to the crusher !

Its just funny Cadillacs suffer such depreciation as with most American

cars !

I recently traded my 04 Chevy 2500 x-cab 4x4 for a 07 Chevy 2500

x-cab 4x4 and they gave me $21,500 ! Of course they sold it 2

days later for $23,900 ! Oh well.............I get the GM employee deal

and only paid $29k new.

My Deville was $48k sticker and my GM deal was around $33k after

rebates, employee bonus cash, Cadillac loyalty bonus, GM card etc.

Wow ! $10 grand trade........... But its been almost troublefree and i

will expect another several years of service before I get another !

93 DeVille-13 Chevy Impala

72 GTO - 77 Triumph Bonneville

84 Z-28

Syracuse NY

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