Jump to content
CaddyInfo Cadillac Forum

Hagerty: Affordable Classic Cars for Retirees


Recommended Posts

1974 Cadillac Eldorado Convertible

Whats to love: If its a big, cruising car youre after, the convertible Eldorado is a great choice, though be prepared to fill up often with the 500-cubic-inch V-8.

Read more: http://www.boston.com/cars/buying/2013/11/01/affordable-classic-cars-for-retirees/CUwYfAsmxz9NW0q4VGlUVJ/story.html?pg=8

Bruce

2016 Cadillac ATS-V gray/black

Follow me on: Twitter Instagram Youtube

Link to comment
Share on other sites


It burns regular unleaded, so, at $3.25 per gallon, let's say we use that car for a daily driver at 12,000 miles a year, and it gets an average of 15 mpg for everything. Let's throw in a typical full-size at 19 mpg, a smaller grocery-getter at 27 mpg, and a hybrid at 38 mpg (it would be higher if you didn't use it for highway trips, but we are talking everything).

Yearly costs, and delta from grocery-getter:

38 mpg, $1026 a year, delta -$418 (-$35/month)

27 mpg, $1444 a year, delta -0-

19 mpg, $2053 a year, delta $608 ($51/month)

15 mpg, $2600 a year, delta $1156 ($96/month)

If you buy this car instead of the $25K grocery-getter, the gas cost will equal the difference in price in about nine years.

Ever since the 1970's, I figured this out on my pocket calculator and usually bought used cars by condition and price, which means I usually got big V8's (1969 Chevrolet 427, 1977 Chevrolet 350, etc.) and came out way, way ahead of the yuppies. When I finally rolled over for my new 1997 Eldorado ETC, it was my third new car in a row, and by the above chart I paid about $50 a month to drive my VIN "9" Northstar instead of a car I would hate.

If you like the Eldorado, and you are willing to deal with maintaining an old car, go for it. It's a fine, low-maintenance car.

CTS-V_LateralGs_6-2018_tiny.jpg
-- Click Here for CaddyInfo page on "How To" Read Your OBD Codes
-- Click Here for my personal page to download my OBD code list as an Excel file, plus other Cadillac data
-- See my CaddyInfo car blogs: 2011 CTS-V, 1997 ETC
Yes, I was Jims_97_ETC before I changed cars.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...