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Is Cadillac's Image Dying and Does Anyone Care?

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Comments

  • lemkolemko Posts: 15,116
    I'm on my fifth Cadillac, (2007 DTS Performance) and they are most definitely worth it! A used one can be a great bargain. I'd just make sure the car had all its maintenance records and was well cared-for. The way a previous owner has cared for the car has a lot to do with it. I still have my 1989 Cadillac Brougham and it is still in excellent condition after 19 years and 157K miles.

    I'd also consider a new Buick Lucerne CXL as it is almost as nice as a Cadillac DTS.
  • irnmdnirnmdn Posts: 240
    Is it true that Cadillacs are a steal in the used car market?

    Some times yes. Many Cadillacs are pruchased by seniors who don;t live long enough to put enough miles on it, some won;t even get to see the first oil change. Buicks are even better deals in the regard.
  • fintailfintail Posts: 33,500
    I saw a listing for an 06 STS-V (how rare is that?!) from a local Caddy dealer...but he wanted the same amount as an 06 E55 goes for (55K IIRC)...dealers of the make of the car always seem to want a lot.

    But the normal models do appear to be great used deals, low residual value and often they are driven sparingly and gently by their owners.
  • irnmdnirnmdn Posts: 240
    My local dealer is offering 20k off brand new 07 STS msrp $67k,
  • fintailfintail Posts: 33,500
    Is that a V? That's a huge msrp.
  • circlewcirclew Posts: 8,353
    It isn't even worth $47K. Depreciation on that in 3 years will cost you another $20K.

    Regards,
    OW
  • m4d_cowm4d_cow Posts: 1,491
    Someone suggest that I should be able to get the car at a used car price, about 55% off the new price. Is it possible? I mean that'll make a 50k STS a real steal at around 27-30k...
  • sls002sls002 Posts: 2,788
    eBay Motors and Cars.com are both good places to see used/program cars that are available. I see little evidence that STS's are going cheaply. On new SRX's and STS's, there is a $3000 (SRX) or $3500 (STS) incentive or 0% interest.

    The program cars have been quite good pricewise in the past, so current prices seem to be inline with that.
  • circlewcirclew Posts: 8,353
    Kelly Blue Book shows a 2006 sts V-8 with 40K miles ata aprivate party sale price of $22,160. This is the HIGHER value on the site vs. dealer trade in or book value.

    Yes, 50% is the norm for US car depreciation costs. With the V-8, you should be able to negotiate $20K no sweat! I see many at dealer sites for 2006 v-6 for $22K.

    Regards,
    OW
  • m4d_cowm4d_cow Posts: 1,491
    Many said its rather inaccurate, higher than the real world value. Heck if KBB rate the used STS at 20k, the real price can be even lower.....
    A leftover new 06-07 v6 can be had for under 30k I heard, complete with new car warranty. Will that be a better deal than getting a used one? I'd definitely get a certified one (if used) for a mere 1k extra.

    Wait a sec, cicrlew, 22k for an '06 v6? Now I'm really interested. That is something even college grads can afford. I do however question the chances for resale, not the value (I expect them to plummet, maybe lose another 5k in 2 years?) but whether its easy, or even possible to sell.....

    I've only taken a good look once. Thought the interior is pretty nice though the fabric parts look downright cheap. Design is ok. Fuel mileage is a question though, anybody know the realtime mileage??
  • irnmdnirnmdn Posts: 240
    I don't think it is a V, it has everthing option like Bose5.1, magna ride etc.
  • sls002sls002 Posts: 2,788
    Looking at the first 100 STS's listed on cars.com suggests that the price of the V-series is in the range of $40 to $50,000 for 2006 models. The STS is lower, but around $40,000. Jumping out to the middle of the 700 plus listed gets the price under $30,000, but these may be vehicles that are less than mint condition. Also some are clearly dealer come-on's to get a buyer into the showroom - requiring you to bring a printout of the ad to get the internet price.
  • lemkolemko Posts: 15,116
    Fell for it once - ONCE! A local dealer in Pensauken, NJ (you know the one) was advertising a two year-old Cadillac DeVille for only $9,999. I went over to see it and it was sold, of course. It also looked like it had been dumped in the Delaware River and then recovered a month later. Of course the friendly salesman was happy to show me the other pre-owned Cadillacs which were 2.5-3 times the price as the screamer ad special.
  • circlewcirclew Posts: 8,353
    I am sure you could get a reasonable condition 2006 with 30 - 40 K miles for $20 - 22K. At the end of the day, you will need an extended warranty anyway so why pay in the $30K range.

    If not today than in August when oil breaks $150/bbl. theses prices will drop like stones.

    Regards,
    OW
  • sls002sls002 Posts: 2,788
    The current oil price expectation are that the 4th of July weekend will push prices beyond $150.

    Some dealers include the 6 year 100,000 certified used warranty on program cars. There are quite a few 2006's available as many are now coming off lease. When I was looking for a 2006 at the end of the 2006 model year (an SRX) there were not a lot available, and my local dealer who said they could get one at a low price, did not come through with anything for several months. I finally realized that the 2007 was probably a better choice and bought a new one with everything I wanted. Never been smoked in :shades:
  • m4d_cowm4d_cow Posts: 1,491
    If the STS still cost 40k I'd look somewhere else. If I'm gonna spend that much I'd better buy a Lexus Infiniti or Audi. They have better quality and resale value. I personally find Cadillac too arrogant to push the STS' price too close to the Japanese and German luxo midsizes (charging 55k for STS v6 when a 535i cost about the same).

    "I am sure you could get a reasonable condition 2006 with 30 - 40 K miles for $20 - 22K. At the end of the day, you will need an extended warranty anyway so why pay in the $30K range"

    Umm, because the leftover 06 is brand new, includes 4 yr new car warranty and got only 130 miles on odometer. Btw I heard a mint 06 STS with low mileage will only cost about 3-5k extra.

    "Also some are clearly dealer come-on's to get a buyer into the showroom - requiring you to bring a printout of the ad to get the internet price"

    Why not? I'd bring a printout anytime if it means I can save a few thousands.

    Btw when it comes to resale, is it easier to sell the leftover or the used one? Which will plummet worse? Any ideas? I wonder how much I'll lose every year.
  • lemkolemko Posts: 15,116
    If you like the car, does it really matter? You're saving more upfront anyway. I really don't give a rip about resale value as I keep my cars a long time and believe buying a car you don't like just because it's got better resale value is still wasting your money. Two things a Cadillac does have over a German car is that it is far more reliable and a lot more cost-effective to have it serviced and repaired.

    As per Lexus, buy a Buick Park Avenue and save the money. A Lexus LS drives just like one.
  • sls002sls002 Posts: 2,788
    Btw when it comes to resale, is it easier to sell the leftover or the used one? Which will plummet worse? Any ideas? I wonder how much I'll lose every year.

    Once you buy the "new" one, it is a used car and will be worth only what the trade in value is when you want to sell/trade.

    If you actually know where a new 2006 is, then whatever deal you can work out with that dealer is what is possible. I also found a new SRX at one point that was a year old (2005 or maybe 04), but the dealership had decided they would use the vehicle themselves rather than sell at market value.
  • circlewcirclew Posts: 8,353
    AP
    Ford Motor's June sales skid 27.9 percent
    Tuesday July 1, 12:28 pm ET
    By Tom Krisher and Dee-Ann Durbin, AP Auto Writers
    Ford Motor's June sales drop 27.9 percent as high gas prices, sluggish economy take toll.


    DETROIT (AP) -- Ford Motor Co. says its U.S. sales tumbled 27.9 percent in June as high gas prices and a weak economy deepened the trouble facing the company.

    The company blames the decline on high gas prices and low consumer confidence that are sending buyers to the sidelines. Ford reports steep drops in sales of pickup trucks and sport utility vehicles.

    For the first half of the year, Ford's sales were down 14 percent compared with the year-ago period.

    Ford is the first automaker to report sales data Tuesday. Industry analysts expect June to be a dismal month for the industry with sales down double digits from last June.

    They also say Toyota Motor Corp. may take the U.S. sales lead from General Motors Corp.
  • steverstever YooperlandPosts: 39,957
    Breaking news from the WSJ indicates that GM will continue to hold the crown:

    "General Motors posts nearly 19% drop in U.S. sales for June, but wards off challenge to No. 1 ranking from Toyota."

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