Last post on Mar 14, 2013 at 8:16 AM
You are in the Cadillac CTS/CTS-V
What is this discussion about?
Cadillac CTS-V, Cadillac CTS, Sedan
#2548 of 2880 Re: 2008 vs 2009 [sandy25]
Aug 22, 2008 (12:48 am)
I am also currently shopping the CTS and I asked the manger at the Cadillac dealership that exact question. He told me that you also have to take into account that there has been a price increase for the "09 of approx $1100-, so in effect, you are actually paying $3,000- less for the '08. If you trade it in 3-4 years what will the difference in value be? I don't know. Is $3000- reasonable? Maybe!
Does anyone else have an opinion on this?
#2549 of 2880 Re: 2008 vs 2009 [sandy25]
Aug 22, 2008 (5:56 am)
If it is only 2K difference than yes but other poster said there is a 1100 price increase over the 08. In that case I'd say no unless there was something major on the 09 that you couldn't get on the 08 leftover.
Aug 22, 2008 (10:50 am)
I was at my local dealer last Sunday just looking around. They had an 09 sitting outside equipped very similiar to mine. Of course I couldn't get in it, but I took my time and looked it over closely. The only difference I could see from my 08 was the onstar/satellite radio antenna was color keyed to the car.
There may be some othr changes that aren't apparent unless you are actually driving and using the car.
My point is that is you can get a good enough deal on an 08 that you like I would buy it over the 09. I know they are offering GM employee pricing and some cash back, and I think I have also seen 0% interest. If all these can be combined, then it might make sense to purchase the 08 if there are any equipped to your satisfaction.
#2551 of 2880 I bought an 08 CTS
Aug 22, 2008 (2:48 pm)
rayainsw, dmathews3, 150mphclub and all board members
Thank you for answering my questions about the CTS Employee deal and helping me understand more about the latest CTS offer.
I just bought a fully loaded 2008 white diamond RWD CTS, DI engine with premium luxury collection, 18” performance package, and polished wheels. .
MSRP = $48,420.00
Employee Plan = $42,812.38
GM rebate = - $2,000.00
GM World card credit = - $3,537.57
Net price before Tax, License and fee = $37,274.81
So, from $48,420 + $250 spare tire (the dealer put a purchase order for me as a bonus per my request) = 48,670 I paid 37,274.81 = $11,395.19 saving + 0.9% financing for 3 years. I would estimate roughly as $15,000 saving from MSRP + 0.9% financing.
#2552 of 2880 Re: I bought an 08 CTS [knotem]
Aug 22, 2008 (3:32 pm)
#2553 of 2880 Re: 2008 vs 2009 [traderj]
Aug 24, 2008 (8:29 am)
I think it is very difficult to say what difference there might be. However, looking at the median price of used CTS's on cars.com, the 2004's are about $17,000-$17,500; 2005's are about $20,500 and the 2006's are $22,000.
#2554 of 2880 Re: 2008 vs 2009 [sls002]
Aug 24, 2008 (8:41 am)
Looks to me like it would be a wash.
#2555 of 2880 Re: 2008 vs 2009 [sandy25]
Aug 24, 2008 (2:42 pm)
the median price of the 2007's seem to run between $23,000 and $24,000 depending on 2.8 or 3.6 V6. What I see is that the 2004's are less, but depreciation seems to run about $1000 to $2000 per year on 2005's and newer. The big drop in value is the first year.
If you buy a 2008 now you should get a good deal on one. A dealer should not be making great deals on 2009 models until they have no 2008's left. The dealer is still making something on the employee price so there is room for negotiation.
#2556 of 2880 Re: I bought an 08 CTS [knotem]
Aug 27, 2008 (1:19 pm)
One question----according to the GM credit card earnings guidelines the max. allowance on a CTS is $1000..I have a World card, however I am getting a different run around than I see posted on your thread..Curious as to how your earning total was about $2900 over the limit..Good deal..
#2557 of 2880 Re: I bought an 08 CTS [motorcity6]
Aug 27, 2008 (2:11 pm)
In reply to message# 2556, I used my GM "World" Master Card when I purchased my 2008 CTS and got $3,800 off the best dealer price.