- #4942 of 6098
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Re: caddi sales [m4d_cow]
by circlew
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Jul 03, 2008 (2:33 am)
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Replying to: m4d_cow (Jul 02, 2008 10:41 pm)
The value proposition does work for a 3 year old Caddy. My problem is the styling, however. I could just forget about it...at these prices.
Regards,
OW
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- #4943 of 6098
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Re: caddi sales [m4d_cow]
by sls002
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Jul 03, 2008 (7:28 am)
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Replying to: m4d_cow (Jul 02, 2008 10:41 pm)
Again, the dealer with the new leftover car from a previous model year can try to get as much for it as they want. All you can do is make an offer which the dealer is free to reject. Cars.com has 750 2006 STS's listed. This one is about $40,000 with 200 miles on it.
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- #4944 of 6098
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Re: caddi sales [sls002]
by m4d_cow
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Jul 03, 2008 (9:20 am)
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Replying to: sls002 (Jul 03, 2008 7:28 am)
Youre right about dealers can charge whatever they want. Its up to us whether we'll buy it or not. A new 06 for 40k, but a certified used 06 for 25k, its no contest.
circle, the styling left me a bit cold too, and it might not suit younger buyers like me. But like I said, for this price, I dont mind. 25k for certified 06, the same as 06 Chrysler 300c with much crappier interior and build quality, and a little less than a (far) smaller 06 bmw 330i.
I'll invest a little more $$$ on non-chrome 18-19" wheels (gosh the wheels are cheesy) and aftermarket grill. That should fix it.
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- #4945 of 6098
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Re: caddi sales [m4d_cow]
by sls002
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Jul 03, 2008 (7:32 pm)
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Replying to: m4d_cow (Jul 03, 2008 9:20 am)
This is the first under $25,000 STS on cars.com. It has less than 6000 miles which is not bad for a 2006. It is about 500 cars into the listings of more than 750.
Here is a V for under $10,000, a real "steal". I suggest that you read the description carefully 
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- #4946 of 6098
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Re: caddi sales [sls002]
by lemko
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Jul 04, 2008 (6:58 am)
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Replying to: sls002 (Jul 03, 2008 7:32 pm)
Geeze! You're essentially buying just a shell! You also have two busted windows, a trashed interior, and no radio. I guess if you can find another engine/transmission you can turn it into a racer.
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- #4947 of 6098
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Re: Cadillac, a real steal??? [m4d_cow]
by trimaster
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Jul 04, 2008 (3:41 pm)
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Replying to: m4d_cow (Jun 27, 2008 10:40 pm)
Is it true that Cadillacs are a steal in the used car market? I've met a former Cadi salesman who claim that Cadillacs value depreciate big time, making them real killer deals. As an example, he told me that STS and SRX lost at least 40% of its value the first 3 years. DTS even worse, losing almost 50% in 3 years.
Wow. Is that something Caddy is proud of? What about the poor sap who bought it new?
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- #4948 of 6098
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Re: Cadillac, a real steal??? [trimaster]
by lemko
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Jul 05, 2008 (7:53 am)
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Replying to: trimaster (Jul 04, 2008 3:41 pm)
I guess that poor sap must be me! Well, I keep my cars quite a while so depreciation is really no concern to me. My first concern I buying the car I like. I've said it countless times in these forums - buying a car you don't like just because it has better resale value is still throwing money away in my book! I plan on keeping my DTS for some time. It's got more than I'll ever need in a car. The stuff in my 1988 Buick Park Avenue is sufficient for me. Why is resale such a concern in the first place? Geeze, if the car you bought is so great, why would you want to get rid of it so quickly? I put down enough and pay more than the minimum each month so I stay way ahead of the depreciation curve. The excellent thing I have with my new DTS is that it's financing with 0% interest so I'm even further ahead.
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- #4949 of 6098
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Re: Cadillac, a real steal??? [lemko]
by bumpy
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Jul 05, 2008 (1:31 pm)
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Replying to: lemko (Jul 05, 2008 7:53 am)
I put down enough and pay more than the minimum each month so I stay way ahead of the depreciation curve. The excellent thing I have with my new DTS is that it's financing with 0% interest so I'm even further ahead.
That's all nice and good as long as no one runs into you in the next three or four years. If the DTS gets totaled and the insurance company cuts you a check for $18,000, you might not be so happy with Cadillac resale figures. I hope you have gap insurance.
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- #4950 of 6098
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Re: Cadillac, a real steal??? [bumpy]
by lemko
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Jul 06, 2008 (7:16 am)
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Replying to: bumpy (Jul 05, 2008 1:31 pm)
Yes, I have gap insurance and I will be taking that and the $18K check straight to the Cadillac dealer for a replacement in such an event!
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- #4951 of 6098
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Re: Cadillac, a real steal??? [bumpy]
by sls002
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Jul 06, 2008 (8:24 am)
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Replying to: bumpy (Jul 05, 2008 1:31 pm)
Not sure where your $18,000 is coming from, but cars.com suggests that a 2006 DTS ranges in retail value from somewhere around $35,000 to much less. The median priced (about #400 out of 800+) is about $26,000. Insurance companies should total the car for something more than the lowest NADA book value but perhaps not retail.
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