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Buying Luxury used cars

411 messages,  Last post on Jul 13, 2009 at 10:22 AM

You are in the Classic Cars Forum. Your Host is mr_shiftright

What is this discussion about? Classic Cars, Coupe, Convertible, Truck, Sedan, Wagon


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#108 of 411
Re: What's that old saying... [andre1969] (Mr_Shiftright) (lemko) [hpmctorq [andre1969] [Mr_Shiftright] by circlew
Jan 06, 2009 (11:08 am)
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Replying to: Mr_Shiftright (Jan 06, 2009 9:35 am)

I'd say Buick's are more like lounge wear rather than designer clothing representing the brands you mentioned. Like all American cars, the depreciation represents the value or lack thereof.
 
Take a Cadillac, whose status regarding luxury branding has been destroyed over the last few decades. The residuals are crazy low. If you get $4K off a CTS, that locks in a faster decline in value as soon as you drive that car off the dealer lot. In 1 year, you are in the mid $20K at best for a upper $30K vehicle. Punch in a 2007 CTS at Cars.com and before the first 50 cars are viewed in a country-wide search, mid-twenties. A CTS-V under 10K miles is mid-$30K.
 
The Germans are hurting as well but since they start at a much higher price the value decline isn't as drastic as domestic brands.
 
Regards,
OW
#109 of 411
Re: What's that old saying... [andre1969] (Mr_Shiftright) (lemko) [hpmctorq [andre1969] [Mr_Shiftright] [circlew] by Mr_Shiftright HOST
Jan 06, 2009 (11:15 am)
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Replying to: circlew (Jan 06, 2009 11:08 am)

Now a CTS-V is a car I wouldn't mind picking off real cheap in a few years. Being domestic-made, I think I could deal better with the out of warranty issues, and I bet a lot of regular CTS parts from the wrecker would fit.
#110 of 411
Re: What's that old saying... [andre1969] (Mr_Shiftright) (lemko) [hpmctorq [andre1969] [Mr_Shiftright] [circlew] [Mr_Shiftright] by circlew
Jan 06, 2009 (11:19 am)
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Replying to: Mr_Shiftright (Jan 06, 2009 11:15 am)

It's a solid play. The new CTS is a far better car than previous. Go for it.
 
I can not get used to the Arts and Science.
 
Regards,
OW
#111 of 411
Beauty is in the eyes of blah blah by Mr_Shiftright HOST
Jan 06, 2009 (11:22 am)
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Replying to: circlew (Jan 06, 2009 11:19 am)

Yeah maybe I can do some body mods or something---perhaps monochrome the car or some such. It's awkward to my eyes. But then again, I'll be behind the wheel so I won't have to look at it too much.
#112 of 411
Re: Beauty is in the eyes of blah blah [Mr_Shiftright] by circlew
Jan 06, 2009 (11:25 am)
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Replying to: Mr_Shiftright (Jan 06, 2009 11:22 am)

That's the ticket, get out and never look back. Close your eyes before entering! At least the interior on the new one will not give you indigestion!
 
Regards,
OW
#113 of 411
Re: 1990 LS400 (corvette) [texases] by lemko
Jan 06, 2009 (12:30 pm)
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Replying to: texases (Jan 05, 2009 12:59 pm)

No problems so far. Replaced the battery about a year or so ago and that's it.
#114 of 411
Re: What's that old saying... [andre1969] (Mr_Shiftright) (lemko) [hpmctorque] by lemko
Jan 06, 2009 (12:37 pm)
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Replying to: hpmctorque (Jan 06, 2009 8:57 am)

It's an '88 Park Ave.
 
Outside of the paint problem and a slightly split driver's door arm rest, not much that bothers me. The radio/cassette deck still works. It blows icy cold A/C. The interior is in excellent condition. It has new tires and brakes. It's got a couple of small dents here and there, but that's my fault and not the car's.
 
Best thing about my beater is I can take it anywhere and can rely on it to get me out of anywhere. Heck, a doctor might find 35 things wrong with me, but I could still live to be 100 regardless.
#115 of 411
Re: What's that old saying... [andre1969] (Mr_Shiftright) (lemko) [hpmctorq [andre1969] by lemko
Jan 06, 2009 (12:41 pm)
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Replying to: andre1969 (Jan 06, 2009 10:01 am)

True. My 1989 Cadillac Brougham is spartan compared to today's luxury cars. Heck, a new Hyundai Elantra probably has more features. I thought my 2002 Cadillac Seville STS was a loaded car, but even it seems like a plain jane compared to my Cadillac DTS Performance which has far more features than I'll ever use - or even figure out!
#116 of 411
Re: 1990 LS400 (corvette) [lemko] by fezo
Jan 06, 2009 (3:54 pm)
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Replying to: lemko (Jan 06, 2009 12:30 pm)

What? Only 21 years old and it needs a battery already??

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