Planning for a new (used) Cadillac

Thunder Gray Chromaflair (TGC)  is the color I am thinking of for my next vehicle.  I spent some time around a TGC car at the Cars & Coffee Dallas recently.  I am still an advocate of selecting a Cadillac in a color that contrasts nicely with the chrome  accents.  The TGC is dark enough to contrast with the chrome, but not so dark as to be too hot in the Texas summer or as hard to keep clean as a black car.

This is the photo image from the order book, but in person it is a more striking color.

Now that I have THAT settled, I just need to determine which Cadillac (09 CTS-V or 08 STS-V) and how to pay for it.

One of my favorite features of the Edmund’s site is the true cost to own.  In this feature Edmund’s attempts to show the total cost of ownership of a vehicle, including fuel, insurance, and depreciation.  Here is a sample table for a 2010 Cadillac CTS-V:

Year 1 Year 2 Year 3 Year 4 Year 5 5-yr Total
Depreciation $11,453 $7,846 $6,905 $6,119 $5,492 $37,815
Taxes & Fees $4,983 $62 $64 $64 $54 $5,227
Fuel $2,364 $2,435 $2,508 $2,583 $2,660 $12,550
Maintenance $178 $517 $824 $2,211 $1,312 $5,042
Repairs $0 $0 $0 $707 $1,081 $1,788
Tax Credit $0 $0 $0 $0 $0 $0
Financing $3,951 $3,180 $2,357 $1,476 $534 $11,498

Insurance $1,974 $2,043 $2,115 $2,189 $2,265 $10,586
Yearly Totals $24,903 $16,083 $14,773 $15,349 $13,398 $84,506

Depreciation is the reduction in value of a vehicle due to its current marketable price versus its purchase price.
For example, once you buy a car and drive it home, you frequently could not sell it for the same price you bought it for the next week. Occasionally with rare models you can — but usually you can’t, and the difference between what you could sell it for and the Dealer purchase price can be striking.

Now, depreciation is our friend when buying lightly used Cadillacs. What I am looking for is a 2 year old model with under 20K miles as an affordable super car.

So instead of paying $60K say, after year 1 you could hope to pay $48.5K;  after year 2, $40.7K;  after year 3, $33.8K etc.  This is where the pricing for the CTS-V gets really interesting to me, because one would be able to purchase absolute super car performance at a much discounted price, still in warranty and still a truly terrific car good for many miles of exciting service.  You can already see this working on 09 models now — the least expensive ones I have seen are $47K-50K.  So another year or 18 months of ‘curing’ and this batch could be aged well enough to enjoy!

What do you love about Cadillac?

What first drew you to the Cadillac brand?

Cadillac V-16 (left) and Sixteen Concept (right)

Was it the Styling? The Cadillac Design Team’s goal is to give Cadillacs a look all their own – a look that’s uniquely American.

Was it the Power? Cadillacs tend to be a wolf in sheep’s clothes when it comes to engine output.  Old school Cadillacs got the largest, most powerful engines available at GM.  Modern Cadillacs tend to have the most powerful & efficient engines available (most HP/Liter).

Was it the Exclusivity? Did you want a Cadillac because it was more exclusive — helped you to stand out more from the crowd?

Was it the Racing Heritage? Cadillac engines and Cadillac vehicles have been racing almost since the marque began in 1902.  A lot of what gives Cadillacs great performance as a luxury car on the road are the same attributes that make great racing cars.

Cadillac LMP 2001-2

What do YOU love about Cadillacs?

Take a moment and Leave a Reply below please.

Searching for Cadillacs

I enjoy driving my 2005 Cadillac CTS.  It has the Corsa cat-back exhaust, which gives some additional performance, and has a really sweet sound to it.  With the 3.6L V6 engine it is peppy, and handles well in traffic.

However, I also enjoy window-shopping for ‘new’ Cadillacs — new or old models are welcome for consideration.  I use a number of different pre-set searches to scan for used Cadillacs.

I live near Dallas, Texas, so an obvious search is the Dallas Observer newspaper.  Here is their Cadillac classified ads.

A second quick and easy search is the Dallas city list for Craig’s List; Here is their Cadillac used car ads.  A more general way to search Craig’s List ads is Hank’s Helper, which will let you search any nearby regional Craig’s List by keyword.  Also Search Tempest is an interesting way to search Craig’s list for Cadillacs.

Of course EBay can be a good source of used Cadillacs.  My Ebay search link searches for Cadillacs that also have “V” in their title — so is a search for V-Series Cadillacs, although occasionally some other models creep in.

For Cadillac accessories on Ebay, I try Direct Performance. For Cadillac Escalade Chrome accessories or for Cadillac SRX Chrome accessories, I use a direct link here.  CaddyInfo is an affiliate of the Auto Accessory Super Store, so I know we’ll get a good deal there.

2005 Cadillac STS copyright GM

Back on Cadillac cars, I use two search setups for Cars.com.  This one looks for the Cadillac STS-V, and this one for the Cadillac CTS-V ; both are set to a range of 250 miles from my zip 75023.

Finally, Carmax can be a good source of used Cadillacs, which you can find here.

Once you find the perfect-sounding used Cadillac, it is a good idea to have it completely checked out by a local mechanic or service.  Some Cadillac dealers will do a pre-purchase evaluation for you as well.  I have also seen members of our CaddyInfo Cadillac Forum Community be willing to do a hands-on check of a vehicle near them for someone who was shopping from a distance.