I have been watching the Cadillac auto-market and as I have mentioned, have ‘zoned in’ on a 2010 Cadillac CTS Premium model to replace my 2005 CTS.
The Premium model is the fully-optioned 3.6L V6 CTS. The major features I want for my next Cadillac as a daily driver are:
- Sporty or Performance oriented
- Sunroof or Convertible
- Affordable – how much I spend matters
- Lots of Luxury Features, the more the better — Navigation, Bluetooth, Adaptive lighting, etc
- Under Warranty for several years / Maintainable
- Under 24K miles
Now I still lust after anything V-Series, but the V choices would be the 2007 Gen 1 CTS-V, the 2008 STS-V, or the 2009+ Gen 2 CTS-V. The 07’s are moving out of warranty, and the 08’s are just hanging on. So that leaves the focus on the 09 CTS-V.
Currently the 2010 CTS Premium has an asking price of anywhere from $32K up to $51K (for leftover new models still on dealer lots) depending on price and condition. The KBB retail value is ~$32K.
The 2009 CTS-V is just slipping below a long period of hanging at $49K down to $45K at the low end, up to $55K or so at the upper range of asking prices. The KBB retail value is ~$54K.
The 2008 XLR, a 2 seater convertible, is just coming into the low $40s, and ranges to the high $50s. The XLR gets a star for being a hard top convertible, but a strike for only having 2 seats lol.
My 2005 CTS has a KBB.com Private seller asking price of $10,865, and trade value of $8,950. Note that Dealers will then start negotiations at around $4K for the trade, leaving addition room for profits, so I fully anticipate the need to sell the CTS myself privately. My Cadillac is still under a GM extended warranty for 3 more months, which I feel is a feature for private sales.
|2009 Cadillac CTS-V||2010 Cadillac CTS Premium||2008 Cadillac XLR|
|Trade / Sell 05||-$10,865||-$10,865||-$10,865|
|Out of Pocket||$38,260||$24,448||$35,073|
I have taken sales tax on the full Cadillac value in case there is a space between purchasing the new Cadillac and selling the 05.
So the 09 CTS-V remains over 50% more expensive than a 2010 CTS Premium. The 08 XLR is almost as expensive as a 09 CTS-V, so no sale there. The numbers still suggest that the 2010 Cadillac CTS Sport Sedan Premium model is the smart buy in for the features I am shopping for.
Oh, but the song of the supercharged LSA V8 in the CTS-V, and the Magnetic suspension, are strong draws to spend the more money.