{"id":7187,"date":"2010-04-16T06:26:17","date_gmt":"2010-04-16T12:26:17","guid":{"rendered":"http:\/\/caddyinfo.com\/wordpress\/?p=7187"},"modified":"2010-04-16T06:26:17","modified_gmt":"2010-04-16T12:26:17","slug":"in-pursuit-of-the-perfect-30k-cadillac","status":"publish","type":"post","link":"http:\/\/www.caddyinfo.com\/wordpress\/in-pursuit-of-the-perfect-30k-cadillac\/","title":{"rendered":"In pursuit of the perfect $30K Cadillac"},"content":{"rendered":"

The total cost of owning a car includes a variety of factors.\u00a0 The actual price of the car is not directly a factor, unless you keep the car forever.<\/p>\n

The difference in price of a car between when you buy it and when you sell it form the simple depreciation of the car while you owned it.\u00a0\u00a0 For example, if you were to purchase a car (we’ll call it car1),\u00a0 for $45K, drive it for a year, then sell it for $40K, you might say that car1 cost you $5K to drive for a year.\u00a0 On the other hand, if you purchase car2 for $25K, drive it for a year, then sell it for $18K, it cost you $7K to drive car2 for a year.\u00a0 So although car1 had a higher price, car2 had a higher depreciation, and so cost more to drive for the year.<\/p>\n

For my next Cadillac I plan to target an expense range of $400\/month for the car.\u00a0 I plan to drive it for 60 months.\u00a0 At the end of the 60 months I anticipate that the residual value of the car will be no greater than $5K.\u00a0 This means I will be looking for a vehicle that has a purchase price of $24K (60 mo x $400) plus $5K, or $29K.<\/p>\n

Since the new CTS starts at $35K, that seems difficult as a budget for a Cadillac.\u00a0 But I will not be shopping for a new car this time out, but rather for a 2 year old model with under 25K miles.\u00a0 I also know that I drive an average of 15K miles per year.\u00a0 Keeping in mind my 5 year horizon, if I purchase a car with 25K miles, after 5 years it would have 5×15=75K + 25K = 100K miles, and should still be in relatively good shape, and not require excessive maintenance or repairs.<\/p>\n

\"\"<\/a><\/p>\n

My favorite target that is just coming into the 30Ks is the 2008 Cadillac STS-V.\u00a0 As I have previously noted, the STS-V with every option known to man and a 469 hp supercharged DOHC Northstar V8 seems an amazing value, and it a high-weather mark in STS development.\u00a0 I am hopeful that by this summer I will be able to find an excellent example within my price range.\u00a0 Alternates would be to shop a fully loaded 2008\/2009 CTS Sedan, or STS V8 Sedan, but the power and suspension tuning of the STS-V fit my idea of fun better.<\/p>\n

\"2006<\/a>

STS-V Interior Tango Red option shown<\/p><\/div>\n

Now it is just the matter of finding the right STS-V. Total sales in 2008 of this model was under 500, but as the V-Coupe arrives this summer hopefully more of the STS-Vs will be coming out of the woodwork.<\/p>\n

I have not lost my love for the new 2nd Generation CTS-V of course, and once prices for the Super Car CTS-V are in the mid to low $30Ks I will be looking very hard at them for the next Cadillac V.<\/p>\n","protected":false},"excerpt":{"rendered":"

The total cost of owning a car includes a variety of factors.\u00a0 The actual price of the car is not directly a factor, unless you keep the car forever. The difference in price of a car between when you buy … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":69,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[144,6,523],"tags":[168,573,38],"class_list":["post-7187","post","type-post","status-publish","format-standard","hentry","category-cts-v-cadillac-models","category-site-info-news","category-sts-v-cadillac-models","tag-depreciation","tag-shopping-for-cadillac","tag-sts-v"],"_links":{"self":[{"href":"http:\/\/www.caddyinfo.com\/wordpress\/wp-json\/wp\/v2\/posts\/7187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.caddyinfo.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.caddyinfo.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.caddyinfo.com\/wordpress\/wp-json\/wp\/v2\/users\/69"}],"replies":[{"embeddable":true,"href":"http:\/\/www.caddyinfo.com\/wordpress\/wp-json\/wp\/v2\/comments?post=7187"}],"version-history":[{"count":16,"href":"http:\/\/www.caddyinfo.com\/wordpress\/wp-json\/wp\/v2\/posts\/7187\/revisions"}],"predecessor-version":[{"id":7203,"href":"http:\/\/www.caddyinfo.com\/wordpress\/wp-json\/wp\/v2\/posts\/7187\/revisions\/7203"}],"wp:attachment":[{"href":"http:\/\/www.caddyinfo.com\/wordpress\/wp-json\/wp\/v2\/media?parent=7187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.caddyinfo.com\/wordpress\/wp-json\/wp\/v2\/categories?post=7187"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.caddyinfo.com\/wordpress\/wp-json\/wp\/v2\/tags?post=7187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}