Contemplating V purchase
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2009-2014 Cadillac CTS-V General Discussion Discussion, Contemplating V purchase in Cadillac CTS-V Series Forum - 2009-2014; Its a bit of a story. I currently drive a 2012 CTS 3.6DI AWD, fully loaded except the recaro seats. ...
  1. #1
    arw1510 is online now Cadillac Owners Enthusiast
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    Contemplating V purchase

    Its a bit of a story. I currently drive a 2012 CTS 3.6DI AWD, fully loaded except the recaro seats. Fantastic car. I bought it new, and it currently has 30,000 miles on it. Prior to this, I was driving a 2004 SRX V8. I honestly miss driving an SUV, and also miss driving a car with a V8.

    What I am considering:

    Sell my CTS, assume I get 35k for it by the time all this happens. I'm 22 and in grad school, so if I were to go for a loan, I would be comfortable with a 15-20k car loan. So i would have roughly 50-55k to spend.

    I drive 22k miles a year, and need to get to work and school through the snow, therefor a V wouldn't be able to be my only vehicle.

    Would consider buying a used 2010 or 2011 V for 35-40k. And then go and find another old SRX, say 06-08 V8 for less than 15k.

    Would you guys justify me selling a "new" car for 2 used ones? Any other suggestions are also appreciated.

    When I went to purchase the CTS a year and a half ago, I also looked at the Escalade and Escalade EXT. GMC Sierra Denali, Mercedes GL. I was not happy with the 5 series or E class, and have been completely satisfied with Cadillac in the past. So that would be the other option for me to consider, is since I don't really like driving a sedan all the time, for me to pretty much swap for a Used one of those. The GMC would be closest in price, and the rest i would probably have to come up with another 10k cash if I found them in a 2012 model with 30k miles. Back then I wasn't making as much money, and wasn't 100% sure that I would be able to maintain the bigger car. Now that I am making more money, Its worth considering again.


    Thanks guys

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  3. #2
    jeremy stanke is offline Cadillac Owners Member
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    To be perfectly honest, I don't see you getting anywhere near $35k for your 2012. I think I was offered $30k for my 2012 coupe with 8,000 miles.

  4. #3
    VMoose's Avatar
    VMoose is offline Cadillac Owners Fanatic
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    Re: Contemplating V purchase

    You sure you want to drive 30,000 miles a year in a CTS-V?

  5. #4
    arw1510 is online now Cadillac Owners Enthusiast
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    Quote Originally Posted by jeremy stanke
    To be perfectly honest, I don't see you getting anywhere near $35k for your 2012. I think I was offered $30k for my 2012 coupe with 8,000 miles.
    Dealer offered me 36 already. Would ask 40 if I sold it privately.

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    Quote Originally Posted by VMoose
    You sure you want to drive 30,000 miles a year in a CTS-V?
    It's only 20-22k miles per year, and would be the V plus the other car. So maybe 15 and 5?

    Are you saying that you don't like to drive your V that often?

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    KevinWP is offline Cadillac Owners Member
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    Doesn't totally make sense to me to have two cars to care for, just for the sake of having a fast car. Get a barely used or new s6 or something.

  7. #6
    arw1510 is online now Cadillac Owners Enthusiast
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    Quote Originally Posted by KevinWP
    Doesn't totally make sense to me to have two cars to care for, just for the sake of having a fast car. Get a barely used or new s6 or something.
    Not an Audi fan. Looked at s5- couldn't fit. Don't like a/s6. It's not any difference to me having more than one to care for. I've had 2 in the past and always enjoyed having a spare car. But at least this time around I was trying to make one of them the car I would really enjoy

    Thanks for the suggestion though

  8. #7
    dennych is offline Cadillac Owners Enthusiast
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    Re: Contemplating V purchase

    I say keep the CTS you have... it's too new to sell off unless you were rich.

  9. #8
    Jinx is offline Cadillac Owners Connoisseur
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    Re: Contemplating V purchase

    Not to be harsh, but I think maybe your eyes are bigger than your wallet. You want a V and an AWD V8? Your numbers seem very optimistic, and trying to make them work just buys into higher-mileage worse-condition rides with more cost later.

    Why not a V and a cheap slow AWD beater for the harsh weather?
    Why not just slog a V through your harsh weather? Snow tires and good driving goes a long way, and if you plan to put a lot of miles on a V you must not be planning to be precious about it.

    Why not just go back to an AWD V8? I can appreciate just wanting a V8, and if you're considering giant V8 SUVs (which really aren't fast) the performance of the V seems more a "why not" than a "must have." So maybe just go back to a nice low-miles SRX 1.0? Or maybe a 300C/Charger/Magnum AWD V8? Or a Grand Cherokee or Durango V8?

    Or maybe it's time to add forced-induction to your current ride, if the drivetrain is considered stout enough.

  10. #9
    arw1510 is online now Cadillac Owners Enthusiast
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    Quote Originally Posted by Jinx

    Or maybe it's time to add forced-induction to your current ride, if the drivetrain is considered stout enough.
    If I keep the car, that's probably what I would do, but probably after the bumper to bumper warranty is up. I have had, and other family members have had bad experience with dodge so I wouldn't even consider on of those.

    But your right, the v8 SUV wouldn't be for performance, but to get back into what I was used to.

    The simple way to put it is that the car I have now just doesn't seem to do it for me as much as it used to. Which I suppose happens to any car after a certain amount of time, but I didn't expect it so soon. So now, while the numbers work, and the opportunity is there, why not look into such options?

    I do very well for someone my age and since the main bills are only tuition and a roof over my head, why not go out and enjoy myself with the cars while I don't have any kids and what not. I outright own my current cts so all I'm paying there is gas and insurance

    Just weighing all the options you know.

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    Jinx is offline Cadillac Owners Connoisseur
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    Re: Contemplating V purchase

    You might find that a V8 SUV doesn't do it for you anymore, either. Especially if it's not as plush as the CTS.
    If you own it outright, why wait until the warranty's up to hop it up? If the drivetrain's solid at 30,000 miles... are there bits on a non-V CTS that tend to fail after the 50K mark?

    And if you're single and moneyed and bored with your ride and looking for something happier, why not try to move forward instead of retreat to the familiar? Try something out of character or a little bit nuts. STi and Evo are cliche for a reason and that reason is banzai fun. Try a near-new Chrysler. Try an AWD Juke or Mini. A BMW-engined Land Rover. (How'd that get in here?) Hell, get a Unimog.

    Honestly, picking something familiar is what you do when you're past 40 and the list of things you know you don't like is as long as your arm and as prickly as your ear hair.

  12. #11
    oneman42 is offline Cadillac Owners Fanatic
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    Re: Contemplating V purchase

    I think your two choices are (money wise) - Jeep SRT8 (you pick the year) or the Range Rover Supercharged (again you pick the year).
    HTH,
    George

  13. #12
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    Re: Contemplating V purchase

    Quote Originally Posted by arw1510 View Post
    Dealer offered me 36 already. Would ask 40 if I sold it privately.

    ----------

    I'd take that offer and run! There are many used AWD 3.6's with 1/2 the mileage selling for thousands less. You could probably find a new left-over 12 for that price.

    If you've got the cash to do it, you only live once, go for it... but I think your numbers are pretty far off. You're not going to find an 11 for $40k that's worth a shit; I search 10 sites daily; they aren't out there. For a great deal on a decent 11 you're looking at being in the $46k range. You could probably find a decent 10 for around 40 (I'm not looking that far back, so I don't have a feel for what they're going for).

    You'll also need to factor the extra $7-8k a year in fuel and the bump in insurance for going from a the 3.6 to the V and an additional V8 SUV.

    No way to rationalize the decision in to making sense, but then the V doesn't make sense to start with... so that leaves this as a solely emotional decision. If you are tired of the 3.6 and want a V, go for... but find a great deal, because when you get tired of it in another year, you'll just keep digging a deeper hole if you don't!

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    Re: Contemplating V purchase

    +1 on the nay-sayers. If the dealer is offering you $36K on trade, then that's best-case scenario for your ride but that doesn't mean you have to take it. I wish the dealer offered us anything north of $30K on our loaded 2011 CTS Wagon...

    Anyway, honestly, I think you need to sit tight and enjoy the car as-is. Is the V a totally different animal? Yup -it's worth the trade. But the financial side of things is IMHO more than you're ready for unless your independently wealthy or Mom&Dad are helping out. Fuel might be a big issue, but personally I think the car is reasonable for all-weather driving if it saves you thousands in maintaining/insuring another vehicle. It would be cheaper having two sets of wheels than keeping two different cars.

    I think it's just a bad move to take on tons of debt before you get a real job (I kind of did the same thing with a project car when I was in grad school - it was fun at the time, but that car and a LOT of money is long gone; it was also a convenient distraction from what I should have been doing with my time). It's short-sighted impulsiveness if only because you're talking about a $20+K loan to make this happen, but I don't know your personal situation either.

    Simply put, your goal should be to live comfortably while taking on as LITTLE debt as humanly possible right now - save your money (and interest payments) for the next Hot Rod in 3-4 years after you've settled into a job, location and living arrangement. Used cars are always a bit of a gamble and/or a money pit, and that's before you start modifying it.

  15. #14
    arw1510 is online now Cadillac Owners Enthusiast
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    Thanks for the input guys. As for the suggestions on the other cars, I'm gonna pass. I'm pretty set on sticking with gm(Cadillac). I didn't see it as taking on a lot of debt, if I traded it and got the 36, I would need no more than a 20k loan,which is nothing. I don't think my numbers are that far off, I've gone to a few dealers, done my homework. The only thing I didn't do my homework on yet is on the warranty for a certified pre owned. They change all the time, but if it extends the b-b warranty to a decent mileage, then it's a win there also.

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    Quote Originally Posted by IBMike



    If you've got the cash to do it, you only live once, go for it... ---that's why I'm even thinking about it, the opportunity is there, who knows if it will be there again

    You'll also need to factor the extra $7-8k a year in fuel and the bump in insurance for going from a the 3.6 to the V and an additional V8 SUV.
    I'm 4-500 on gas now, assume it would almost double. Insurance would be less with just an SUV, but adding the v it would definitely go up, but I don't see it going up sp much it wouldn't be do able, but again, before I pull the trigger on this, geico would get a call and I would make sure

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    Quote Originally Posted by Jinx
    You might find that a V8 SUV doesn't do it for you anymore, either. Especially if it's not as plush as the CTS.
    If you own it outright, why wait until the warranty's up to hop it up? If the drivetrain's solid at 30,000 miles... are there bits on a non-V CTS that tend to fail after the 50K mark?
    The shop that as the experience doing it is 2500 miles away and probably costs close to 10k once all said and done. Waiting until 50k is only waiting a year, so it times out well for me since I'll be out of school by then

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    Re: Contemplating V purchase

    To be fair, my wife has the CTS and I have the CTSV - I'd pick the V all day long any day of the week, for any weather. IMHO they are both similar in bad weather; driving style and tires make all the difference. Recaros are mandatory, and used prices can be pretty competitive so it's not a bad trade at all.

    It's up to you as to how much that $20K (or $26K+ including interest, taxes and fees) is worth over the next few years relative to your situation. If you can wait a year to supercharge your existing CTS, then it makes me think you can wait a year to trade-up for the V.

    My hesitation really comes from your driving requirements, your age and school situation: you're at a point in life where things will look vastly different in 1-2 years, so I hate to encourage people to take on debt payments for a depreciating asset that will only depreciate faster with the mileage, wear/tear and economy.

    Good luck!

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