My car has depreciated $5,000 in 3 /12 years. Does that sound right?
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  • 2 Post By JakeBeefSteak
Cadillac CTS First Generation Forum - 2003 - 2007 Discussion, My car has depreciated $5,000 in 3 /12 years. Does that sound right? in Cadillac CTS Coupe, Sport Sedan and Sport Wagon Forums; I bought it in early 2010 for $11,500 it had 72,000K (115872.77 Kilometers) miles on it Seems a little excessive, ...
  1. #1
    TunixComplex is offline Cadillac Owners Enthusiast
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    My car has depreciated $5,000 in 3 /12 years. Does that sound right?



    I bought it in early 2010 for $11,500 it had 72,000K (115872.77 Kilometers) miles on it


    Seems a little excessive, did I overpay?

    Cant believe this type of a luxury car is worth less than some early 90s, late 80s BMWs. I could buy a lightly used GSXR, R6 or CBR for $4500.


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  3. #2
    wingnut2000 is offline Cadillac Owners Member
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    Re: My car has depreciated $5,000 in 3 /12 years. Does that sound right?

    mine had 67k in early 2010 and i paid 12k

  4. #3
    TunixComplex is offline Cadillac Owners Enthusiast
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    Thread Starter

    Re: My car has depreciated $5,000 in 3 /12 years. Does that sound right?

    Quote Originally Posted by wingnut2000 View Post
    mine had 67k in early 2010 and i paid 12k
    What is yours going for now?

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    wingnut2000 is offline Cadillac Owners Member
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    Trade in value about 5500

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    Tlorenzen is offline Cadillac Owners Connoisseur
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    Re: My car has depreciated $5,000 in 3 /12 years. Does that sound right?

    In February 2010 I paid 13,500 for the car, 14,500 OTD with 65,000miles. I now have 106,000 miles an kbb says its worth 8,623 Trade-in and 11,248 private sell. $3,252 for 3 years and 41k miles, I'd say is pretty good.

  8. #6
    JakeBeefSteak is offline Cadillac Owners Member
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    Re: My car has depreciated $5,000 in 3 /12 years. Does that sound right?

    I would say, this used to be excessive depreciation. Now days there is a lot of competition in the "luxury sport sedan" market. You will see even more depreciation in those high end German sedans. I say F*** IT, I'ts something I can't control & I enjoy driving the car.
    Kad4Life and Kad4Life like this.

  9. #7
    FRANKIE FINGERS's Avatar
    FRANKIE FINGERS is offline Cadillac Owners Fanatic
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    Look at it this way. Your car is 10 years old now. Its gonna depreciate. I paid $10k for mine a year ago and its and 07 with 70k miles.

  10. #8
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    odthetruth is offline Moderator
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    Re: My car has depreciated $5,000 in 3 /12 years. Does that sound right?

    I paid 9.5k for my 03 with 61k miles on it back in late '09, and when it wrecked, it was valued at over 10k.

    [2006 CTS-V]
    Bolt ons and Bolt ins, and Bolt underneaths.

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