If Buying an 08 CTS, you're filthy rich or crazy!!!
This is a redesigned car and yes it's under warranty but who knows what might be wrong with it (i.e., design defects). These Caddys lose a lot of value over the first 36 months. I never buy a new car. Usually lease returns. My 2004 CTS had a sticker price of 45K - it has it all. I just puchased it for 22k w/28K miles and it looks like new with a perfect interior and no, dents, dings or sratches whatsoever on the exterior. Only a little road rash on two wheels. You are just about guaranteed that Cadillac will not be giving any deals on the 08 models for quite some time and may charge over sticker. I also looked at a 2006 CTS-V with 9K miles for 25K!! hen a found out how much more the insurance was. But if you and/or your family are filthy rich, then go for it!!
Re: If Buying an 08 CTS, you're filthy rich or crazy!!!
Traditionally 3 year old used cars are the best value. You get a car still under some type of warranty and pay about half of MSRP.
Its not news... its not particular to the Cadillac brand or specific model you chose...
Its pretty much standard depreciation on most automobiles..(excluding some cars but its pretty much across the industry)
The advantage of buying a new car is you get to enjoy a brand new product made for you. It should theorically (sp) have no issues and you get to break the car in the way you want.
If the car is smokin hot like the new CTS then you get to have at the moment you drive it off the latest and greatest. Sometimes that feeling supercedes the loss of value that a buyer would get when they buy a 3 year old car.
Which is the right way to go? Buy a 3 year old preowned car or a new one can both be right. Just depends on the individuals frame of mind and his or her particular financial situation.
Although a lot of attention is being paid to the new 2008 CTS I can assure you that a 3 year old CTS is considered a great car and you should enjoy the ownership experience. I won't kid you though and tell you the same about the CTS V because being a corvette owner myself I tend to really like the fact the CTS V had a corvette motor.
Thats an even more kick @ss ride than the standard CTS yet thats exactly what the manufacturer had in mind when they produced it.
I can't help but wonder what excitment hits the board when the new 2009 CTS V hits. Wish I could wait for one as thats going to be an even more impressive vehicle. Rumor is it will replace the 300hp motor with a 500 or 600 hp motor to once again wow the automotive world.
The new CTS is awesome. The new CTS V coming in 2008 will be even more so. I guess thats the nature of the automotive world.
Re: If Buying an 08 CTS, you're filthy rich or crazy!!!
Quote:
Originally Posted by JBsZ06
The advantage of buying a new car is you get to enjoy a brand new product made for you. It should theorically (sp) have no issues and you get to break the car in the way you want.
If the car is smokin hot like the new CTS then you get to have at the moment you drive it off the latest and greatest. Sometimes that feeling supercedes the loss of value that a buyer would get when they buy a 3 year old car.
Which is the right way to go? Buy a 3 year old preowned car or a new one can both be right. Just depends on the individuals frame of mind and his or her particular financial situation.
Plus if buying a new car that you keep for several years (4+) YOU know how the car was driven and taken care of
Quote:
Originally Posted by JBsZ06
Rumor is it will replace the 300hp motor with a 500 or 600 hp motor to once again wow the automotive world.
Re: If Buying an 08 CTS, you're filthy rich or crazy!!!
Ah yes....I've been waiting for this. The same thing that happened in the Escalade forum- A big group of insecure people who are mad that their car will no longer be the "current" design, and so they start talking about how ugly the new one is, how much better they like their current one, and how stupid everyone is for buying the new one.
Jealousy in an ugly thing, my friend. The '08 is an awesome ride, but there's no need to throw stones at it to cover up your own insecurity about now driving an "outdated" car.
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Re: If Buying an 08 CTS, you're filthy rich or crazy!!!
JB explained it perfectly. Sure, the new CTS is going to cost more than a used one - and it may have some first year issues - but you've got the latest and greatest.. For some people, this is the way to go. For some, it's not...
With the Escalade crew, I'm not sure it's "always" jealousy.. In my case, I REALLY like my 05 ESV. I'm not crazy about the less-edgy look of the 07. I actually like the looks of mine better. However, the interior is much nicer in the new Escalade.. If I was given a choice of a Free Escalade, 05 or 07, of course I'd take the 07 - it just makes sense. But I really like my 05 better...
I hope the NEXT Escalade is more edgy and far more different than the Tahoe and Suburban - which I constantly mistake for an Escalade at various angles...
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