As we all know the SRX's resale value has been about as disapppointing as it's overall reliability. Thank goodness for warrant and recall programs.
I wonder if its limited sales volume will cause in years ahead a future demand as we've seen with limited production older cars in the Jackson-Barrett auctions or simply slip into oblivion like Yugos.
My judgment once upon a time was good. Bought a 80 Civic new and for a time it APPRECIATED.
Since the SRX uniqueness grabbed me (and you) I hope it grows in value.
What do you think (not wish) but think?

Sorry friend , but the SRX is not going to be collectable. Great car, not an appreciating asset though .

I just may find out! After trying to trade up a year ago, and finding the value SUCKED, I vowed to run my SRX until the doors fall off! :)

I just may find out! After trying to trade up a year ago, and finding the value SUCKED, I vowed to run my SRX until the doors fall off! :)

Had you bought a Sienna, that would be about.... um... now-ish... :rolleyes:

Your SRX will be an appreciating asset in about 40 years if you properly prepare it and store it away now. Some future owner will buy it for a few grand and watch it slowly appreciate while cursing the ultraview for jamming.

Out of the thousands of different models produced each year, only a handful will appreciate in value. They are cars, not jewels or Picasso's. I don't care if it's a Lexus or a Cobalt, they will depreciate at about the same pace on a percentage basis.

Having said that, the likely prospects will be the ones that are firstly, rarely if ever driven. Very low mileage examples taken very good care of and stored for most of their useful lives in a warehouse somewhere. Secondly, they will be the rarer high end versions, such as coupes, convertibles or special option packages. You don't INVEST in cars. Even the cars that DO appreciate will not even make enough profit to cover inflation except in rare incidents. Enjoy your car for the purpose you bought it and don't look back. Expect to pay about 15% per year with average mileage.

Friend of mine had an opportunity last Summer too buy a almost fully loaded 2005 SRX V6 with 6,000 miles(!) for less than $28,000!

One of the reasons the SRX does'nt have good resale is, it's a luxury car.
luxury cars, regardless of make have awful resale Look at a BMW 7 series for confirmation on that. Second it's a Cadillac. Cadillac's historically have awful resale. It's best to lease a Caddy unless you are going to keep it forever.
The SRX started at too high a price. if you remember, during the '06 model year prices were dropped $3,000.
Also, SRX sold well for '04 but '05 was not good and Cadillac built too many. And lastly incentives have been high. There were incentives on these v ehicles almost from the get go. I got a $1500 Conquest rebate on my '04 and I had one of the first V6s built.
See here: http://www.cadillacforums.com/forums/cadillac-srx-forum/9468-cadillac-srx-registry.html
Paid only $34,400 and it's a base car, did sign and drive and walked out the door.
That affects resale immediately.

I got a $1500 Conquest rebate on my '04 and I had one of the first V6s built.
See here: http://www.cadillacforums.com/forums/cadillac-srx-forum/9468-cadillac-srx-registry.html
Paid only $34,400 and it's a base car, did sign and drive and walked out the door.
That affects resale immediately.

When did you sell that car, how many miles were on it and how much did you get for it?

It was a lease ,and I turned it in early on the pull ahead program and GMAC/GM paid most of the remaining payments.
I think I had aboutr 41,000 miles on it. They then gave me $500 for another SRX lease. I threw some cash at this one and have a much lower payment.
Caddy's are not good to buy unless you are keeping it forever, or buying used.
The only Caddy I would consider buying would be a last year SRX before they go FWD.
But the SRX doesn't have the best reliability record.

It was a lease ,and I turned it in early on the pull ahead program and GMAC/GM paid most of the remaining payments.
I think I had aboutr 41,000 miles on it. They then gave me $500 for another SRX lease. I threw some cash at this one and have a much lower payment.
Caddy's are not good to buy unless you are keeping it forever, or buying used.
The only Caddy I would consider buying would be a last year SRX before they go FWD.
But the SRX doesn't have the best reliability record.

Well I guess that info won't help me make my point but what I'm trying to say here is that ALL cars depreciate about 15% per year with average mileage. Cadillac, Porsche, BMW or Lexus. Yes, you usually get better discounts on a Cadillac but that is what gives people the PERCEPTION of lower resale. For a rough example, if a car has an msrp of $50k but you buy it for $45k, that is factored into the resale. Obviously no one would want to buy your one year old $50k car for $45k if they could buy a new one at a discount for the same price. So they might pay $40k. Then it APPEARS as though you took a 20% hit on your one year old $50k car when in fact it was only 11%.

Actual numbers are very similar but I rounded things here for simplicity. I have researched literally thousands of resale prices and compared many brands and found the 15% figure to be fairly accurate. Of course with mileage that is either much higher or lower than average, that will greatly affect these numbers. You have to add on or delete to compensate for mileage differences. For another example, this is why it APPEARS that Ferrari has a high resale value. It is common to find 5 year old Ferrari's with 2500 miles on them when it is rare to find a 5 year old Corvette with less than 25,000 miles. So the percentage loss from original purchase price is much greater on the average Corvette.

The whole point is that with all things equal, almost ALL cars depreciate the same.

"The only Caddy I would consider buying would be a last year SRX before they go FWD."

The last SRX will be the 2009, the replacement is based on the new CTS and will be RWD or AWD.

Tom

"The only Caddy I would consider buying would be a last year SRX before they go FWD."

The last SRX will be the 2009, the replacement is based on the new CTS and will be RWD or AWD.

Tom

That sounds like good news to me.:cool2:
Although I heard the replacement wouldn't be till 2011.

I would have to disagree with you about most cars depreciating the same. I bought the 2004 SRX because it had depreciated so much compared to a Lexus RX300. I picked it up for 21k. The Lexus was 40k. I had a ten year old honda civic with 200k on it and I got 5k for it. IMHO the imports hold their value way better than the domestics.

I would have to disagree with you about most cars depreciating the same. I bought the 2004 SRX because it had depreciated so much compared to a Lexus RX300. I picked it up for 21k. The Lexus was 40k. I had a ten year old honda civic with 200k on it and I got 5k for it. IMHO the imports hold their value way better than the domestics.

What was the year you purchased it and what was the original price of each? What was the year of the RX300? Don't disagree with me without presenting the facts. Without facts, you are just guessing. I just sold a 9 year old GMC Jimmy with 140k on it last month for $6k. So what? It doesn't mean a thing unless you know if it was $16k when it was new or a $32k model. Or how many miles were on it.

RobVuk,

Most new ferraris sell over MSRP too.
BMWs hold their value decently if you are comparing a used one from a BMW dealer, but they will hammer you on trade-in.
Many of my friends not been able to sell their used BMWs privately at low prices and have sold them to the dealer
and gotten hammered.
So you are right BMWs don't have very good real world resale either. It think Hondas are one of the few cars that you have a chance of selling it yourself and coming out well.

TomWheeler,

I thought that there was no SRX replacement based on the CTS and that the new SRX replacement was to based on the Vue and would be a FWD and AWD design. + it will be coming out before 2011.
The SRX(Sigma) is supposedly too expensive to build, etc.

You might want to recheck your info.

Here is what GM Jim posted in an earlier thread:

Re: The future of SRX

--------------------------------------------------------------------------------

2009 is the last year for the SRX. It will be replaced by the GMT206 (CTS wagon.) Not to be confused
with the BLX which does share a platform, but is slated for European market only. I have only seen the
GMT206 in clay, but I feel SRX owners won't be disappointed. The 2008 Motor Trend car of the year made into a wagon, how can you go wrong.

Jim has been a great source of true GM information, so I have no reason to not to believe his information.

Tom

I thought the BRX crossover was considered the replacement for the SRX crossover?
A CTS wagon is not really a direct replacement for a crossover.
I like wagons a lot but unless Caddy adds 2-3" to the wheelbase of the CTS wagon it won't be a real "replacement."