: Good buy, or keep looking ?



mbnv992
04-12-09, 03:07 PM
Well, I think I found the perfect car for my mother (she's been looking to get into a Caddy for awhile now). The car is identical to mine (same color, etc. but is a V6, not a V8).
Here's the cars details,
It's a 2006, has 26,000 miles, V6, has AWD, Nav. with the full 16 speaker Bose surround sound, but NO sunroof. The car is certified through a Caddy dealership.
The asking price is just a hair over $21,000. We checked the car out today, and it's in really good shape, looks like no one has ever sat in the back seat.
Would you go for it, or wait for a better deal ?
Thanks for any advise,
Mike

EChas3
04-12-09, 10:41 PM
In December, I paid $21,000 for my 2006 STS4 V8 1SG before the CPO and it had about 39,000 miles. I'd like to hear from some of the members about current auction prices but I'd say it's in the ballpark.

IMHO the V6 AWD would be a bit underpowered but may be fine for Mom. (I didn't consider a V6 because HUD & ACC isn't available on them.) CPO is worth more than $1,000. Probably $2,000 if they really completed the whole checklist.

What do you think the dealer has in it? Have they come down at least $2,000 (10%) from asking? Trade-in involved? How long has it been on the lot?

At 15K this car costs them around $75 a month to sit there. A lot of dealers are cash poor. Make them a lowball offer and be prepared to walk away. There are thousands coming off a 3 year lease.

But I'm just a jerk on the 'net!

Have fun!

mbnv992
04-12-09, 11:13 PM
Thanks for the help !
So far, we've just looked at the car from the outside parking lot (the dealership was closed today). However, tomorrow I plan on giving them a call, and talking with the owner (my parents have know the owner for years) and see if he'd give us a good deal on the car.
They have the 2006 STS V6 for sale (for 21,000), and they also have a 2007 STS V8 for sale for $37,000 lol. Quite a BIG difference IMO.
Too bad I just bought my 2007 STS V8 last August, they just lowered the asking price for a 2009 STS-V with 3,000 miles on it. They want $57,000 for it. I paid $54,000 for my car last August (brand new left-over 07). If I knew they would have a 98% like new STS-V sitting on thier lot, I would've waited :thepan::thepan:

EChas3
04-13-09, 12:43 AM
A year ago my wife's 2007 RWD V8 ex-Hertz cost $31K with about 12,000 miles. That 2007 is something special or ......

Maybe Mom needs the STS-V!

:bouncy:

corvette00
04-13-09, 10:28 AM
That is the going price if it is a CPO. Used cars have increased at least 10% in value since December.

mbnv992
04-13-09, 07:06 PM
Well, just found out the car is NOT certified. The sales person said that the car goes through all the steps to BE certified when they get the car, but for the new owner to have it certified would add another $1500-$2000 to the price of the car.
We said "have a good one".

EChas3
04-13-09, 08:15 PM
I think you made a good decision. You'll find out if they want your business.

I paid $1,400 for CPO thinking of it as an extended warranty. I've since learned it is supposed to be more than that and can be had for $1,000. The checklist is interesting.

http://www.cadillac.com/_res/pdf/InspectionChecklist.pdf


If it's the 'one' and CPO was the sweetener (taking into account Corvette00's observation) you might be close. :stirpot:

Unique Distributing
04-13-09, 09:24 PM
put it this way.. i paid 18000 with tax which was 13% for my 2006 STS with nav and wood grain package V8, with 50000km and thats 18000 canadian.

mbnv992
04-13-09, 09:44 PM
Wow, thanks for the info !
I'm really glad we walked out ! And, to top it off, the salesman wanted $5,000 down, and for 72 months, the car payments would've been in the mid $400 range WITHOUT the CPO !
True the car was really clean, but I believe there is MUCH better deals to be had.
Oh, and the final price of the car (without tax, title, reg., etc., AND without the CPO) was $21,999 US dollars.

guitarocker420
04-13-09, 10:50 PM
got a 05 w/out nav w 45k miles for 13 in dec at a dealer auction

Superjim
04-14-09, 12:52 AM
Wow, thanks for the info !
I'm really glad we walked out ! And, to top it off, the salesman wanted $5,000 down, and for 72 months, the car payments would've been in the mid $400 range WITHOUT the CPO !
True the car was really clean, but I believe there is MUCH better deals to be had.
Oh, and the final price of the car (without tax, title, reg., etc., AND without the CPO) was $21,999 US dollars.


450 a month x 72 months PLUS 5000 down = $37,400.
Kinda steep.

Glockaddict
04-15-09, 11:38 AM
hmm I got a 2005 CPO V8 with Nav and 41k miles from and individual on Dec 1st for 14600.


got a 05 w/out nav w 45k miles for 13 in dec at a dealer auction

EChas3
04-15-09, 12:18 PM
hmm I got a 2005 CPO V8 with Nav and 41k miles from and individual on Dec 1st for 14600.

Nice deals are available!