: Lighty used 2010 vs new 2011



Woodruff
09-29-11, 10:06 PM
Hello all,

I have been visiting this forum on and off for a few years but I just signed up and this is my first post.

Please help me out with this pricing issue.
I am looking into buying a new 2011 or very low mileage, excellent condition 2010 CTS-V sedan.
Given that it may be possible to get up to $10k off on a new leftover 2011, how much more should I aim for on an 18 month old 2010 with less than say 5000 miles? Assume a non-recaro auto, if that matters.

Thanks in advance,
Woodruff.

smackdownCTSV
09-29-11, 11:23 PM
What's the price difference between the 2?

Woodruff
09-29-11, 11:43 PM
I guess I would prefer not to make the issue specific to any particular 2010 car, yet.
I am trying to find objective measures on how to determine how much I should pay for a mid-2010 model year car which would now be about 18 months old with low mileage, say less than 5000 miles. Assuming the same options for both cars.
I belive there may have been a 1-2k MSRP increase from MY10 to MY11.

RippyPartsDept
09-30-11, 12:17 AM
the used 2010 (or used 2011) can get the Certified Pre Owned warranty (CPO) ... 6 years, 100,000 miles bumper to bumper ... extra 2 years and 50k miles from the normal bumper

only a cadillac dealer can add this warranty and it can't be added to just any used car but a lightly used great condition V for sure would pass the CPO inspection
only the dealer can add it, but there's a slight chance that a CPO car that young would be found at a non dealer lot

often they will add the CPO for you if it will make the sale for them (of course it will still cost a bit more, but you're getting a lot for the extra $$)

i would suggest trying to find one with the CPO

M5eater
09-30-11, 03:26 PM
I never understood why CPO cars are elgiable for huge jumps in the bumper to bumper like that but new cars are not..

I would go for the 2010, there are no differences between those model years.

Hydro
09-30-11, 03:30 PM
I was in you're shoes last month and ended up with a 2010 with only 726 Kms (450 Miles) that was sold new in Oct 2010 so not even a year old, Saved a ton of coin and am extremely happy with my choice.

oneman42
09-30-11, 03:59 PM
Hydro, can you spare some details to gcoman at telus dot net please? I am located in Calgary.
Thanks,
George

RippyPartsDept
09-30-11, 04:10 PM
new cars are new... they're not Pre-Owned (the P.O. in CPO)

as far as I understand it the CPO is a way to keep the used cars moving off the lots (lease returns especially)

Club Malibu
09-30-11, 05:04 PM
2011 has rear camera. 2010 doesn't. I wish my 2010 had a rear camera.

elphil
09-30-11, 05:18 PM
One difference between the used '10 and new '11 is the $2,600 GG tax (automatic) on the '11.

Woodruff
09-30-11, 11:24 PM
Thanks for all the replies.

Would anyone care to give a number as to how much cheaper the 2010 would need to be before they would choose it over a new 2011?
Another $10k perhaps?

smackdownCTSV
10-01-11, 09:27 AM
Yes, $10k pending options and mileage. And since the 2012s are rolling out, dealers should be able to put out a nice deal for the leftover 2011s.

Hydro
10-01-11, 12:27 PM
Hydro, can you spare some details to gcoman at telus dot net please? I am located in Calgary.
Thanks,
George
Email sent.

Hydro
10-01-11, 12:30 PM
Thanks for all the replies.

Would anyone care to give a number as to how much cheaper the 2010 would need to be before they would choose it over a new 2011?
Another $10k perhaps?

FYI i saved well over that and the car only had 726 kms around 450 miles.