I tried to trade off my V and I was Shocked....:crying2:


I looked on E-Bay and I was Shocked...:crying2:



Is it a Bad Design and they know it?:stirpot:

Or does everyone else know it?:stirpot:

Actually, it has one of the best rates for depreciation (after 3 years). It is suppposed to be worth around 53% of its value after 3 years while A LOT of cars are in the low 30s%. I read that in a magazine, forgot which one.

Also most of us didn't get a real killer deal since the car is limited production. It isn't like we bought a normal GM car for 100s under invoice.

No...just GM at its best. Most of their products are marginal and over-priced, so they have to give REBATES and INCENTIVES, etc to move them. The sticker on mine was 52-53K and I only paid 43K new. So how much could a used one be? If they didn't have a subsidized residual rate on my Smart Buy, I never would have bought it. In comparison, I paid full sticker price for my BMW, but actually made money on the trade-in!! I guess you either pay a lot up front and have some value later.....or get a deal up front and have to unload it cheap later.

Reason for higher-than-anticipated depreciation:

1) Crappy rearend, looking forward to upgrading mine when it blows
2) GM/Cadillac's failure to acknowledge such and provide a fix
3) Dealer's and RSM/DSM's poor attitude in resolving such
4) High fuel prices, some buyers will factor this into their buy decision
5) Forecasted future fuel shortages, thus even higher fuel prices
6) GM Employee Pricing has hurt the entire used car market
7) Many more than above, but too lazy to think of others

Take your pick. I still love my V. I paid sticker and still feel I received great value. My V will be with me for five, maybe even ten more years, so I am not concerned with trade-in value. Good luck with your sale...

I tried to trade off my V and I was Shocked....:crying2:


I looked on E-Bay and I was Shocked...:crying2:


Is it a Bad Design and they know it?:stirpot:

Or does everyone else know it?:stirpot:

Just out of curiousity, what did GM offer you in trade ('04 I presume). Last I looked they were still running in the low-middling $30s for '04s on E-bay, and low $40s to maybe mid-$40s for '05s.

I'm curious what GM dealer would offer in trade...

Brian R.

Yeah, the employee discount pricing has totally killed the resale values. I got totally screwed when I traded in my 03' Z71 Tahoe a few weeks ago for an 05' Infinity QX 56. I'm done with GM after getting boned on my last two trades (Vette, Tahoe). I plan to keep the V for a while to come but I seriously think that the V will be the last American made car I own.

I wouldn't have gotten this car if I didn't pay $42 for the car new.

Just wait till CVP gets a hold of this thread, he is viscious.:bomb: On the depreciation part- its a car, not an investment. It isn't the only one of its kind. Its not a historical car. Once you put any miles on it after delivery, forget it price chopped. Even jewelry drops in value, then hopefully will rise again. You can't buy a car for the value rising. You have to just put foot to floor and enjoy it. Just my spare change that your mom gave me last night on my way out the door.:eek:

In 1998 I bought an Ivory Pearl 1995 Infinti Q45t for $18,000 with 22,000 miles on it, just 3 years old, low mileage and flawless. The guy I bought it from paid nearly $60,000 out the door, it came with the PO so I know what he paid. One of the reasons I bought my V used.
I like to let someone else take the lumps. :thepan:

Now that's depreciation.

In 1998 I bought an Ivory Pearl 1995 Infinti Q45t for $18,000 with 22,000 miles on it, just 3 years old, low mileage and flawless. The guy I bought it from paid nearly $60,000 out the door, it came with the PO so I know what he paid. One of the reasons I bought my V used.
I like to let someone else take the lumps. :thepan:

Now that's depreciation.

Buy 'em used and worry whether or not you got a good one, or buy them new and drive them for about ten years and don't worry about the depreciation....... like the man said, it's not an investment, it's a cost you pay for your driving entertainment. If you want to buy it as an investment, the day you buy it, cover it and store it for about thirty years and hope that you live long enough to sell it for more than you paid for it.

There's also the problem of low demand. CTS-Vs didn't disappear off the lots like M5's, AMG's, or (dare I say) 300C's. Prior to employee pricing, dealers were discounting the V to get rid of it. This is not conducive to the car holding its value.

My opinion is that it is low demand. Even people that are seriously impressed with my V don't realize they are even made.

I think that is why I got my '04 new, after it sat in a dealer showroom for a full year, for $41,000. Really, although I wanted a CTS-V since I first read about them, it is the only reason I actually bought it...it was just too good of a deal, and essentially I avoided the first year of depreciation...maybe more.

My other thought is that now that an LS2 is on it's way, maybe some would be going for the "new" version?

Buy 'em used and worry whether or not you got a good one, or buy them new and drive them for about ten years and don't worry about the depreciation....... like the man said, it's not an investment, it's a cost you pay for your driving entertainment. If you want to buy it as an investment, the day you buy it, cover it and store it for about thirty years and hope that you live long enough to sell it for more than you paid for it.

I buy 'em used with the Factory Warranty still intact. My V had 3 years and 10 1/2 months remaining on the factory warranty, I put $12,500 less out of pocket from what the previous owner actually paid for a 6 week old car. I like to turn my daily drivers over every 18 months or so and this saves some wallet pain. I'm sure I'll have just as much worry free fun as any other V owner. We all have a shit eating grin when we drive our V, mine might show some extra teeth though. :D

With 7110 miles on an 2004 with no body damage,non-smoker,and every option I was quoted $38,000.00. On E-bay they have them as low as 32K

Just out of curiousity, what did GM offer you in trade ('04 I presume). Last I looked they were still running in the low-middling $30s for '04s on E-bay, and low $40s to maybe mid-$40s for '05s.

I'm curious what GM dealer would offer in trade...

Brian R.

I figured I could almost break even!

Buy 'em used and worry whether or not you got a good one, or buy them new and drive them for about ten years and don't worry about the depreciation....... like the man said, it's not an investment, it's a cost you pay for your driving entertainment. If you want to buy it as an investment, the day you buy it, cover it and store it for about thirty years and hope that you live long enough to sell it for more than you paid for it.

2005 Redline, moonroof, 8k miles went through the dealer auction at $36,500 a few weeks ago.

A small fraction of American buyers want a car like the CTS-V. Most people can't drive stick, they don't want a loud exhaust and they want an engine that idles smoother than the LS6.

Pricing from a dealer... around $28 - $29K (that's a high estimate) for an '04 with around 22,000 miles on it. :(

Pricing from a dealer... around $28 - $29K (that's a high estimate) for an '04 with around 22,000 miles on it. :(
Do you have any links for such a car? If you don't want to post here, could you email to me? hudsonrpm@net1plus.com
Thanks,
Rich

Do you have any links for such a car? If you don't want to post here, could you email to me? hudsonrpm@net1plus.com
Thanks,
Rich
Rich,
It's my '04, and it has about 23,000 miles on it now. A wholesaler offered around 30,000 for it and that's why I figured a dealer would offer other V owners around $28 - $29,000 (I'd guess that they'd probably try to sell it for around $32,000).

Whoever does end up with my '04 is getting a good one. Still on the original diff (no whinning) and it's never been in the shop for anything but routine oil changes and recalls. Even though I did drive it hard once in a while the car is in perfect mechanical shape.

- clutch is perfect.
- still on original brake pads, which were checked about 2,000 miles ago by my dealer.
- one wheel is scratched but it's an easy repair.
- Needs new wipers ;)

If the wholesaler doesn't want it in the next week or two I'll send you an e-mail. I'll also let you know if the wholesaler takes my V.

Vrocks

You can point it out to a million different things, but I'm in the car sales business and there is only one reason at this point why the V's resale value has suffered so much in the last few months.

GM's employee pricing program.

Before this, the resale was very high on these cars. Unfortunately, those people got a great deal, but hurt the rest of the market. Unlike Ford who only applied their employee pricing to certain vehicles (ie excluding Mustang, Escape hybrid, etc) to keep their values up, GM just did it cross the line except for the Vette. And now that GM has opened the floodgate to incentives on the V, its gotta keep 'em coming.

Like someone said, if you get it good up front, you're going to take it in the rear on the trade in. Oh well. I'm not planning on getting rid of mine for awhile anyway. :)

funny - I bought a '94 Infiniti Q45t back in 1997. Similar story, I paid $20K for the car, which stickered for ~$55K and probably sold for mid-high $40's.That is 36% of original value when 3 years old. Not very good. It had under 30K miles on it at the time too, so very low miles. I drove the car for 3-4 years and put on 55K+ miles on it. Sold it for $8K, which interestingly enough is 36% of what I paid for it after 3-4 years. Now, $8K is a pretty good deal for a car that cost someone $50K+ for new.

It will be interesting to see how I do on the V. I leased mine recently and paid $46K for it, but the lease is a 3/36 and the residual value is 56% which is calculated based on the MSRP. In 3 years time, if I still want to own a V, it will be interesting to see how the $29.5K residual works out on my car. If I can buy a used '06 for the same price with less miles and 1 extra year of warrantee coverage for the same price as buying mine out after the lease it will be an interesting choice I have to make. If the residual is pretty close, then I'd certainly rather keep my car as I know how it has been cared for (assuming it doesn't have an abnormal amount of problems). Or I may decide it is time for something else at that time.

But if the '04's are now approaching $30K and those are 2 model years old, it would seem reasonable to expect GM guessed wrong on my residual if they are expecting a 3 year old car w/ 36K miles to be worth $29.5K. With BMW's and Mercedes the residuals are very predictable and acurate, but we are dealing with a bit of an unknown with a car like the V.....

Scott

funny - I bought a '94 Infiniti Q45t back in 1997. Similar story, I paid $20K for the car, which stickered for ~$55K and probably sold for mid-high $40's.That is 36% of original value when 3 years old. Not very good. It had under 30K miles on it at the time too, so very low miles. I drove the car for 3-4 years and put on 55K+ miles on it. Sold it for $8K, which interestingly enough is 36% of what I paid for it after 3-4 years. Now, $8K is a pretty good deal for a car that cost someone $50K+ for new.

It will be interesting to see how I do on the V. I leased mine recently and paid $46K for it, but the lease is a 3/36 and the residual value is 56% which is calculated based on the MSRP. In 3 years time, if I still want to own a V, it will be interesting to see how the $29.5K residual works out on my car. If I can buy a used '06 for the same price with less miles and 1 extra year of warrantee coverage for the same price as buying mine out after the lease it will be an interesting choice I have to make. If the residual is pretty close, then I'd certainly rather keep my car as I know how it has been cared for (assuming it doesn't have an abnormal amount of problems). Or I may decide it is time for something else at that time.

But if the '04's are now approaching $30K and those are 2 model years old, it would seem reasonable to expect GM guessed wrong on my residual if they are expecting a 3 year old car w/ 36K miles to be worth $29.5K. With BMW's and Mercedes the residuals are very predictable and acurate, but we are dealing with a bit of an unknown with a car like the V.....

Scott

Personally I hope the sales tank and the V goes the way of the grand national. Then try to buy one for $30K..:eek: The best thing that Caddy could do is to stop stocking them an have them made to order which is what it was like in Oct to Feb of 2004.

Just wait till CVP gets a hold of this thread, he is viscious.:bomb: On the depreciation part- its a car, not an investment. It isn't the only one of its kind. Its not a historical car. Once you put any miles on it after delivery, forget it price chopped. Even jewelry drops in value, then hopefully will rise again. You can't buy a car for the value rising. You have to just put foot to floor and enjoy it. Just my spare change that your mom gave me last night on my way out the door.:eek:

:histeric: On any GM car the depreciation is brutal. I'm a GMS customer so I'm somewhat insulated from the full depriciation. I traded my 2004 with 20,000 miles for a 2005 and got what I owed. I can live with that. I considered trading my 2005 for a 2006 but changed my mind. I'm going to keep this one for awhile. LHS is paid off, Tahoe is under $7,000. I'm looking forward to a Z06 when the Tahoe's paid for.

I wonder if GMAC has similar trade options on a leased car?