: what's my V worth?



sharky1
12-06-06, 09:05 PM
a 2005 Raven black with 6k miles...no rashes anywhere...Stealth, uuc, Lingenfelter, sound proofed and Kappa speakers...located in Medford, Oregon..Thx...

Art138
12-06-06, 09:15 PM
I have an 05 (same color) with 6,500 miles,FG2,Corsa and other goodies. They will only bring around 36,000 in S. Florida. Probably 1 thous less early next year. I believe if you benchmark it, that's close to other prevailing prices around the Country.

CIWS
12-06-06, 09:53 PM
www.kbb.com

chipenstein
12-06-06, 10:03 PM
KBB's unrealistic - Sharkey's right on the money. There's a couple dealers selling 2005 GM exec cars with less than 10k miles and full warranty for less than $34k.

Depressing, huh?

CIWS
12-06-06, 10:04 PM
kbb is actually very close, it just depends upon the car and how it's being sold. A 2005 model is considered a two year old car, despite any odometer mileage.

chipenstein
12-06-06, 10:14 PM
KBB shows $40k for a private party transaction. I've been scouring the country the past couple of weeks and have a decent handle on car prices - that's very optimistic.

CIWS
12-06-06, 10:25 PM
Most private party sellers are optimistic, unless they're trying to get rid of it vs selling it. :)

chipenstein
12-06-06, 10:33 PM
:yeah:

BLACK_CTSV
12-06-06, 10:56 PM
a 2005 Raven black with 6k miles...no rashes anywhere...Stealth, uuc, Lingenfelter, sound proofed and Kappa speakers...located in Medford, Oregon..Thx...

I would say $35-37k in this part of the country. Especially considering what they're going for at dealers' lots.

Albertan
12-07-06, 12:41 AM
Speaking as a person who just bought a V, I was looking at a 2005 with 16K miles for $33.7 with a 100,000 warrenty private sale. I was prepared to pay about $35 for the right car. I did want to buy through a dealer since I'm from out of counrty and not sure of how to make sure there are no liens. (Didn't want the knock on my door in 6 months from some finance company that I now owe money due to a lien I didn't uncover) Wish you had been selling it awhile ago,
I'd have been able to visit my daughter in Portland on my way back.
Bruce

rand49er
12-07-06, 07:06 AM
Speaking as a person who just bought a V, I was looking at a 2005 with 16K miles for $33.7 with a 100,000 warrenty private sale. I was prepared to pay about $35 for the right car. I did want to buy through a dealer since I'm from out of counrty and not sure of how to make sure there are no liens. (Didn't want the knock on my door in 6 months from some finance company that I now owe money due to a lien I didn't uncover) Wish you had been selling it awhile ago,
I'd have been able to visit my daughter in Portland on my way back.
BruceBruce, liens are printed clearly on the title here in the States ... you'd have been okay. (I'm sure you did well even though.)

svassh
12-07-06, 10:16 AM
2 Things to consider with these vehicles and their retention value:

1. They are viewed rightly so as performance vehicles but inferior to Euro performance vehicles such as Mercedes and BMW. For some reasons fairly for others not so much. With a manual only option and viewed as any miles being driven hard, their value will continue to fall.

2. With new body styles and likely new engine version of the V arriving in 2008 or 2009. Naturally the 04-07 versions will be seen as dated. If the 08/09 version comes with 500HP as expected it will be worse than normal. This is a normal process for any car though, the C5 Vette prices dwindled as the C6 was released.

Bottom line 99.9% of all vehicles made are a POOR investment. Drive what you love and drive it the way you love to drive.

Silver Dollar
12-07-06, 10:31 AM
Bottom line 99.9% of all vehicles made are a POOR investment. Drive what you love and drive it the way you love to drive.


That's exactly right. It applies to MB and BMW as well. All cars suck as an investment, even collector cars.

Dollar cost averaging into a mutual fund is a better investment, but not nearly as much fun :)

trukk
12-07-06, 01:54 PM
I think edmunds is usually more accurate ion the real world than KBB.

I looked up a listing for '05 with 6k miles + moonroof, immaculate condition, for Medford:


2005 Cadillac CTS-V 4dr Sedan (5.7L 8cyl 6M)
Trade-In Private Party Dealer Retail
National Base Price $29,766 $32,069 $33,954
Optional Equipment $532 $575 $678
Power Moonroof $532 $575 $678
Color Adjustment
Black $39 $42 $45
Regional Adjustment
for Zip Code 97501 $63 $68 $72
Mileage Adjustment
6,000 miles $945 $945 $945
Condition Adjustment
Outstanding $1,039 $1,063 $1,153
Total $32,384 $34,762 $36,847

http://www.edmunds.com/used/2005/cadillac/ctsv/100380706/options.html


-Chris

ctsvflorida
12-07-06, 02:27 PM
A guy just posted looking for one. See if he'll buy it! The prices are dropping drastically...fast! I have planned to just keep mine till 100k miles! KBB pricing is way off so, I don't know how some say it accurate!

ctsvflorida
12-07-06, 02:42 PM
Reality from the pricing post is that dealers have been offering in the mid $20's range for '04's with low miles (10k)! I mean 25ish not hi mid 20's! Market is the only true gauge! So, the car used as the example is more like hi $20's for trade in value.

More reality: Superior has an '06 for $35k with 10k miles.

What I do like about the idea of the '08 having 500 hp is that I will have close to 600hp by then (prolly will stop at 575hp at motor) and be runnin all the new guys. That's when it gets fun! Devilish laughing going on as I write!

CIWS
12-07-06, 02:47 PM
Look up in the classifieds here. 05 w/ 16.5K miles and a few mods for 40K.

Again it's a difference between someone selling their car and someone trying to get rid of their car.

ctsvflorida
12-07-06, 03:04 PM
Look up in the classifieds here. 05 w/ 16.5K miles and a few mods for 40K.

Again it's a difference between someone selling their car and someone trying to get rid of their car.

Asking and selling are two different animals! Look in 2 months and it will still be there but 'asking' will be $36k or less!

CIWS
12-07-06, 03:30 PM
Yeah and anything is only worth what someone else is willing to pay for it.

ctsvflorida
12-07-06, 04:22 PM
Yeah and anything is only worth what someone else is willing to pay for it.

We can do this all day! Git er dun! LMAO

tx_metabaron
12-07-06, 04:31 PM
Ebay is also a good source of true market value in my opinion.
you can search for CTS-V,click on the left hand side the "completed listings" box to see which cars sold and for how much.
This is usually on the low side compared to other listings(kbb,edmunds etc),yet reflects real wolrd transactions.(that's where I just got mine :bouncy: )

Just my .02