For a while now I've been racking my brain in regards to purchasing a V2 or V3 sedan. After looking at the prices of both I'm considering a V3. My question to all the V3 owners out there especially with the 2019 already out in the wild and who knows what the 2020 version of CTS-V will look like even if Cadillac release one or not. Do you all think that the prices of the 2016 CTS-V's will drop dramatically in price in 2020?
2016 CTS-V Prices
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The CTS model dies and becomes the CT5 in 2020. The CT5-V performance version (V4) arrives 2021. If prices are going to drop, it won’t be for at least another year, and the depth of that decline will be predicated on what the CT5-V actually IS in relation to its predecessors (i.e. battery powered, AWD, twin-turbo 6 or 8, etc).
Also, if you’re looking at equally priced V2 and V3 sedans with similar low mileage, watch out for V3 track-cars. Dealers buy up the Caddy Racing School cars from Spring Mountain, but they fail to mention in the advertising that the cars have had their Factory GM 5yr/60kmi powertrain warranties rescinded as a result.
Also, if you’re looking at equally priced V2 and V3 sedans with similar low mileage, watch out for V3 track-cars. Dealers buy up the Caddy Racing School cars from Spring Mountain, but they fail to mention in the advertising that the cars have had their Factory GM 5yr/60kmi powertrain warranties rescinded as a result.
V-LAB cars can have an extended warranty added onto them. There's a good thread here on how to do so. I personally have verified this works. VLAB cars are very clean (all of them I've run across), but they have been track ran, albeit at pretty tame speed for track cars. The Warranty is a 72 month, 100K $100 deductible Cadillac extended and runs around $3K or so. Worth it. VLAB cars should sell for about $8K or so less than a non VLAB car.
Other than that, a 2016 will hold it's value well when down around 50% depreciation. We've seen this with the Gen 2 cars. American muscle has a high loyalty factor, especially GM. AMG/ Audi S/ BMW M-series all struggle to maintain value retention and continue their downward trend even after 50% value loss. They're atrocious cars when worrying about retained value. There are a few standouts (CLK 63 Black series), but they're few and far between. A CTS-V is a known quantity.
ProTip: with the news of the CT5 performance model being less than the Gen 3 CTS-V, that will help prop the value of the Gen 3.
Other than that, a 2016 will hold it's value well when down around 50% depreciation. We've seen this with the Gen 2 cars. American muscle has a high loyalty factor, especially GM. AMG/ Audi S/ BMW M-series all struggle to maintain value retention and continue their downward trend even after 50% value loss. They're atrocious cars when worrying about retained value. There are a few standouts (CLK 63 Black series), but they're few and far between. A CTS-V is a known quantity.
ProTip: with the news of the CT5 performance model being less than the Gen 3 CTS-V, that will help prop the value of the Gen 3.
Incorrect: Even the original 5yr powertrain warranty is rescinded. Any warranty added is not Cadillac but a BS aftermarket one by the dealer. These cars have all been looked up before by GM people on this very forum by VIN#. Look up any ONE of the multitude of threads.
Thanks everyone for the helpful input and wealth of info on this topic. I'm looking for a 2016 v3 hopefully I can find a very nice used one that's well kept with the carbon fiber pack and decent mileage with the black stock wheels for a fair price. Once again thanks everyone for the responses!
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