[Chuck C]

Hello Eldo/Seville owners!

A few of you might remember that I owned a 94 Eldo. She was my baby. When she died, I drove mom's car for several months. In June 2005, I signed a lease on a CTS. Although I love the car, the payments are killing me, and it just doesn't feel the same. Sure it's stylish and handles better, but it's no Eldo. If I can get out of my lease, I may look into used 2001 or 2002 eldorado ETCs including the Commerative Edition. If I can get a lease on a preowned ETC w/ under 25k mi, I think I could save about $200-$250/mo. What do you guys think?

 

[EcSTSatic]

Personally I think leasing is a bad deal unless you own a business. Then it's easier to bookkeep the payments as an expense instead of depreciating and so on.
Then you are limited to the mileage you can use during the lease. The payments may be a little lower than buying but what have you got in the end? Nothing. I hope you have a good reason for leasing.
Terminating the lease early will cost you too probably. In the long run, it's better to buy something that you can afford rather than overextending yourself with contractual monthly payments and reducing your overall cash flow. That way you remain more "liquid" since you can always sell.
We certainly are a "payment" focused society.

 

[Kev]

The first thing you have to do is see if you can get out of your current lease without getting dinged too bad.
Personally, I don't think leases are a good idea unless they are for business and can be completely written off taxes. For personal use my opinion is that you are better off finding a nice clean used car that you can either pay cash for out right or finance at a reasonable rate. You are less encumbered by that. You have more options in the future and you can do what ever you like to the car because it belongs to you.

With a lease you are merely borowing the car for a few years and paying quite handsomely to do so I might add.

 

[Chuck C]

The first thing you have to do is see if you can get out of your current lease without getting dinged too bad.

I am working with a few people on this issue as we speak.

My original rationale for leasing was twofold: not worrying about long-term maintenance and getting a new style by lease end. Thus, I prefer to rotate cars every 2-4 years. When I signed the lease, I was thinking more with the "want" side of my brain much more than with the "need" side, and now I'm paying for it!

 

[eagleworks4u]

Sorry once you turn your back on Eldo ownership you cant come back and if you do you have to pay an entrance fee.. HA HA Good luck!!!!

 

[mccombie_5]

Sorry once you turn your back on Eldo ownership you cant come back and if you do you have to pay an entrance fee.. HA HA Good luck!!!!

LOL

Yeah, sure you can come back to the Eldo








$300,000

 

[addison_ii]

LOL

Yeah, sure you can come back to the Eldo








$300,000

OMG you guys are wrong. Chuck C you can regain entry to the Seville/Eldorado club by sacrificing a worthy animal to the Cadillac Godz. Animals include Bulls, turtledoves, deer, but all must be the best animals of the field. :histeric: j/k I hope all goes well with the lease termination.

 

[rfishing]

Jesus paid the price for all of us, no more sacrifices are necessary.

 

[addison_ii]

Jesus paid the price for all of us, no more sacrifices are necessary.

Well since you put it that way, then we have a negative balance.

 

[eagleworks4u]

Not to sound sacrilgious or anything aren't Eldo owners Gods HAHA!!:hmm: Do I hear any AMENS!!!!

 

[91TexasSeville]

Hello Eldo/Seville owners!

A few of you might remember that I owned a 94 Eldo. She was my baby. When she died, I drove mom's car for several months. In June 2005, I signed a lease on a CTS. Although I love the car, the payments are killing me, and it just doesn't feel the same. Sure it's stylish and handles better, but it's no Eldo. If I can get out of my lease, I may look into used 2001 or 2002 eldorado ETCs including the Commerative Edition. If I can get a lease on a preowned ETC w/ under 25k mi, I think I could save about $200-$250/mo. What do you guys think?

You are always welcome in the Eldorado/Seville forum no matter what car you own, your membership is forever good!

Now, cutting to the brass, a CTS is not an Eldorado or Seville. A CTS is a Cadillac, but that is where the similarities end.

If you would like, I will email you a picture of my Eldorado that you can shrink and use as your avatar. LOL!

 

[CadillacSTS42005]

ELDORAO its self defined named for the ULTIMATE CITY OF LUXURY THE ULTIMATE LUXURY AUTOMOBILE HANDS DOWN!!!

 

[mccombie_5]

How ironic i posted on this thread earlier

Yesterday whilst i had my dogs at the beach, i was approached and asked if i was willing to sell the Eldorado.

He has offered me £3600

I paid £1700, so i am accepting his offer, but i will be replacing it with a UK RHD STS later this or next year. And i already have a Seville, so i get to stay

 

[Chuck C]

HAAAA!! you guys kill me. I knew there was a reason I wanted back in.

 

[ShadowLvr400]

You lease and could SAVE 200-295 a month?!?!?! I was paying just a little more than that to OWN my Eldo... Bought a 97 Eldo in 2001 with 54k on the clock. It ran well.. till those trees... As for handling, with my work that big Eldo hung on where a lot of vehicles couldn't, so no complaints there. Go buy a used Eldo, and set aside all the cash you'll save for repairs and mods.

 

[cruzajc1]

I will never turn my back on my 96 STS so I can't forgive you for turning yours on an Eldo! Just kiding, I hope you get the one your looking for.

 

[NYCadillac]

I love my Eldo but always thought if something ( God Forbid!!!) happened to her, I would save up and get a CTS. Chuck.. out of curiousity, what do you find lacks in the CTS that you miss from you Eldorado? I've never driven a CTS so i'm curious. Thanks.

 

[Chuck C]

I love my Eldo but always thought if something ( God Forbid!!!) happened to her, I would save up and get a CTS. Chuck.. out of curiousity, what do you find lacks in the CTS that you miss from you Eldorado? I've never driven a CTS so i'm curious. Thanks.

That's a great question! Comparing the two is like apples and oranges. The CTS is a next generation European car hunter with taught steering and superb handling. It has aggressive looks and sporty accomodations. The Eldo was a dreamy ride with plenty of room, comfort, and power. I was excited to lease my CTS because of some familiarity and similarities to my Eldo...it has the same stalks for cruise and the wipers, twilight sentinel, oil life monitor, plenty of power, and of course Cadillac heritage. I even got White Diamond just like my last Caddy. Besides lacking two cylinders and having two doors too many, I think the CTS lacks that sentimental, warm presense that made me and all of us love the Eldorado so much. In other words, it's a mental thing.

 

[peteski]

If you want sucky handling but a cushy ride, get a 79-85 Eldo! It is awesome (especially with white leather interior)! And you can spin the steering wheel with your index finger!
No road feel whatsoever! The darn thing floats above potholes!

And this is only going back to the 80s. I'm sure that older Eldos had even cushier ride.

I am also hooked on Eldorados. Their styling is unique.

Peteski