Why do Cadillac have such a poor resale?
02-18-2005, 08:42 PM
#11
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The average age of Cadillac owners is statistically higher than any other brand. Combine that with a Caddy owners love of red meat, cigarettes and alcohol and, well, more Cadillacs end up being willed to relatives than any other car. And when someone wills you something you don't want you're happy to give it away for a good price.
Hence the low resale value for Caddys.
Hence the low resale value for Caddys.
02-19-2005, 03:58 AM
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Originally Posted by Slithr' date='Feb 18 2005, 01:44 PM
I guess the same could be said for German cars.
02-19-2005, 05:33 PM
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Originally Posted by Fast Shadow' date='Feb 18 2005, 01:04 PM
It's just a common thing with luxury cars. Lexus suffers from it as well, though it's not as pronounced. So do Jag and Mercedes.
A great example of Caddy depreciation is the CTS-V. MSRP on a V is about $52,000 and you can get one for around $47,000 with GMS pricing. There are several 5,000 mile V's out there in the upper to mid 30k range. That is a nasty depreciation hit.
A great example of Caddy depreciation is the CTS-V. MSRP on a V is about $52,000 and you can get one for around $47,000 with GMS pricing. There are several 5,000 mile V's out there in the upper to mid 30k range. That is a nasty depreciation hit.
02-19-2005, 06:12 PM
#14
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Not sure it so different than BMW's. At least a couple of years ago you could get used 5-series for a similar fraction of new price.
I think it has more to do with the type of buyers for those cars. Only want the latest.
I think it has more to do with the type of buyers for those cars. Only want the latest.
02-20-2005, 08:24 PM
#16
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Originally Posted by Palmateer' date='Feb 18 2005, 01:41 PM
Due to excessive labor costs, GM cars are not a good bargain.
why do you think they are starting to make more cars outside north america. The unions are shooting the hand that feeds them. This is partly the big3's fault as they have histories of treating the workers badly.
meanwhile, more "imports" are now built in America. surprisingly, even with somewhat higher labor costs, the costs of transport and such are reduced, so it becomes doable. The japanese and european companies pay their employees comparatively well and treat them better than the big3 have. also, the states they are in are "right to work" which means no agency fee bullshit.
IMO, american manufacturing is strong except in those states with hostile labor laws (MICHIGAN!)
02-21-2005, 03:48 AM
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Originally Posted by no_really' date='Feb 21 2005, 12:35 AM
please share your first-hand ownership experiences with Cadillacs. Oh, wait - you have none! Does your ass shrink when you pull stuff like this out of it?
02-21-2005, 05:34 AM
#20
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I didn't realize Caddy had a poor reliability. I thought since they were the tops of GM, reliability would've been better. I'll look for the certified used ones w/ extended warranty if I were to get one.
Thanks for all the info.
LT
Thanks for all the info.
LT