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Please join in with some input to justify not purchasing the cts-v.
I love that saying!Other than price, i see little reason not to check it out... From all i have read, it is an awesome machine. The downside to that is, it may get the GTR "shock and awe" effect, and the cost may go wacko.
Oh, and it is still a GM product, which by and large have been solid, but not on par with Lexus/Toyota IMO.
Why not have both? One of my elderly patients once told me:
"kid, this life ain't a dress rehearsal"
I do try to keep that in mind when justifying my hobbies..
Jeremiah
Agreed... Check out a used 2007 Cadillac CTS-V on autotrade or any car sales website and take a look at the resale value plus the saturation in the market place... 12,000+ listings on auto trader of CTS's in general and if you look up the IS 250, 350, and F series they only total about 4,000+ (2006-2009)... Also just found this info on KBB for a '07 CTS-VAs long as money is no object then go for it. Not so much the purchase price as the certainty it will be worth 25% of what you paid in 2, maybe 3 years. Cadillac is notorious for piss-poor resale value.
Also just found this info on KBB for a '07 CTS-V
Kelley Blue Book Price $31,000 - $31,700
Trade-in value (10,000 miles) Excellent Condition $29,500
Original Retail Price (MSRP) $51,425
So thats right around a 40% devaluation in a matter of 1 year of use!
No that was the MSRP price of the '07 CTS-V and the current KBB price after one year of use... My buddy was going to buy an '05 CTS-V for 25k last year and another one of my buddy's bought a '07 STS-V which costed him about $62k at the time, he hooked it up to get up to 550+ hp and is only getting $35k for trade-in value on a CLS 65 AMG! By the way what makes the new CTS-V is that it was completely revamped so it's almost a completely different car from its predecessors (engine, interior, exterior)I think you're looking at the CTS, not the CTS-V. The V I think is new for 2009 and base MSRP is $61,000. Still, your depreciation figures are accurate and one could expect this $61,000 purchase to drop to about $35,000 after only one year of ownership.