Is £16,500 a fair price for a 'brand new' Cadillac CTS?
I have been offered a 'brand new' Cadillac CTS 3.6 for £16,500. The car appears to be brand new, unmarked, with some transit packaging still in place, with 120 miles on the clock and a new battery. On checking the VIN with Cadillac it was built in April 2006 and is a pre facelift car. Would you consider the price fair and is it worth taking a chance, or should I buy a later car (say 2007/8) for under £10k? I do know a little about Cadillacs as I have been driving a 2000 Seville STS for the past 9 years. Your advice would be appreciated.
Asked on 29 June 2010 by Nigell
Answered by
David Ross
That seems a fairly decent price to us if it only has 120 miles on, and you're certainly getting plenty of car for your money. Cadillacs depreciate heavily though, so you'll need to take this into account, but if it's coming to you 'as new' as it were, that seems an okay deal. Make sure the car is in good condition though, as although it's only done a few miles it is more than four years old.
Tags:
depreciation
car values
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