kevm14 wrote:
Also I screwed up my search. These 4 are within 75 miles. There are 46 CTS-Vs nation wide. On the cheap side:
2004 w/ 157k for $12k
2006 w/ 133k for $13.5k
2005 w/ 154k for $10.5k !!!!
Ok so they're still getting cheaper, but maybe as a function of becoming more common with higher miles. The lower mile ones (~40k) are still in the mid-$20k range (down maybe from low $30k).
Price check. 5 within 75 miles (up from 4 back in March). 80 CTS-V1s nation wide. Which is up by quite a bit.
The cheapest ones currently:
- Black 2004 w/ 117k for $11,700, private
- Silver 2005 w/ 136k for $11,995, dealer
- Silver 2005 w/ 151k for $10,900, dealer
- Black 2004 w/ 171k for $10,891, dealer
- Silver 2004 w/ 141k for $11,995, dealer
So $11k-$12k is still the floor. Under that and you get wrecks.
The 5 within 75 miles are:
- Black 2004 w/ 64,600 miles for $19,999. Same dealer I test drove an 07. Has somewhat frosted headlights and somewhat peeling nav buttons/knobs.
- Black 2005 w/ 62,000 miles for $16,900, private sale. Modded. Magnuson supercharger!!! 20,000 miles on new engine/trans. 481 rwhp on this one. Jesus, this one's a must test drive for anyone in the market right now! Not that anyone reads my forum. Shit maybe I should trade to this, haha.
- Red 2005 w/ 55,000 miles for $18,700, private sale. Seems pretty clean.
- Black 2005 w/ 55,400 miles for $19,788, dealer. Seems pretty clean.
- Black 2006 w/ 66,700 miles for $18,900, dealer. No pics. Writeup pitches the nav as simple to use. I guess it's fairly simple...
Conclusion: nothing with lots of miles. In fact these are all VERY tightly packed around the 60k range, which is maybe a coincidence.
For only $38,900 you could have this:
http://www.autotrader.com/cars-for-sale ... 7770&Log=0
LS7 with TVS-2300 (LS9 blower) and 1000hp. CTS-V2 rear end. NOS. Wow.
Prices of cars with around the same mileage as mine (110-120k, from nation wide search):
- Black 2005 w/ 112,700 miles for $14,499, dealer (Los Angeles)
- Black 2005 w/ 114,368 miles for $16,988, dealer (MO)
- Red 2005 w/ 118,433 miles for $15,375, Cadillac dealer (PA)
- Red 2005 w/ 119,116 miles for $15,992 [reduced], Honda dealer (TN)
- Black 2004 w/ 117,000 miles for $11,700, private (just married in AL). This one's all blacked out, which is something.
Conclusion now? My car may still be worth around what I paid. Maybe a tad under since those are dealer prices.
Here's one to chew on for the mileage worrywarts: buy car X with 30,000 miles. Buy car Y with 100,000 miles. Each year you add 12k of driving. Depreciation is much less per year on the car with 100k, particularly as a percentage of its value. Still, I think it probably was the right decision not to put a million miles on my car. This isn't really a drive it into the ground kind of car. I've never had a car with resale (particularly after driving for 4 years) so I don't know how to work this.