Is Buying a Pre-Owned Cadillac a Good Idea?
We’ll cut right to the chase: buying a pre-owned Cadillac can be a great decision if you go into the process with realistic expectations. When you buy a pre-owned Cadillac with us, you’re getting a top of the line Cadillac with all the value for your money, quality, safety, performance, and driver assistance features you could want. But we have to admit – as Henderson’s leading Cadillac dealership, we’re a little biased. Just a little. In this article, we’ll try to shed that bias as much as possible to help you make the decision for yourself – does it make sense for you to by a pre-owned Cadillac? Let’s find out.
The Pros of Buying A Pre-Owned Cadillac
There are a number of pros to buying a pre-owned Cadillac car or SUV which include (but are not limited to):
- A great value for your money
- Premium quality materials
- Award winning safety features
- Top notch driver assistance features
- Class leading performance
Let’s dive into each so you can get a better understanding of why a pre-owned Cadillac could be a great buy.
1: Great Value for Money
Let’s face it; new cars lose value fast, especially in the first few years. Buying a pre-owned Cadillac means you can snag one at a significant discount compared to its brand-new counterpart. Take a look at our price comparison chart, and you’ll see that the savings can be substantial. And here’s the kicker – despite the lower price, you still get all the high-quality luxury and advanced technology you crave. It’s like getting a sweet ride with all the bells and whistles at a fraction of the cost.
| Cadillac Model | New Price Range (2023) | Pre-Owned Price Range (2020) | % Markdown Range |
|---|---|---|---|
| XT4 | $37,490 – $41,990 | $25,288 – $32,995 | 32.60% – 21.43% |
| XTS | $47,890 – $73,990 | $7,993 – $35,970 | 83.32% – 51.42% |
| CT5 | $38,195 – $93,390 | $22,500 – $48,005 | 41.03% – 48.53% |
| Escalade | $96,945 – $160,535 | $46,428 – $61,998 | 52.18% – 61.40% |
Based on our sample, you can get a great pre-owned Cadillac at a great price if you go with pre-owned. Despite the lower price, a pre-owned Cadillac still offers the same high-quality luxury features and advanced technology you’re likely craving. This makes them an attractive option if you want a sweet ride with all the latest technology at the best price. And if you choose to opt for a certified pre-owned model you can get the cost savings PLUS the peace of mind that comes with your new Cadillac having been rigorously inspected.
2: Premium Quality Materials
Cadillac is synonymous with luxury and quality for using top-notch materials and solid construction. The good news? This reputation doesn’t fade when it comes to pre-owned models. Independent studies consistently rate Cadillacs as reliable, even when they’ve been around the block a few times. The commitment to quality in both materials and construction means you can count on a Cadillac to stand the test of time.
The meticulous craftsmanship applied to the interiors of Cadillac vehicles extends seamlessly to their exteriors, where premium materials combine to create an aerodynamic design that perfectly blends style and functionality. Cadillac’s choice of equipping its cars with top-notch alloy wheels, known for their lightweight yet robust and long-lasting nature, is a testament to their unwavering commitment to quality. This commitment to excellence is a key reason why our pre-owned Cadillacs consistently earns praise for their exceptional quality and performance.
3: Award-Winning Safety Features
Safety is a big deal for Cadillac, and they’ve got the awards to prove it. Models like the 2020 CT5 and CT6 have earned accolades for their performance and advanced safety tech. The 2020 CT5, in particular, is known for its dynamic driving experience and cutting-edge safety features. The 2020 XT6 even earned the prestigious Top Safety Pick+ title from the Insurance Institute for Highway Safety (IIHS), showing that Cadillac is serious about keeping you safe. When you’re looking for a reliable pre-owned Cadillac, models like the 2020 CT4-V, CT5, and the 2019 XTS and CTS often get the nod. These cars bring luxury, performance, and durability to the table.
4: Top-Notch Driver Assistance Features
Cadillac doesn’t cut corners when it comes to safety. Their Cadillac Smart System is proof of that. It’s a collection of advanced tech features designed to keep you out of harm’s way. Automatic Emergency Braking, Forward Collision Alert, and Front Pedestrian Braking are just some of the highlights. These features are all about making your ride safer. Automatic Emergency Braking steps in if it senses a collision, giving you a last-minute lifeline. Forward Collision Alert warns you about potential front-end crashes. Front Pedestrian Braking takes care of pedestrians in your path. These features show that Cadillac is all about using technology to make your drive safer.
5: Impressive Performance
Performance is in Cadillac’s DNA, and their pre-owned cars are no exception. Whether it’s their high-end models or everyday vehicles, you’ll find that Cadillacs deliver a powerful and thrilling driving experience. Take the Cadillac CT4-V, for example. Its 2.7-liter dual volute turbo I-4 engine pumps out 325 horsepower and 380 lb-ft of torque. That’s some serious power under the hood, and it’s just one example of how Cadillac combines performance and innovation. Their focus on performance isn’t limited to one or two models; it runs across their entire lineup. Powerful engines, advanced suspensions, and responsive transmissions ensure that pre-owned Cadillacs remain competitive in the market. It’s not just about speed; it’s about delivering a refined and exhilarating driving experience.
Cons: Gas Mileage and Depreciation
Of course, no vehicle is perfect, and there are some downsides to owning a pre-owned Cadillac sedan. Two significant cons to consider are gas mileage and depreciation. These factors can affect the long-term cost-effectiveness and value retention of your Cadillac.
1: Gas Mileage
When it comes to gas mileage, some used Cadillac sedans, especially older models, may not be the most fuel-efficient choice. For example, the 2019 Cadillac XTS, a popular model, offers an estimated fuel economy of around 22 mpg in the city and 30 mpg on the highway. While these figures are respectable for a luxury sedan, they may not meet the expectations of those prioritizing fuel efficiency. The 2017 Cadillac CTS, another well-known model, shows similar fuel economy, with an estimated annual fuel cost based on average driving habits. It’s important for potential buyers to consider that the powerful engines in Cadillac sedans, which contribute to their luxurious driving experience, often come at the cost of higher fuel consumption.
2: Depreciation
Depreciation is another important factor to keep in mind, especially depending on how old your pre-owned Cadillac is. Cadillacs, like many luxury vehicles, can experience significant depreciation over time. For instance, a Cadillac CT5 is expected to depreciate by about 32% after five years, with a five-year resale value significantly lower than its original price. This rate of depreciation is consistent across various Cadillac models, including the XT5 and ATS. The depreciation rate indicates that while a used Cadillac sedan might be an attractive purchase due to its lower initial cost compared to a new model, it’s likely to lose a substantial portion of its value over time. This depreciation can be more pronounced compared to some other luxury brands, which might retain their value better.
These factors – gas mileage and depreciation – are crucial considerations for anyone in the market for a used Cadillac sedan. While these vehicles offer luxury and performance, their long-term cost-effectiveness and value retention might not align with every buyer’s expectations.
Best Model Year to Buy a Pre-Owned Cadillac
The best year to buy a pre-owned Cadillac varies depending on the model and individual preferences. However, certain years stand out for their value and reliability. For instance, the 2020 Cadillac CT4-V and CT5 are often recommended for their modern features and reliability. The 2019 Cadillac XTS and CTS are also considered great choices. The 2016 Cadillac CT6 is noted for its innovative features and performance. It’s important to research specific models and years to understand their history and any potential issues.
Good Mileage for a Pre-Owned Cadillac
The acceptable mileage for a pre-owned Cadillac can vary. A general guideline is that a vehicle with 100,000 to 125,000 miles is considered acceptable. However, this can depend on the car’s maintenance history and overall condition. On average, drivers put about 12,000 miles per year on a vehicle. A car with higher mileage might still be a good value if it has been well-maintained.
What to Look for When Buying a Pre-Owned Cadillac
When buying a pre-owned Cadillac, it’s crucial to check the vehicle’s history report for any past accidents or issues. Inspect the car thoroughly, including the interior, exterior, and under the hood. Check for any signs of wear and tear, and ensure all electrical components and features are functioning correctly. It’s also advisable to have the vehicle inspected by a qualified mechanic. Look for models with a complete service history to ensure they have been properly maintained.
Should You Buy A Pre-Owned Cadillac? We Say Yes!
To sum up, our exploration of purchasing a used Cadillac sedan has revealed a multitude of compelling advantages. The key findings demonstrate that pre-owned Cadillacs offer exceptional value for money, boasting substantial markdowns from their new counterparts while retaining high-quality materials and construction. The brand’s commitment to safety is evident through award-winning safety features and class-leading driver assistance systems. Furthermore, Cadillac’s enduring legacy of impressive performance continues in its pre-owned models.
However, we must also acknowledge the cons, such as gas mileage and depreciation, which may impact the long-term cost-effectiveness of these vehicles. Nevertheless, by carefully considering these factors and conducting thorough research, buyers can make informed decisions that align with their preferences and priorities.
In essence, a pre-owned Cadillac sedan is not merely a mode of transportation; it is a gateway to a world of luxury, performance, and sophistication, all at a value that makes it an enticing proposition for discerning buyers.
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