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2003 Cadillac CTS
Invoice: $27,750 - $27,750
Miles Per Gallon
City: 18 MPG
Highway: 25 MPG
Body Style: Sedan
Engines: 3.2L V-6 220 HP
Cadillac has broken a lot of new ground with its all-new CTS. It drives like a European luxury sports sedan and, like Mercedes-Benz and BMW, this new Cadillac uses rear-wheel drive instead of front-wheel drive. It is designed to appeal to younger buyers who want European performance in an American luxury product. The smallest of Cadillac's sedans, the CTS replaces the European-built Cadillac Catera, two generations of which failed to capture the imagination of the American buying public. The CTS is built in America, but its power, handling, luxury, and electronics put it in direct competition with sedans from around the world: the Mercedes-Benz C-Class, the BMW 3 Series, the Audi A4, the Lexus ES 300, and the Lincoln LS. Cadillac engineers used a BMW 5 Series (the previous 528i) as a performance benchmark. This is the first car to be built on GM's all-new Sigma rear-wheel-drive platform. The CTS will be built in GM's first brand-new factory in years, in Lansing, Michigan.
Purchasing an older vehicle, such as the 2003 Cadillac CTS, makes good financial sense. You're able to avoid the steep depreciation rates that occur with brand new vehicles. This essentially gives you the advantage of getting a 2003 Cadillac CTS for less money than when it was new. If the 2003 Cadillac CTS was properly maintained, you also have a good chance of steering clear of problems that would have developed when the car was new.
The amount you pay for an older car depends on various factors. One important element is where you buy the vehicle. You're likely to get a better deal if you buy it from a private party, as opposed to a dealer. On the other hand, a reputable dealer will normally have some kind of limited warranty, so you can drive away knowing that if the car breaks down right away, you'll be covered. Another factor that may affect price on a 2003 Cadillac CTS is whether it's "certified" by the manufacturer. A certified vehicle will cost more because warranty service is provided that normally doesn't come with a used car.
Another dynamic that will play into the purchase price is the resale value. A used vehicle with a high resale value will obviously cost you more. It is expected that the 2003 Cadillac CTS will have a good resale value. This assumes that the 2003 Cadillac CTS is in good condition and has a reasonable number of miles.
Find a used 2003 Cadillac CTS for sale at CarsDirect.
