Cadillac Scales Back Three-Product Offensive for 2009, Delays CTS ... - Edmunds.com/Inside Line

DETROIT — GM has confirmed for Inside Line that it has delayed the 2009 launch of the Cadillac CTS coupe as "part of a cost-reduction element." The CTS coupe is now on track for a 2010 launch, Cadillac spokesman David Caldwell said.

"We don't have it nailed down at the moment," Caldwell said when asked about the timing of the launch of the CTS coupe. "But it will be 2010. It sparked a lot of interest. We are going to launch this car."

He added: "If it comes out next year, it would be an '11 model."

Last July, Cadillac said it would launch production of three new models in 2009 — the CTS coupe, the CTS sport wagon and the redesigned SRX crossover. The production version of the CTS coupe had been expected to make its public debut in January at the 2009 Detroit Auto Show ; the CTS coupe concept was shown at the 2008 Detroit Auto Show.

Caldwell confirmed that the Cadillac CTS wagon — the automaker's first wagon in the U.S. market — will launch in May, with pricing to be announced in late April. He said the CTS wagon price will be "close to the sedan, but just a little higher." The 2009 Cadillac CTS sedan starts at $37,040, including a $775 destination charge.

How do I go about getting a cadillac cts ?

I was just approved for a 15000 dollar loan but that's not enough for the car I want. I want a used cadillac cts and the ones I'm looking at are going for around 23-24 grand. My question is, is it possible for me to get financed into the remainder amount of the car at a resonable interest rate?


The answer is "no." No bank will allow you to pay 2 loans for one car. You can never finance your down payment. And as far as finding a loan for the 23-24 grand: Believe me (especially with all the bad mortgage/interest rate news going around now) if one bank will cap you off at 15 grand all the others are going to be around the same amount. You won't find one that will give you 11 big ones more (I'm figuring in tag,tax,title and fees). It's all based on debt-to-income ratio, your payment history and your stability (how long you've worked and lived at one place). And all the banks get that info from the same sources. Believe me: they know how much you can afford. And it looks like after viewing that info they feel that you really can't be trusted to make the $400-500/month in a timely fashion to buy that car. They feel more comfortable at $250-300 or so. Now, if your trade-in is worth $11,000 you can have that CTS for the $15k loan.

Why don't you just buy what you can afford? I bet what your driving now is no where near worth 15 grand. So any newer car you get with the loan that you were approved for will be a definite step up. Wait until you've saved more money or have gotten a better job or lowered other expenses before you start purchasing your "dreams."

I know this isn't what you want to hear. Some day you have to face reality.


Should I buy a used Cadillac CTS car or lease a new Acura TL?

I am looking at either buying a used Cadillac CTS with no more than 39k miles on it. The prices are in my range about 16-25k depending on what kind of deal the dealer made originally. I figure a cadi will be reliable and I can get a warranty extended. I would probably put down 4k. But I also am looking at possible leasing one of the new Acura TL, or the Infiniti g37. Does anyone have any good advice?


Buying vs leasing depends on the mileage you put on, the tax breaks you need, and how long you generally keep a car. Consumer Reports offers a reprint of an article about buying vs. leasing--google them and get it.

There's a joker in the deck, too--these days car dealers are drooling to get lease customers--they can figure the payment on deflated depreciation, claim a jiggered resale value, and start with a full retail price--all bad for you. On the other hand, they're dying to sell cars--ANY cars, and this is the time to get the best deals. By the way, the CTS IS a nice car, but how many years old is it to have 39K miles on it? How many per year? Do you get all the maintenance records, and a report from carfax.com as part of your decision-making process? I wouldn't deal with someone who doesn't offer those last two things. Oh yeah, and Consumers Union (Reports) also offers help in buying a used car, and they charge next to nothing.

Thinking about buying a 2003 Cadillac CTS, anyone have anything positive or negative to say about the car?

2003 Cadillac CTS, 44,000 miles. Thanks!


Nice car. Good value in getting some luxury. Since it is probably out of warranty, would recommend getting a extended service plan because luxury car repairs are expensive. If buying from a Caddy dealership, see if it can be certified as a Cadillac Certified Pre-Owned, adds about $1-2k to the price but gets you 6yr/100k bumper to bumper warranty, much cheaper than a service plan.
Value may drop a little now since the 2008 redesigned model is coming out now, that happens to all cars.

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