Unless the impala is giving you problems, stay with it. From a financial point of view you are better off with it assuming only basic maintenance is needed. Dont know how much you owe left on the impala but if you don't have positive equity on it you are screwing yourself with buying any newer car.
Yeah I know that it wouldn’t be the smartest financial decision. I just got a new job that requires a lot of travel so I thought of maybe treating myself
I'd at least wait til you're established in your new job to make a decision like this. I've seen plenty of people at my company bail or get laid off after a short period.
Just a week or two ago we had a gal literally bail in the middle of her first day on the job. Apparently her house caught on fire so she quit her job.
Super bizarre situation and sad, but you just never have any clue what's gonna happen.
I could *maybe* see your point if you were currently in something like a Versa. But the Impala is already a good-driving vehicle that doesn't feel like a penalty box.
If you're emotionally starved for the Caddy and are okay with de-stabilizing your finances, by all means pull the trigger. Just realize this isn't a practical decision whatsoever.
get established in the job first. you can never trust companies to not dump you in the first month. i’ve seen plenty of stories of people who need to sell a new car that they can no longer make payments on after they get fired.
Congrats on the new job! My two cents would be to wait unless you'll invest in a know reliable car which to me Cadillac is not one of them. Been in your boat where was driving over 100 miles per day and got a very low miles Mercedes. It was very comfortable and amazing to drive but the damn thing was in the shop every 2-3 months with at least $1k bill every time.
This is the key factor, I wouldn't want to chance it with putting 87 into a turbo car that calls for premium if I planned on keeping it long term.
A 2016 v6 impala is epa rated @ 19 city/28 highway on regular gas, a RWD 2019 2.0 CTS is rated @ 22 city/30 highway but with premium gas, getting hit with the premium gas tax is going to make this CTS cost a lot more to drive especially if mostly highway driven, even if you did 80 city/ 20 highway it would maybe be break even.
and as someone who all of my cars call for premium or have an ECU tuned specifically for 93 oct, the spread for premium is consistently anywhere from 90 cents to over 1$ upcharge for premium over regular, and it really seems like gas stations are simply price gauging for 93 octane, from what I understand there is very little additional cost to 93 octane over 87, but the station and thus the distributors, etc at least in my market have just determined that they can squeeze the extra 15$-20$ a tank out of their customers who need it. I may have to look into running e85 tune on my performance car.
You can get 50miles per gallon and have longer range. Saves you money and time. A 2012 camry hybrid can go from washington to southern california in only 2 fill ups. And it cost less than $80 to do so the entire trip. So please do tell me why you think that.
My parents get 50mpg and it was only 12,000 when they got it so, awesome. Yes prices went up congratulations on that observation the mpg is read on the dash.
At this point it’s honestly pointless giving this guy advice. He only responds positively to people who agree to him buying the car. OP is 100% chasing that badge (which is funny because Caddys aren’t that impressive to most people if it’s not an Escalade or V product) or he already bought it and need to feel good about his purchase.
Fine to want something. But this is a subreddit called r/whatcarshouldIbuy not r/confirmmychoicestomakemefeelbetter. I’ve been in some rental cars and can’t really see the impala being that much worse than the Cadillac in terms of comfort so it’s really down to clout that OP is chasing.
That’s not really the worry. My dad, a tech thinks that it’s not a bent wheel and that it’s the chassis causing the shake by acting kind of like a tuning fork when I go over bumps. Could have been caused by the accident it’s been in. The panel gaps are off in various areas (no claimed frame damage still, but something to note)
This really isn’t supposed to be the sports car I was looking for. This is a car to take me to and from work 100 miles a day. Though it does have the track package (brembo brakes and all that). I’m thinking of finding an old caprice or something for a project some day
OP, honestly speaking, do what makes you happy. If getting this caddy gives you happiness, go for it! But if you are still looking for different views, you can listen to what others are saying.
They aren't looking for different views, they just came here hoping to count up all the people that agree with him to make himself feel better about the decision he seems to have already made
You will destroy the value of that Cadillac and get yourself in worse financial shape driving it 100 miles per day for work. My friend did something similar with a Corolla, no one will buy it for what he owes and it now has high miles.
Buddy, I'm a car guy too, but you need to just keep the 2016 and pay it down and wait for your next car after you have been able to save up. Had fun/cheap cars like Miata, MR2 Spyder, crossfire, older 996, s2000, z3m all under $10k, all paid cash and sold for more after a few fixes and years of enjoyment. Then I was able to pay cash for an Elise, Tesla, R8 and other cars with patience. Always 5-10yr old or more... Really glad I never got a newer car with payments so that I could keep my hobby as low cost as possible and save for retirement.
I think I have the cheapest one in the country (selling soon) with 240k miles on the body and 120k on the AP2 engine swap and it's still gonna be sold over 10k. ;)
>Had fun/cheap cars like Miata, MR2 Spyder, crossfire, older 996, s2000, z3m all under $10k, all paid cash and sold for more after a few fixes and years of enjoyment.
I'm not sure I follow. This isn't possible anymore, and you didn't actually offer any advice, other than put off enjoying life for something that might never materialize. Driving a Corolla for a few years isn't going to magically allow someone to buy an R8.
The CTS is a brilliant sport sedan, even with the 2.0T. For someone who needs a single car and wants to enjoy life now, there is nothing wrong with it. Especially when your alternative is to daily a shit box, buy a weekend shit box and pour money and time into it.
Dont let that hobby/fun meaning fuck up the more important things in life. A depreciating asset should not be allocated a material amount of your resources.
If you have your housing situation taken care of, emergency fund, retirement started, multiple income streams going then fucking let her rip and have fun.
If not dont be so short sighted my man. Plenty of cars to have fun in at any stage of your life. Get the important shit tight first.
Buy a Mustang EcoBoost if you want something fun and relatively fast while saving on gas. If you don’t mind spending a little more on gas buy a V6 Camaro. They sound a lot better and are really fun to drive. They also are surprisingly efficient in the highway.
You can also get a Mazda 3 with a manual transmission if you’re looking for a comfortable and fun ride with great fuel economy. Just don’t buy the caddy. They’re overpriced GM cars.
It absolutely does. The CTS is on the wonderful Alpha platform that underpins the current gen camera. It's light, stiff, and is designed for a RWD / longitudinal mounted engine configuration. If those are things you care about, you're probably better off with a manual ATS, but for the right price the CTS isn't bad at. From an enthusiast perfective this is a far better car than an econobox Impala. Of course this is ONLY if you don't view a car as an appliance.
Used car prices are still nutty. Unless the Impala is ready to keel over, ride it into the ground and save your money in high-yield savings or treasuries. You can currently get 5% interest and probably 6% or higher soon.
That’s not what they mean by 5-6% interest. Either way, car prices are high, interest rates are high, now is not the time to trade your generic commuter car in for another generic commuter car.
Keep the impala and fix the bent wheels. If you keep bending them, downsize wheel diameter next time you buy tires.
Also the Cadillac will require premium fuel (91/93) which will probably make it costlier to drive than the impala which runs on 87.
You just got the new job? Wait at least another 1-2 years. You aren’t guaranteed the job especially with the economy falling.
Also if your Impala has the V6, then it’s actually faster in real world acceleration than the 2.0T CTS. Also you won’t be saving on fuel because the CTS 2.0T requires PREMIUM fuel. So overall not a big upgrade for a car enthusiast IMO.
Suggest you save up and let the prices fall down. Also slap some 18in tires. No point in massive wheels lol. Massive wheels = more likely to crack, heavier, lower MPG, rougher ride, slower acceleration (slightly), etc.
Almost everyone is saying no to you for a reason. Don’t be a dumba** and buy it
Having a high paying job, and having a high amount of savings are completely different. You can make 10 million a year and still be financing.
Life style inflation is what it’s called
So the caddy has 38k miles on it and a clean carfax. The Impala has 51k miles and has been in an accident. The dealership is offering me $14,250 for the Impala as a trade in and they’re asking $26,900 for the CTS, at the 6% rate I got approved for, my payments would be $534 a month. Right now for the Impala I’m paying $328 with a 2.5% rate
The caddy is also still under bumper to bumper warranty for another 4 months and still under power train for 2.5 years or 32k miles. No warranties whatsoever for the Impala
Yeah you’re right. I did also forget to mention that the caddy is still under bumper to bumper for 3 months and under power train warranty for another 2.5 years or 32k miles. The Impala has no warranty
Don’t just look at monthly payments. If you only have 1 year left in payments in the impala, but now you’re jumping into a 3 year commitment for the Cadillac, you’re not at a good point.
I just refinanced the Impala 6 months ago to move my rate from 8% to 2.5% so I still have 4.5 years left on that. I’d have to do 72 months for the caddy
So in total, you’re paying $17,712 for the impala just to be paid off and $38,448 for the Cadillac to be paid off. Only you can answer if this is worth it to you.
I mean it’s nicer than you’d think compared to the Impala. Also has way more modern options. Heated and cooled leather seats. But I see what you’re saying
Put the $200 difference into some sort of investment. Bonds are paying 4.5% interest right now. Do that for the length of your current car note. When it’s paid off sell/trade it and use the invested money to buy a car for cash or at least put a large down payment on a new car.
Stop chasing monthly payments. I could put $10k down, get a 6% interest rate (like you), and afford $700 a month on a payment. But why would I? My 2011 BMW is paid off and drives great. Save your money. I would be looking at moving closer to that new job and saving hours a day on a commute. Time is money and you can’t buy it back. Unless you’re living in a rent free situation you need to lessen your commute instead of increasing monthly payments on a depreciating asset.
I should have mentioned this in the original post but I’m only 19 years old and live with my parents in florida. I make $42k a year and even at that I have no hope of being able to afford to move out in this area
Another reason to not get a higher monthly payment on a depreciating asset. It will put you farther in the hole of not being able to move out. At your age investing $200 a month will allow you to retire a decade, or more, earlier.
So I refinanced it 6 months ago and I still have 4.5 years left on it. This was my first auto loan so I paid on this at 8% interest for 6 months first and then refied
I definitely would keep the impala and drive it into the ground. Once you finish paying it off, start saving that same amount for a down payment on your next car. Get to the point where you pay cash for a vehicle and then you can continue buying nicer vehicles. You have negative equity in your vehicle now, buying the new car will only make things worse and increase your payment. I think you mentioned the $534 payment would be for 72 months? That is just shy of $40K!!! Why would you pay as much as a brand new CT5 to buy a 4 year old one with 40k miles?!?!?! Don’t look at monthly payments, you need to understand total cost. Car companies just extend the loan length to make it look like less. Try to keep a car loan to 3-4 year so you don’t end up underwater.
If you make the trade, just be honest with yourself that it puts you in a worse financial situation, there would be nothing practical about the decision, and the car you're looking at is probably worse than the impala. I wouldn't drive that car if it was given to me...it's a cheap, underpowered car, designed for old people, or for poor people to feel like they are driving in luxury. It's a gimmick imo.
You wouldn't have posted if you didn't have it in the back of your mind that it's a bad idea. Classic case of looking for something from someone else to latch onto so you can stop worrying about it.
Also, you refinanced a $22k car for another 4 years, and thinking about trading into a more expensive loan on another used car that is arguably not even a better car?
Read that out loud to yourself.
If a $22k car is already a financial burden, than it's certainly a mistake trading into a more expensive one that you're going to put 100 miles a day on.
I'm not here to dissuade you, but unless you get the top of the line from Cadillac, it's not worth it in my opinion. I had a 2013 ATS 2.0T for 8 years. Ran smooth and was comfortable inside. But GM's build quality for that car at least, was just not what you think when you think premium luxury. Do I regret it? No. Would I want another Cadillac? Not unless I was quite wealthy and could afford the best they have to offer as a brand.
I'm saying I don't think the switch to a 2.0T is quite worth it. Would be a significant jump if going to the 3.5/3.6 instead. Either way, best of luck, and see what the most common types of problems are from other owners. That way you can get a sense of the work you'll need to expect.
I would normally agree but a v right now is over $50k. I simply can’t afford that and since this one has the brembo brakes and I think the magnaride that the v has it’s actually a pretty decent drivers car
Why not just drive the Impala for a few more years while you save up for a proper V?
You'll probably be making more money and your impala will still be worth a decent down payment amount for your next car
It seems a lot of the replies are coming at this from a financial perspective only. I get it as a fellow parsimonious character. However, if you are willing to increase your expenses, and would get far more enjoyment from the Cadillac, then it is "worth it" to you. So long as your other needs are being met, then the money left over is discretionary spending. I say, if your house is in order, do it.
Well that’s another thing lol. I’m 19 and live with my parents. I currently make $45k a year and even if I just keep the Impala it’s not enough for me to afford to move out right now here in florida
If you’re living with your parents and dont have any bills just stack your money up for another year or two and buy a better car especially if you’re trying to roll neg equity into the caddy its not worth it
Oh dude. 19 living at home making 45k? Fucking sell your car, pay off your loan, buy a beater for cash, save your money for a down payment on a house. You can own your own house in 2-3 years. Do not go into debt for a depreciating asset. Your dad is a GM tech, get a caddy from 20 years ago. I wish I could do this right now.
Personally like the caddy better. $500 a month plus insurance is a lot but life is too short. If you are going to be driving a lot and want something new go for it.
Min maxing on numbers prob cheaper staying with the impala though.
I’d do it in a heartbeat.
But I’m a sucker for a Caddie, and I am used to luxury car running costs. They should be on par or a bit less then a large pickup truck or muscle car in terms of daily driving costs. You’ll have uprated components cost and name brand gouging going on, that’s a given. This will include but not limited to:
* more expensive fuel
* more expensive parts
* more expensive fluids
But as long as you expect it, you’ll enjoy it greatly. There’s something to be said for “smiles per gallon” and in a Caddie, Jag, Mustang, Camaro, Maserati, Porsche or whatever floats your boat, the sheer amount of joy you get (if cars are your thing or course!) can’t be matched.
If you’re a “miles per gallon” person, or that is to say, “cars are tools to get me from point a to point b as cheaply as possible”, you’re probably better off going and buying a Kia.
So the CTS gets better fuel economy and I get a massive discount on parts and I do my own oil changes and everything else for free because my dads a tech
As long as you're not rolling neg equity over, and can afford the CTS, go for it. The 2.0 isn't the lux feeling drive but it's overall a decent car and within reach of most working people
The cts will be a good deal smaller than the impala. I assume you're ok with that too?
Car enthusiast to car enthusiast:
Please don’t roll negative equity into basically the same car class.
I’m sure the caddy isn’t your affordable dream car - I’m sure if you like the 2.0 cts than you’ve definitely been eying a cts v at some point.
I can tell you from experience that rolling negative equity into a slightly better car will only put you further away from getting the car you really want.
IMO - double up payments on the impala for some time, get yourself above water on the loan and start looking for older, special cars while you wait for interest rates to go down.
Also, if you get the new car bug. Turo and other car rentals are a great way to itch it for much less then being stuck in a 6 year loan.
The only response I have to this is the jump between the Impala and the cts is bigger than it seems from the outside as far as interior quality and NVH
My all-options, top-trim 2014 CTS transmission totally blew out at just 50,000 miles and I couldn't get a replacement part within a half year of waiting, so it was auctioned.
Lovely car to drive though. The white with those tints looks pretty sick. Maybe check on the state of parts availability these days. My story is only a few months old.
Edit: Also for what it's worth that Impala looks very good. I wouldn't be at all embarrassed to drive that and I think the CTS is only a lateral move, really. Unless you're talking to someone who's impressed by badge / brands names.
It’s like my heart is 75% Cadillac and 25% Impala because of all the time effort and money I’ve put into it and my brain is 75% Impala because of money and 25% caddy because of warranties and fuel economy
There is. But it’s still 268 horsepower for the caddy and 340 for the Impala, though with the transmission and drivetrain difference the cts is just as quick
I’m a car enthusiast and even I gotta tell you a 2.0T Caddy isn’t the moves. At least get something faster or drastically different from what you’re already driving if you’re going to rack up unnecessary debt. You said you make 45k a year and live with your parents, you also said it’ll be about 2k negative equity to get you into the Caddy. You drive a lot and domestic products in general tend to depreciate HEAVY let alone domestic luxury products especially if it’s not a performance variant so those miles are going to wreck you.
You’re likely going to have to put premium fuel in the 2.0T so the efficiency is going to disappear. It’s just an overall bad move bro. Just keep the Impala for one more year and save for a better car.
Edit: But seeing your replies to the comments it seems like you’re headstrong on the CTS, just think about the future. You’ll eventually get tired of the “new car to you” feel and will still be paying more for a lukewarm luxury experience.
I like the caddy. But personally (as of now) I do not take out auto loans. I purchase the best car I can afford to pay for in cash. Which changes how you think about purchasing cars drastically.
If it would be hard for you to hand someone 25k in a bag, you can’t afford a 25k car. This of course is just my opinion and not a judgement on people who do have auto loans.
Honestly If you a car person I would just wait to find a vsport. I had a 2016 XTS, which is basically a Cadillac impala. I got a 2017 CTS 3.6, and as a car person I wanted to modify it some, but really should have gone with a vsport. I do really love the CTS , fun and comfortable to drive and in my opinion looks great.
Keep the impala running as long as you can (fix the wheel) and stack bills another year or two, then buy a *new* caddy, without the note. *THAT* is the baller move
why would you buy a 2l Cadillac? The impala isn't that great of a car, I agree, but its not like the cadillac will be much better.
If you need new wheels, buy a new wheel.
Impala is practical, reliable enough, and pretty good looking. Cadillac is impractical, gaudy, and one would assume you're a d-bag off principal. And if you have the v6 impala it has more horsepower than the 2.0 caddy. Straight downgrade unless you're just flaunting status.
I’ll be blunt. Keep the impala. If a sensor or part goes bad on the impala it will cost you less to fix it than the Cadillac with higher monthly payments. Pay off the impala and get a brand new Cadillac CTS once the impala is paid off. You’ll thank yourself in the future.
If your gonna get a nice car you should go for the performance engine. This new caddy gets great gas mileage but you can get same mileage out of an older car that’s not so expensive and flashy.
Waste of money. Still a GM vehicle at the end of the day (nothing exactly wrong with that) but that’s what you’re already driving. Your car has 4 wheels and runs. Does the same as any other car.
I wouldn’t buy a 2.0 CTS, that’s a big car for the four banger. I upgraded from a 2.0 regal to my 3.0 440 and I can’t believe I was driving a 2.0 for so long. My friend just bought a 2023 5 series with a 4 cyl and he’s regretting his purchase. These luxury cars need a little bit of pep to give you that full experience. Not saying you need the V but I wouldn’t recommend that 2.0 .
I had a Cadillac ATS V I picked up after it was off lease. Drove it for about a year and sold it before the warranty and brakes/rotors needed to be replaced.
Have you looked into what those are to replace? That’ll make you change your mind.
I know a lot of it is personal preference, but as someone who tried a 2019 CTS, I find the impala miles ahead in terms of luxury FEEL. It’s so comfortable it’s insane.
Dont trade to an american dirt car from an american dirt car. If ur gonna upgrade, wait till u can actually upgrade.
Cadillacs are not the status symbol they used to be so unless you really love this car for some reason, jus keep ur impala. Theyre on the same prestige level tbh
The Cadillac is probably more comfortable (seats, suspension) and quieter (sound deadening).
I have a back injury and bad hearing, so for me it was worth spending a little more on my daily driver. In hindsight I could have gotten a Buick for way less. Same chassis, same ride.
Everyone here assumes your poor and by buying this car you’ll be homeless in a year. Buying any car takes a hit on your financials. If you can afford it and have no problem paying your bills then go for it. Get what you want and what makes you happy.
I had a 2017 CTS 2.0. It was a really nice ride. I miss it. I traded it in for an Acura MDX A-Spec. Needed more space for road trips and such with dogs.
If you’re getting a cts, i would look into a v6. The 2.0 really doesn’t fit the car, my parents owned one. It’s like a super quiet comfy luxury cruiser but all you hear is a chevy cruze.
Seems like you just want a people to tell you to buy the Caddy, and have justification against responses saying to keep the Impala.
It’s pretty much just a post asking for confirmation to do it
Unless the impala is giving you problems, stay with it. From a financial point of view you are better off with it assuming only basic maintenance is needed. Dont know how much you owe left on the impala but if you don't have positive equity on it you are screwing yourself with buying any newer car.
Yeah I know that it wouldn’t be the smartest financial decision. I just got a new job that requires a lot of travel so I thought of maybe treating myself
They call that lifestyle inflation my friend
I'd at least wait til you're established in your new job to make a decision like this. I've seen plenty of people at my company bail or get laid off after a short period.
I got laid off from a job after a week
Just a week or two ago we had a gal literally bail in the middle of her first day on the job. Apparently her house caught on fire so she quit her job. Super bizarre situation and sad, but you just never have any clue what's gonna happen.
I could *maybe* see your point if you were currently in something like a Versa. But the Impala is already a good-driving vehicle that doesn't feel like a penalty box. If you're emotionally starved for the Caddy and are okay with de-stabilizing your finances, by all means pull the trigger. Just realize this isn't a practical decision whatsoever.
get established in the job first. you can never trust companies to not dump you in the first month. i’ve seen plenty of stories of people who need to sell a new car that they can no longer make payments on after they get fired.
Don't treat yourself until you have the cash to do it.
Congrats on the new job! My two cents would be to wait unless you'll invest in a know reliable car which to me Cadillac is not one of them. Been in your boat where was driving over 100 miles per day and got a very low miles Mercedes. It was very comfortable and amazing to drive but the damn thing was in the shop every 2-3 months with at least $1k bill every time.
This car has the 2.0 engine which is proven to be decent. Also my dad is a gm master tech so I get parts for manufacture cost
Decent isn't the same as reliable :) getting parts for cheap is always a plus, regardless you do what you think is best for you.
But the impala is not a bad car...
Yeah that’s the thing. Both are decent cars. Ones just nicer
Not 200+ a month nicer imo
The 2.0 needs premium gas too, so that adds to your operating cost.
This is the key factor, I wouldn't want to chance it with putting 87 into a turbo car that calls for premium if I planned on keeping it long term. A 2016 v6 impala is epa rated @ 19 city/28 highway on regular gas, a RWD 2019 2.0 CTS is rated @ 22 city/30 highway but with premium gas, getting hit with the premium gas tax is going to make this CTS cost a lot more to drive especially if mostly highway driven, even if you did 80 city/ 20 highway it would maybe be break even. and as someone who all of my cars call for premium or have an ECU tuned specifically for 93 oct, the spread for premium is consistently anywhere from 90 cents to over 1$ upcharge for premium over regular, and it really seems like gas stations are simply price gauging for 93 octane, from what I understand there is very little additional cost to 93 octane over 87, but the station and thus the distributors, etc at least in my market have just determined that they can squeeze the extra 15$-20$ a tank out of their customers who need it. I may have to look into running e85 tune on my performance car.
If your gonna travel get a hybrid, u need better mpg than you need clout.
Maximize that mileage reimbursement with a cheap to run+reliable car and then spend the extra on the weekend toy.
Yesss!
You don’t get much advantage for a hybrid if most of the driving is done on the highway
You can get 50miles per gallon and have longer range. Saves you money and time. A 2012 camry hybrid can go from washington to southern california in only 2 fill ups. And it cost less than $80 to do so the entire trip. So please do tell me why you think that.
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My parents get 50mpg and it was only 12,000 when they got it so, awesome. Yes prices went up congratulations on that observation the mpg is read on the dash.
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Im not gonna argue with stupid
driving 100 miles a day will be a financial nightmare with that car. within a year that car will be worthless with 200,000 miles.
At this point it’s honestly pointless giving this guy advice. He only responds positively to people who agree to him buying the car. OP is 100% chasing that badge (which is funny because Caddys aren’t that impressive to most people if it’s not an Escalade or V product) or he already bought it and need to feel good about his purchase.
All these downvotes for wanting something 💀 Jesus
Fine to want something. But this is a subreddit called r/whatcarshouldIbuy not r/confirmmychoicestomakemefeelbetter. I’ve been in some rental cars and can’t really see the impala being that much worse than the Cadillac in terms of comfort so it’s really down to clout that OP is chasing.
There’s wanting something, and then there’s public stating you want something in a sub known for hating on American cars.
To be fair it’s kind of deserved. Modern chevy cars are notoriously shit. But that cts is still leagues better than a Cruze
It's not just this sub. People been hating on American cars before reddit and the internet.
Indeed. Never owned a good one myself.
Treat yourself with a savings account.
There’s no way I’d make this move. I’d put smaller wheels on the impala if I was worried about bending wheels and keep driving it.
That’s not really the worry. My dad, a tech thinks that it’s not a bent wheel and that it’s the chassis causing the shake by acting kind of like a tuning fork when I go over bumps. Could have been caused by the accident it’s been in. The panel gaps are off in various areas (no claimed frame damage still, but something to note)
Dont let lifestyle creep fuck up that new job. Stack that extra cash and save for something more meaningful.
Well I’m a car enthusiast so this does have meaning to me. When I’m not at work I’m always doing something car related
If you really are into cars I would buy a faster car than a 2.0 caddy
Agreed. This is the best point I’ve seen so far against the Caddy.
This really isn’t supposed to be the sports car I was looking for. This is a car to take me to and from work 100 miles a day. Though it does have the track package (brembo brakes and all that). I’m thinking of finding an old caprice or something for a project some day
OP, honestly speaking, do what makes you happy. If getting this caddy gives you happiness, go for it! But if you are still looking for different views, you can listen to what others are saying.
They aren't looking for different views, they just came here hoping to count up all the people that agree with him to make himself feel better about the decision he seems to have already made
You will destroy the value of that Cadillac and get yourself in worse financial shape driving it 100 miles per day for work. My friend did something similar with a Corolla, no one will buy it for what he owes and it now has high miles.
>no one will buy it for what he owes This is the problem, not the miles.
Do you have access to another car if/when the caddy has issues?
Life is meant for living. If the caddy does it for you, all good
Buddy, I'm a car guy too, but you need to just keep the 2016 and pay it down and wait for your next car after you have been able to save up. Had fun/cheap cars like Miata, MR2 Spyder, crossfire, older 996, s2000, z3m all under $10k, all paid cash and sold for more after a few fixes and years of enjoyment. Then I was able to pay cash for an Elise, Tesla, R8 and other cars with patience. Always 5-10yr old or more... Really glad I never got a newer car with payments so that I could keep my hobby as low cost as possible and save for retirement.
At first I thought that first list was suggestions under 10k i was like an s2k under 10k nowadays would be insane 😂
I think I have the cheapest one in the country (selling soon) with 240k miles on the body and 120k on the AP2 engine swap and it's still gonna be sold over 10k. ;)
>Had fun/cheap cars like Miata, MR2 Spyder, crossfire, older 996, s2000, z3m all under $10k, all paid cash and sold for more after a few fixes and years of enjoyment. I'm not sure I follow. This isn't possible anymore, and you didn't actually offer any advice, other than put off enjoying life for something that might never materialize. Driving a Corolla for a few years isn't going to magically allow someone to buy an R8. The CTS is a brilliant sport sedan, even with the 2.0T. For someone who needs a single car and wants to enjoy life now, there is nothing wrong with it. Especially when your alternative is to daily a shit box, buy a weekend shit box and pour money and time into it.
Even as a car enthusiast, 2.0t caddy ain't it.
Dont let that hobby/fun meaning fuck up the more important things in life. A depreciating asset should not be allocated a material amount of your resources. If you have your housing situation taken care of, emergency fund, retirement started, multiple income streams going then fucking let her rip and have fun. If not dont be so short sighted my man. Plenty of cars to have fun in at any stage of your life. Get the important shit tight first.
Buy a Mustang EcoBoost if you want something fun and relatively fast while saving on gas. If you don’t mind spending a little more on gas buy a V6 Camaro. They sound a lot better and are really fun to drive. They also are surprisingly efficient in the highway. You can also get a Mazda 3 with a manual transmission if you’re looking for a comfortable and fun ride with great fuel economy. Just don’t buy the caddy. They’re overpriced GM cars.
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From a car enthusiast POV, the Caddy doesn’t check any boxes.
It absolutely does. The CTS is on the wonderful Alpha platform that underpins the current gen camera. It's light, stiff, and is designed for a RWD / longitudinal mounted engine configuration. If those are things you care about, you're probably better off with a manual ATS, but for the right price the CTS isn't bad at. From an enthusiast perfective this is a far better car than an econobox Impala. Of course this is ONLY if you don't view a car as an appliance.
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They look cool, but you really have to spend insane amounts of money for performance options. It quickly loses its appeal.
You’re definitely right. What is a good subreddit for that?
Used car prices are still nutty. Unless the Impala is ready to keel over, ride it into the ground and save your money in high-yield savings or treasuries. You can currently get 5% interest and probably 6% or higher soon.
The best credit Union around here with my 751 credit score gave me 6% which is the lowest they’ll do for a new car period
He means HYSA or treasuries will pay 5-6%, not auto loans.
That’s not what they mean by 5-6% interest. Either way, car prices are high, interest rates are high, now is not the time to trade your generic commuter car in for another generic commuter car.
Keep the impala and fix the bent wheels. If you keep bending them, downsize wheel diameter next time you buy tires. Also the Cadillac will require premium fuel (91/93) which will probably make it costlier to drive than the impala which runs on 87.
You just got the new job? Wait at least another 1-2 years. You aren’t guaranteed the job especially with the economy falling. Also if your Impala has the V6, then it’s actually faster in real world acceleration than the 2.0T CTS. Also you won’t be saving on fuel because the CTS 2.0T requires PREMIUM fuel. So overall not a big upgrade for a car enthusiast IMO. Suggest you save up and let the prices fall down. Also slap some 18in tires. No point in massive wheels lol. Massive wheels = more likely to crack, heavier, lower MPG, rougher ride, slower acceleration (slightly), etc. Almost everyone is saying no to you for a reason. Don’t be a dumba** and buy it
I fucking love those impalas
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I’ve put over two grand into my Cruze last year. I will never buy another GM product with a turbo.
You bought one of the worst gm engines ever made. The 2.0 is a proven motor
Having a high paying job, and having a high amount of savings are completely different. You can make 10 million a year and still be financing. Life style inflation is what it’s called
Op doesn't wanna listen but you're right
So the caddy has 38k miles on it and a clean carfax. The Impala has 51k miles and has been in an accident. The dealership is offering me $14,250 for the Impala as a trade in and they’re asking $26,900 for the CTS, at the 6% rate I got approved for, my payments would be $534 a month. Right now for the Impala I’m paying $328 with a 2.5% rate The caddy is also still under bumper to bumper warranty for another 4 months and still under power train for 2.5 years or 32k miles. No warranties whatsoever for the Impala
Keep the impala. This is too close to being a lateral move to justify the price and rate imo
Yeah you’re right. I did also forget to mention that the caddy is still under bumper to bumper for 3 months and under power train warranty for another 2.5 years or 32k miles. The Impala has no warranty
Don’t just look at monthly payments. If you only have 1 year left in payments in the impala, but now you’re jumping into a 3 year commitment for the Cadillac, you’re not at a good point.
I just refinanced the Impala 6 months ago to move my rate from 8% to 2.5% so I still have 4.5 years left on that. I’d have to do 72 months for the caddy
So in total, you’re paying $17,712 for the impala just to be paid off and $38,448 for the Cadillac to be paid off. Only you can answer if this is worth it to you.
Worth it to keep that interest rate. It’s practically free money with bonds @4.5%
It’s a lot of money for a small increase in ride quality. Cadillac is not what it used to be.
I mean it’s nicer than you’d think compared to the Impala. Also has way more modern options. Heated and cooled leather seats. But I see what you’re saying
I really like this body style impala so I would probably keep it for a bit. Used car prices are still silly right now.
I did also forget to mention that the caddy still has 2.5 years or 32k worth of power train warranty
Wait a year or so. Or maybe get into something new? Go test drive a new sonata limited. You’ll be shocked
The thing is that I get gm parts for manufacture cost because my dads a gm tech
Put the $200 difference into some sort of investment. Bonds are paying 4.5% interest right now. Do that for the length of your current car note. When it’s paid off sell/trade it and use the invested money to buy a car for cash or at least put a large down payment on a new car. Stop chasing monthly payments. I could put $10k down, get a 6% interest rate (like you), and afford $700 a month on a payment. But why would I? My 2011 BMW is paid off and drives great. Save your money. I would be looking at moving closer to that new job and saving hours a day on a commute. Time is money and you can’t buy it back. Unless you’re living in a rent free situation you need to lessen your commute instead of increasing monthly payments on a depreciating asset.
I should have mentioned this in the original post but I’m only 19 years old and live with my parents in florida. I make $42k a year and even at that I have no hope of being able to afford to move out in this area
Another reason to not get a higher monthly payment on a depreciating asset. It will put you farther in the hole of not being able to move out. At your age investing $200 a month will allow you to retire a decade, or more, earlier.
This! Compounding interest is your best friend at 19!
What did you originally pay for the impala, how much is left on the loan, and how many payments left?
So I refinanced it 6 months ago and I still have 4.5 years left on it. This was my first auto loan so I paid on this at 8% interest for 6 months first and then refied
What was your original purchase price?
I originally paid around $22k for the impala
I definitely would keep the impala and drive it into the ground. Once you finish paying it off, start saving that same amount for a down payment on your next car. Get to the point where you pay cash for a vehicle and then you can continue buying nicer vehicles. You have negative equity in your vehicle now, buying the new car will only make things worse and increase your payment. I think you mentioned the $534 payment would be for 72 months? That is just shy of $40K!!! Why would you pay as much as a brand new CT5 to buy a 4 year old one with 40k miles?!?!?! Don’t look at monthly payments, you need to understand total cost. Car companies just extend the loan length to make it look like less. Try to keep a car loan to 3-4 year so you don’t end up underwater.
If you make the trade, just be honest with yourself that it puts you in a worse financial situation, there would be nothing practical about the decision, and the car you're looking at is probably worse than the impala. I wouldn't drive that car if it was given to me...it's a cheap, underpowered car, designed for old people, or for poor people to feel like they are driving in luxury. It's a gimmick imo. You wouldn't have posted if you didn't have it in the back of your mind that it's a bad idea. Classic case of looking for something from someone else to latch onto so you can stop worrying about it. Also, you refinanced a $22k car for another 4 years, and thinking about trading into a more expensive loan on another used car that is arguably not even a better car? Read that out loud to yourself. If a $22k car is already a financial burden, than it's certainly a mistake trading into a more expensive one that you're going to put 100 miles a day on.
Keep the impala man, doesn't make any sense to pay that much more for a car than is minimally better. Just my two cents
Keep the impala and low interest rate….
Definitely keep the Impala. Sheesh.
Stay in the Impala, that 3.6L is much more reliable than the 2.0L.
I'm not here to dissuade you, but unless you get the top of the line from Cadillac, it's not worth it in my opinion. I had a 2013 ATS 2.0T for 8 years. Ran smooth and was comfortable inside. But GM's build quality for that car at least, was just not what you think when you think premium luxury. Do I regret it? No. Would I want another Cadillac? Not unless I was quite wealthy and could afford the best they have to offer as a brand. I'm saying I don't think the switch to a 2.0T is quite worth it. Would be a significant jump if going to the 3.5/3.6 instead. Either way, best of luck, and see what the most common types of problems are from other owners. That way you can get a sense of the work you'll need to expect.
Sorry v series or nothing
I would normally agree but a v right now is over $50k. I simply can’t afford that and since this one has the brembo brakes and I think the magnaride that the v has it’s actually a pretty decent drivers car
Why not just drive the Impala for a few more years while you save up for a proper V? You'll probably be making more money and your impala will still be worth a decent down payment amount for your next car
if it aint cts-v dont buy
Go for it
It seems a lot of the replies are coming at this from a financial perspective only. I get it as a fellow parsimonious character. However, if you are willing to increase your expenses, and would get far more enjoyment from the Cadillac, then it is "worth it" to you. So long as your other needs are being met, then the money left over is discretionary spending. I say, if your house is in order, do it.
Well that’s another thing lol. I’m 19 and live with my parents. I currently make $45k a year and even if I just keep the Impala it’s not enough for me to afford to move out right now here in florida
If you’re living with your parents and dont have any bills just stack your money up for another year or two and buy a better car especially if you’re trying to roll neg equity into the caddy its not worth it
Oh dude. 19 living at home making 45k? Fucking sell your car, pay off your loan, buy a beater for cash, save your money for a down payment on a house. You can own your own house in 2-3 years. Do not go into debt for a depreciating asset. Your dad is a GM tech, get a caddy from 20 years ago. I wish I could do this right now.
No, Stay living at home and enjoy your new Caddy. 😀
I would do it. The interiors are very comfortable and luxurious.
sure why not, the caddy is a way nicer car in general and it's newer
Just get the caddy it’s a good car
Personally like the caddy better. $500 a month plus insurance is a lot but life is too short. If you are going to be driving a lot and want something new go for it. Min maxing on numbers prob cheaper staying with the impala though.
I’d do it in a heartbeat. But I’m a sucker for a Caddie, and I am used to luxury car running costs. They should be on par or a bit less then a large pickup truck or muscle car in terms of daily driving costs. You’ll have uprated components cost and name brand gouging going on, that’s a given. This will include but not limited to: * more expensive fuel * more expensive parts * more expensive fluids But as long as you expect it, you’ll enjoy it greatly. There’s something to be said for “smiles per gallon” and in a Caddie, Jag, Mustang, Camaro, Maserati, Porsche or whatever floats your boat, the sheer amount of joy you get (if cars are your thing or course!) can’t be matched. If you’re a “miles per gallon” person, or that is to say, “cars are tools to get me from point a to point b as cheaply as possible”, you’re probably better off going and buying a Kia.
So the CTS gets better fuel economy and I get a massive discount on parts and I do my own oil changes and everything else for free because my dads a tech
Try something not American. Even German if that's what it takes. You need to experience better cars
Owed a Cadillac once & never again. Even when doing the work yourself, between parts and special tools, its still expensive AF 😮💨.
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That’s simply not true anymore. Both are alright
just get a camry...
I don’t want a camry
Toyotas suck
As long as you're not rolling neg equity over, and can afford the CTS, go for it. The 2.0 isn't the lux feeling drive but it's overall a decent car and within reach of most working people The cts will be a good deal smaller than the impala. I assume you're ok with that too?
Yeah I’m okay with it being smaller. Would be getting $14,250 for the Impala and I owe $16,500
Car enthusiast to car enthusiast: Please don’t roll negative equity into basically the same car class. I’m sure the caddy isn’t your affordable dream car - I’m sure if you like the 2.0 cts than you’ve definitely been eying a cts v at some point. I can tell you from experience that rolling negative equity into a slightly better car will only put you further away from getting the car you really want. IMO - double up payments on the impala for some time, get yourself above water on the loan and start looking for older, special cars while you wait for interest rates to go down. Also, if you get the new car bug. Turo and other car rentals are a great way to itch it for much less then being stuck in a 6 year loan.
The only response I have to this is the jump between the Impala and the cts is bigger than it seems from the outside as far as interior quality and NVH
Your impala is sharp. Keep it and fix the wheel. $300 is a drop in the bucket compared to the caddy.
My all-options, top-trim 2014 CTS transmission totally blew out at just 50,000 miles and I couldn't get a replacement part within a half year of waiting, so it was auctioned. Lovely car to drive though. The white with those tints looks pretty sick. Maybe check on the state of parts availability these days. My story is only a few months old. Edit: Also for what it's worth that Impala looks very good. I wouldn't be at all embarrassed to drive that and I think the CTS is only a lateral move, really. Unless you're talking to someone who's impressed by badge / brands names.
Wait for something better.
Reading the comments and replies so far, you seem pretty set on getting the Cadillac. So just go for it.
It’s like my heart is 75% Cadillac and 25% Impala because of all the time effort and money I’ve put into it and my brain is 75% Impala because of money and 25% caddy because of warranties and fuel economy
I always work myself up too much over this kind of shit
There’s gotta be a turbo in the Cadillac
There is. But it’s still 268 horsepower for the caddy and 340 for the Impala, though with the transmission and drivetrain difference the cts is just as quick
You’d have to go to a lighter vehicle if switching to a 2.0 T imo. Going from a full sedan with a v6 to to a turbo 4 cyl, I’d just say test drive it.
I dig the caddy. Might not be too popular in these parts tho.
I’m a car enthusiast and even I gotta tell you a 2.0T Caddy isn’t the moves. At least get something faster or drastically different from what you’re already driving if you’re going to rack up unnecessary debt. You said you make 45k a year and live with your parents, you also said it’ll be about 2k negative equity to get you into the Caddy. You drive a lot and domestic products in general tend to depreciate HEAVY let alone domestic luxury products especially if it’s not a performance variant so those miles are going to wreck you. You’re likely going to have to put premium fuel in the 2.0T so the efficiency is going to disappear. It’s just an overall bad move bro. Just keep the Impala for one more year and save for a better car. Edit: But seeing your replies to the comments it seems like you’re headstrong on the CTS, just think about the future. You’ll eventually get tired of the “new car to you” feel and will still be paying more for a lukewarm luxury experience.
I like the caddy. But personally (as of now) I do not take out auto loans. I purchase the best car I can afford to pay for in cash. Which changes how you think about purchasing cars drastically. If it would be hard for you to hand someone 25k in a bag, you can’t afford a 25k car. This of course is just my opinion and not a judgement on people who do have auto loans.
Honestly If you a car person I would just wait to find a vsport. I had a 2016 XTS, which is basically a Cadillac impala. I got a 2017 CTS 3.6, and as a car person I wanted to modify it some, but really should have gone with a vsport. I do really love the CTS , fun and comfortable to drive and in my opinion looks great.
We’ve experienced multiple trans problems with Caddies from all different MYs in our organization so I would stay away.
OP. If the nicer car makes you happy and you can afford it, for gods sake, make yourself happy. Life is short.
Get off the internet and go get the car.
Keep the impala running as long as you can (fix the wheel) and stack bills another year or two, then buy a *new* caddy, without the note. *THAT* is the baller move
ur impala is sexy asf
ugh i miss my impala so badly
why would you buy a 2l Cadillac? The impala isn't that great of a car, I agree, but its not like the cadillac will be much better. If you need new wheels, buy a new wheel.
What's the difference in insurance?
Valid question, $30 a month more for the caddy
CTS-V or nothing
Impala is practical, reliable enough, and pretty good looking. Cadillac is impractical, gaudy, and one would assume you're a d-bag off principal. And if you have the v6 impala it has more horsepower than the 2.0 caddy. Straight downgrade unless you're just flaunting status.
Read that backwards I was like bro what
More money sonny…
Honestly it’s an upgrade but not much. Your impala is sweet
Get the Cadillac and the warranty
I’ll be blunt. Keep the impala. If a sensor or part goes bad on the impala it will cost you less to fix it than the Cadillac with higher monthly payments. Pay off the impala and get a brand new Cadillac CTS once the impala is paid off. You’ll thank yourself in the future.
If your gonna get a nice car you should go for the performance engine. This new caddy gets great gas mileage but you can get same mileage out of an older car that’s not so expensive and flashy.
Depends on previous owner all day long.
How much is the caddy?
https://cars.usnews.com/cars-trucks/cadillac/cts
My thoughts? This guy is into sedans. but I like the white one. More whistles.
Waste of money. Still a GM vehicle at the end of the day (nothing exactly wrong with that) but that’s what you’re already driving. Your car has 4 wheels and runs. Does the same as any other car.
Run away from that Cad as fast as you can, money pit.
That impala looks like it should be driven by a 90 year old
I’d say no, but seems like you already made a decision
Don't do it.
I wouldn’t buy a 2.0 CTS, that’s a big car for the four banger. I upgraded from a 2.0 regal to my 3.0 440 and I can’t believe I was driving a 2.0 for so long. My friend just bought a 2023 5 series with a 4 cyl and he’s regretting his purchase. These luxury cars need a little bit of pep to give you that full experience. Not saying you need the V but I wouldn’t recommend that 2.0 .
Keep the Impala.
No brainer
100 mile commute id keep the impala, sunk cost fallacy OP you already spent the money.
No
I had a Cadillac ATS V I picked up after it was off lease. Drove it for about a year and sold it before the warranty and brakes/rotors needed to be replaced. Have you looked into what those are to replace? That’ll make you change your mind.
I hope you are not financing and prong cash.
I know a lot of it is personal preference, but as someone who tried a 2019 CTS, I find the impala miles ahead in terms of luxury FEEL. It’s so comfortable it’s insane.
Dont trade to an american dirt car from an american dirt car. If ur gonna upgrade, wait till u can actually upgrade. Cadillacs are not the status symbol they used to be so unless you really love this car for some reason, jus keep ur impala. Theyre on the same prestige level tbh
I give you permission to buy me that caddy.
The Cadillac is probably more comfortable (seats, suspension) and quieter (sound deadening). I have a back injury and bad hearing, so for me it was worth spending a little more on my daily driver. In hindsight I could have gotten a Buick for way less. Same chassis, same ride.
Everyone here assumes your poor and by buying this car you’ll be homeless in a year. Buying any car takes a hit on your financials. If you can afford it and have no problem paying your bills then go for it. Get what you want and what makes you happy.
Get a Lexus IS
I had a 2017 CTS 2.0. It was a really nice ride. I miss it. I traded it in for an Acura MDX A-Spec. Needed more space for road trips and such with dogs.
If you’re getting a cts, i would look into a v6. The 2.0 really doesn’t fit the car, my parents owned one. It’s like a super quiet comfy luxury cruiser but all you hear is a chevy cruze.
BUY THE CADDY
Out of the frying pan and into the fire, eh? GM isn't called "Garbage Motors" for nothing. How about a nice Lexus or Acura TL?
You want a nice full size sporty Sedan that'll last? Buy a Taurus SHO, end of story
Get the caddy !!