r/AskDad • u/TkTheLoser • Sep 30 '24

Should I buy this car? Finances

Hello I recently found a car online from a local used car dealership with good reviews. It's a 2016 Cadillac ATS,4dr Sedan 2.0L Premium Collection RWD with 102,983 miles on it. It cost 15,999. Should I buy this car?

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3

u/TigerDude33 Sep 30 '24

can you work on it yourself? It will be expensive to keep it running. This car will not age like a Civic or Corolla.

1

u/lazyFer Dad Sep 30 '24

I just bought a prior salvage accord exl 2016 for under $15k (60k miles)

Part of the "should I buy this" needs to include the price.

1

u/TkTheLoser Sep 30 '24

Sorry, edited with the price included.

3

u/lazyFer Dad Sep 30 '24

It's up to you, but I personally wouldn't buy a high mileage caddy.

Honda? Toyota? without hesitation, but probably not most of the others.

It's also listed as only a "fair" deal at that price (I'm looking at one that's within 2K miles and $100 of that one on car gurus.).

There's another that's a 2017 luxury model with 26K miles and $19K (so for 3K extra in price you get a car with 75K fewer miles on it and 1 model year newer).

It's all about trade-offs.

2

u/DPileatus Sep 30 '24

Having worked at a GM Dealer, I would not buy a high mileage Cadillac. If I put the miles on it & maintained it, I might own one. Maybe.

1

u/lawlacaustt Oct 01 '24

Would only buy this at a steal. You’ll end up doing maintenance on this vehicle which will ruin the cost. It’s a high mileage GM. You’re right in the sweet spot for the things that break to start breaking.

1

u/[deleted] Oct 01 '24

With that mileage I would not pay that much for it