Frugal Friday, Cheapest Car I Would Buy Edition

First…

 

 

I warned you that I was going to show a lot of pictures of the scenery around here.

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Even though I found both of our Corvettes using Car Gurus, for the type of search I wanted to do today I used AutoTrader. The latter is better at searches by multiple types of cars.

I did a nationwide search of vehicles with a max price of $10,000 and no more than 75,000 miles. The cars had to have an 8-cylinder engine, an automatic transmission, and be a convertible or coupe. Oh, the cars also could not have ever had a reported accident.

It will be absolutely no surprise to regular readers of Disaffected Musings which car I picked. This picture is from Barrett-Jackson as picture links to AutoTrader have a way of breaking quickly.

 

See the source image

 

This is a 1993 Cadillac Allanté. The one available on AutoTrader, also in Red, has 53,499 miles and the asking price is $7,990. AutoTrader classifies that as a “Great Price.”

This was the fifth least expensive of the 19 results in the search. The four that were less expensive were also Cadillacs, either Eldorados or Allantés, but were of model years I wouldn’t buy.

IF the car fit our needs (it doesn’t) or IF I had space for a fourth car (I don’t), I would have already contacted the dealer about this car. If my aunt had had balls, she would have been my uncle. I first heard that line, which I have been using for more than 40 years, from Tim Whittie. He was a star athlete at my high school, earning 10 varsity letters in football, wrestling and track. (It could have been football, wrestling and lacrosse, but 10 varsity letters is still 10 varsity letters.)

He did play major college football, but was never more than a complementary player at that level. I had a friend, Jim F (we have drifted apart over the years), who was the city defensive player of the year in our senior year. He was not successful at making the jump to college football at the 1-AA level. It’s great to have dreams, but almost everyone should have a fallback position. People like LeBron James are literally one in a million.

OK, back to the car…as every edition of Frugal Friday shows, an enjoyable car can be purchased for not a lot of money. I believe it was Keynes who said that the desired end result of all economic activity is consumption. In other words, one acquires wealth with the idea it will or could be spent, even if that spending is in the future.

 

#FrugalFriday

#DesertBeauty

#CheapCars

#1993CadillacAllanté

#somanycarsjustonelife

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Frugal Friday 8

Obviously, I have written far more than seven previous Frugal Friday posts. (The actual number is close to 40.) This is the eighth post with the title of Frugal Friday without any embellishment.

Although I am not strictly a devotee of just one make or one country of origin, my automotive net is still not that large. As I have written many times, I have no interest in SUVs or pickup trucks as objects of affection. I have next to no interest in four-door sedans, apart from the occasional Rover P5B.

I like two-door cars that look good to me and have at least decent performance, even if not a performer like my Corvette Z06. However, as cars like that are not being made in large numbers anymore, my universe of interest shrinks in comparison to the auto world at large.

It might seem as if this car appears way too often on Disaffected Musings, but it hasn’t been featured in a Frugal Friday post for almost a year. (This is also the first post with this specific year/model tag.) Here is a 1993 Cadillac Allante:

 

 

This car, with 89,000+ miles, is listed on Hemmings with an asking price of $8,500. I passed on some 1989-93 Allantes priced even lower because I am not a fan of cars with white exteriors.

1993 was the last year for the Allante and the only year it was equipped with a 295 HP/290 LB-FT of torque NorthStar V-8. Cadillac produced 4,670 Allantes for model year 1993, which was actually more than the combined number for 1991 and 1992. In fact, 1993 was the best-selling year for the car that was produced from 1987 to 1993. At this distance, it’s not clear why the car was discontinued at that particular time even though it had been a major disappointment from the beginning. By the way, the MSRP for a 1993 Allante was $61,675, $110,106 in 2020 dollars according to this site.

Scarcity doesn’t guarantee future value. The Allante has sunk to the bottom of the depreciation curve and stayed there. While one man’s meat is another man’s poison, for me this car is almost the definition of good value in a collector car. The body was designed and built by the legendary Pininfarina, designer of so many Ferrari bodies. It’s not such an old car that service would be especially difficult. It is certainly less expensive to service a Cadillac than a Ferrari. Of course, I think the Allante is stunning in appearance and always have.

If it weren’t a “fail” as a grocery car, an Allante might very well have been the car I would have chosen as my Z06 companion. No, I am not thinking about a companion for my companion.

 

#FrugalFriday

#1993CadillacAllante

#somanycarsjustonelife

#disaffectedmusings

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