The Classic Cadillac Car Worth A Ton Of Money Now

Crusin' down the street in a Cadillac is a one of a kind experience. You might be able to ride in one with an owner you know or perhaps rent one for a special occasion, but when it comes to ownership, there's nothing like having a Cadillac in your name. In fact, some Cadillac models are actually luxury cars that are worth the money, including the 1959 Cadillac Series 62 Convertible.

Based on data compiled by Annapolis Classic Cars, a 1959 Cadillac can range in price according to model, condition, and the status of its restoration. Two Coupe DeVille sales prices ranged from $38,850 all the way to $54,705, with a third Sedan DeVille that had a listed price of $47,775. However, the cream of the crop was a 1959 Cadillac Series 62 Convertible that was completely restored, only had 30,232 miles and was listed for $155,000. Nearly 26 years after debuting on the road, the 1959 Cadillac series continues to be a legacy car that buyers will pay big bucks for.

It's no secret that most cars are not considered assets that will increase your net worth or add wealth to your bank account. In fact, cars depreciate in value the moment they are driven off the lot, so putting money into them is a risky venture. Classic cars are a bit different since many come with history behind them. That being said, it really is up to the owner to make sure the value stays intact by way of maintenance, restoration, and care.

For example, one 1959 Cadillac sold for $207,100 at auction back in 2023. What drove the price up to that amount? The fact that it was in pristine condition, with only 99,000km logged on the odometer, and was seized from internet hacker Kim Dotcom in a 2012 raid. The fact that it was in pristine condition, with only 99,000km logged on the odometer. It also came with premium features, such as air conditioning, which was first installed by Packard in 1940 yet didn't reach many cars until 1969. Additionally, this particular Cadillac was decked out in the much coveted pink paint job that resembled a similar Caddy owned by none other than rock-and-roll legendary, Elvis Presley.

Cadillacs hold a special place in the mind of car aficionados. Much like Classic Dodge cars sell for small fortunes, Cadillacs have significant value that's only added to by their legendary status in the history of the American automotive industry.

Autotrader noted that 1959 Cadillacs tend to range from $8,895 all the way up to $239,999, with an manufacturer's suggested retail price (MSPR) that averages out to about $101,549. Besides all the factors mentioned previously, another component of cost with this line of classic cars comes from the amount that were originally manufactured.

The 1959 Cadillac Eldorado is a car that collectors hunt down with ferocity on the market, particularly when it comes to the Biarritz convertible model, which ranges between $50,000 and $200,000 or higher for fully restored models, with one even selling for $410,000 in 2022 reported Bring A Trailer. These classic Cadillacs are worth so much because only 1,320 were originally produced and have come to represent a slice of American history for many car buyers.