Top Tips for Buying a Used Cadillac (1948-58)

    Cliff Chambers13 August, 2024

    cadillac_eldorado_brougham

    Given that the United States in 1929 went close to sending the whole world bankrupt, it was seriously unfair that 20 years later it was rolling in loot and producing cars that hardly anyone else could afford.

    Cadillac had built its first car way back in 1903 but by 1948 under legendary GM design chief Harley Earl the brand had introduced the dramatic tail fins that became its styling trademark. A year later there was a new 5.4-litre, overhead valve V8 that began life with 160bhp (119kW) but by 1953 was delivering a heartier 157kW. 

    1952 Cadillac

    Image: wheelsage.org

    Throughout the 1950s, in response to customer demand and the need to move bigger and heavier cars, the Cadillac V8 grew to 5.9 and eventually 6.4 litres. When fitted with ‘dual-quad’ carburettors, Eldorado versions produced 257kW and would reach 185km/h.

    Various body styles were available, with the most popular being the Sedan and Coupe de Villes. Most sat on a 3099mm wheelbase but a 3735mm chassis was used for hearses and the seven-passenger 75 Series Limousine.  

    Convertibles were built on a 3200mm ’62 Series’ chassis with a powered top, masses of chromium plate and increasingly obvious tailfins.

    cadillac_sixty-two_convertible

    Image: wheelsage.org

    By 1958 the Eldorado Biarritz convertible weighed 2300kg and cost US$7500, whilst a V8 Chevrolet convertible weighed around 1660kg and cost US$2850. At the same time, Australia was struggling to repay its War Debt and the most opulent big cars on offer here were six-cylinder Pontiacs supplied in RHD from from GM’s Canadian plants.

    Very few 1950s Cadillacs were imported new and most of the cars available today have arrived since the 1980s. By that time, these cars were 25-30 years old so didn’t need to endure the costly process of right-hand drive conversion.  

    cadillac_fleetwood_sixty_special

    Image: wheelsage.org

    Most common in the local market now are sedans and two-door Coupe de Villes. Usable cars which can be enjoyed while undergoing cosmetic restoration start at $30,000, with Fleetwood sedans $10,000 more. Those values more than double when considering cars in excellent original condition or which have undergone quality restorations. 

    cadillac_eldorado_biarritz

    image: wheelsage.org

    Open-top Cadillacs from the 1950s are scarce and expensive, even in the US market. They’re scarcer still here in Australia where 62 Series convertibles will typically bring close to $120,000, with Eldorado convertibles and the very scarce Brougham Hardtops asking more than $200,000. Convertible Eldos in spectacular condition and with celebrity connections have reached A$300,000 in US sales. 

    Things To Watch Out For, When Buying a Used Cadillac (1948-58)

    • Have the chassis checked for rust, especially around body attachment points, 

    • Be wary of damaged and faded brightwork which will be hugely expensive to restore

    • Make sure the power top on convertibles raises and retracts easily

    • The V8 engines can suffer overheating issues which can create other problems

    • Ensure that the four-speed automatic changes smoothly… or be prepared for an expensive rebuild

    • Cadillacs are heavy and their suspension works hard, so unless they’ve recently been replaced be prepared to spend a few quid on new suspension parts 

    • Make sure all power accessories (seats, windows etc.) are working properly

    🛠️ Timeline

    1985
    $20,000
    1995
    $28,000
    +40.00%
    2005
    $37,500
    +33.93%
    2010
    $42,500
    +13.33%
    2014
    $47,500
    +11.76%
    2019
    $62,000
    +30.53%
    2024
    $67,000
    +8.06%
    1952-56 Coupe de Ville

    Investment Rating

    5 / 10

    Cliff Chambers

    Writer & Head Valuer

    At age 14, surrounded by stacks of motoring magazines from the local junk shop, Cliff Chambers was warned by a concerned mother that he would ‘Never get anywhere knowing a lot about old cars.’  Seventeen years later when his definitive book, Making Money From Collectable Cars was published, she was proud to be proven wrong.

    That was in 1987, but Cliff’s life was already revolving around all things automotive. From working part time in a panel shop while at university, he moved to motor industry consultancy roles and managing a Championship winning rally team.

    During the 1990s he joined the classic vehicle insurance industry, at the same time becoming a prolific writer for magazines and motoring websites. Then came his ongoing contribution as one of the country’s leading vehicle valuers.

    Away from work, automotive events and objects remain prominent in Cliff’s world. He has owned more than 40 cars now considered ‘classic’ and within his collection of motor-related items there remain some of those magazines acquired as a fact hungry teen.

    Cliff brings to Retro Rides a blend of unique industry skills and a love of vehicles that will become more obvious with every contribution he makes to the site.

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