Tom Petty's Cadillac Allante: For Sale on AutoTrader
For sale right now on AutoTrader is a 1993 Cadillac Allante that was once owned by music legend, Tom Petty.
Petty is probably most famous for his work with his band Tom Petty and the Heartbreakers. Petty has made music since the mid '70s, and in that time he has racked up a slew of musical achievements including multiple trips to the Billboard top ten, three Grammy wins and one Radio Music Award.
Unlike Petty, the Cadillac Allante was never much of a commercial success. The top-of-the-line Caddy was doomed from the very start because of its astronomical asking price and its underpowered engines in early models.
The Allante was supposed to be Cadillac's return to the top of the luxury car world. Aimed at European rivals from Jaguar and Mercedes-Benz, the Allante's design was outsourced to the Italian studio Pininfarina, known also for its work with Ferrari.
To build the cars, GM actually flew the Allante frames out to Italy to be bolted to the bodies overseas. The half-built cars were then flown back to Detroit to be finished by Cadillac mechanics in what was often described as 'the world's longest assembly line'.
That labor-intensive approach and Cadillac's no-expense-spared philosophy gave the car an MSRP in the neighborhood of $60,000, which was much more than anyone was willing to spend on a Caddy at the time.
By 1993 the Allante was labeled a complete commercial failure, but GM gave the car one last shot. The company shoehorned its brand-new 4.6-liter Northstar V8 engine into the Allante's engine bay. That gave the car the power necessary to compete with some of its rivals.
The musician's former ride is one of those last, more desirable models. Current owner Phillip DeMarks said the car left the Petty garage when the singer/songwriter divorced in the mid '90s. DeMarks said Petty placed a special order for the car so it came with a few uncommon features like monochromatic seats and analog gauges.
DeMarks said he has kept all the paperwork on the car from when it first left the showroom to its most recent service. The car has only been driven for 31,700 miles in its nearly two decade long life, and DeMarks said he is going to be picky about who will be able to buy it from him. He is looking for the Caddy to go to a good home.
The car is being listed for $18,500 which is a little high compared with the car's estimated KBB value, but it's worth noting that there are very few Allantes on the road, and none exactly like this custom ordered, celebrity-owned Cadillac.
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