Nothing in construction. They are the same feel, but different look. I have the Cabrios and they are "shinier" leather where the oiled are a "fuzzier" leather. The funny thing is it sounds like it should be the other way, but whatevs. Sidenote, if you have not had Danskos, size up since the fit is more of a Euro fit and you wan the heel to not be touching the back on these.Actually, there is a difference in heel height in the 3 models. The Cabrios have a 2" heel, the oiled finish has a 1 3/4" heel, and the regular "Professional" has a 1 1/2" heel. Some people claim there are quality differences, w/ the oiled and cabrio models being better, but I don't know how true that is.