Costco Canada members can receive a $750 bonus on the purchase or lease of almost all new 2022 and 2023 model year Cadillac models through the retail giant’s ongoing GM fall promotion.
This limited-time savings event, which started on September 1st and will run through to November 30th, includes a $750 allowance toward the purchase or lease of new 2022 and 2023 in-stock Cadillac CT4 and CT5 sedan models, as well as the XT4, XT5 and XT6 crossover models. To receive the member-only bonus, Costco Canada members need to register at CostcoAuto.ca for a savings certificate and must have been a member before August 31st, 2022. The $750 certificate can be used at any Cadillac dealer in Canada.
One catch with this deal is that it only applies to the regular CT4 and CT5 variants and not the sport V-Series or V-Series Blackwing variants. The hot-selling and high-priced Cadillac Escalade is also excluded from the deal.
Jay Woodcock, Costco Auto Program general manager, said this ongoing retail promotion with GM Canada helps deliver an attractive discount to the automaker’s customer base at a time when incentive spending is at an all-time low in the industry. Incentive spending at Cadillac, for example, fell 57 percent year-over-year in Q2 of this year to an average of just $2,634 per vehicle.
“We know finding incentives on a new vehicle is more difficult than before,” Woodcock said in a statement. “This promotion with General Motors Canada provides an additional $750 value on vehicles Costco members seek most.”
Another minor catch with this promotion is it only applies to in-stock vehicles, and certain models can be hard to come by on dealer lots, or may only be offered in limited trim levels or specifications at the moment. That means consumers looking to capitalize on this deal may need to compromise on their vehicle’s trim, color or equipment, as they will be relegated to what’s already in stock.