Cadillac Lyriq Lease Prices Drop By $7,500 In August 2023
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In August 2023, a Cadillac Lyriq lease prices get slashed by $7,500 on the 2024 Cadillac Lyriq, according to a report by CarsDirect. A previous monthly lease payment drop of $100 on the 2024 Cadillac Lyriq Tech trim level is still available. Local market leases are also offered on other trims of the all-electric luxury compact crossover, Cadillac’s first EV.
Cadillac Lyriq Incentives
Cadillac Lyriq discount offers in August 2023 are as follows:
- Lease Offer:
- 2024 Lyriq Tech FWD
- $859 per month for 36 months
- Ultra low-mileage lease with 10,000 miles per year
- $4,919 due at signing for current lessees of a 2018 model year or newer vehicle (after all offers)
- $0 security deposit
- Available nationwide
- 2024 Lyriq Sport 3 AWD
- $1,253 per month for 39 months
- Ultra low-mileage lease with 10,000 miles per year
- $6,253 due at signing for current lessees of a 2018 model year or newer vehicle (after all offers)
- $0 security deposit
- Available in the Miami market area
- 2024 Lyriq Tech FWD
The above Cadillac Lyriq discount offers are valid through September 5th, 2023.
Cadillac Lyriq Pricing
For reference, here are the 2024 Cadillac Lyriq trim levels and their corresponding starting MSRPs, which include a destination freight charge of $1,395:
- Tech – $58,590
- Luxury – $62,690
- Sport – $63,190
Introduced for the 2023 model year, the Cadillac Lyriq stands as the luxury marque’s first entry into the budding EV market.
The 2024 Cadillac Lyriq arrives with several important changes and updates. Among these is the introduction of the new Tech and Sport trim levels, with the Luxury trim level slotting between those. All three trim levels (Tech, Luxury, Sport) are available in the U.S. with either rear-wheel or all-wheel drive.
The 2024 Cadillac Lyriq is the first GM vehicle in North America to feature 5G network connectivity, standard on all trim levels. The 2024 Lyriq also gets a new power panoramic dual-panel sunroof along with a newly available Nappa Leather seating package, which is genuine leather made from calfskin or other types of soft cowhide.
Also expected for 2024 is the Cadillac Lyriq-V, which will offer two appearance packages. The Lyriq-V is a performance-focused variant, featuring more aggressive styling and standard all-wheel drive along with upgraded suspension and brakes as well as unique badging.
Regardless of the trim level selected, 2024 Cadillac Lyriq maximum range-per-charge is 314 miles for rear-wheel-drive models, with motor output set at 340 horsepower and 325 pound-feet of torque, and 307 miles for all-wheel-drive models, with motor output set at 500 horsepower and 450 pound-feet of torque. The Cadillac Lyriq-V will be even more powerful than the Lyriq AWD.
The all-electric luxury compact crossover rides on the GM BEV3 platform, while GM Ultium batteries pair with GM Ultium Drive motors for motivation.
The online configurator tool is live for the 2024 Lyriq.
Disclaimers
- Must take delivery by September 5th, 2023, unless specified otherwise.
- See dealer for details.
- Incentive for the United States of America, unless otherwise specified.
- Some customers may not qualify for this Cadillac Lyriq discount offer.
- Residency restrictions apply.
- Offers might not be available with special finance, lease, and some other offers.
- All offers are nationally available, unless noted otherwise.
- Additional discounts may be available in certain markets.
We strive to provide accurate and up-to-date information about the vehicles and their incentives in question, but errors and misprints can happen. In addition, the manufacturer can change incentive information at any time and without notice. Always consult with your dealer regarding color availability information before making purchase decisions. GM Authority is not responsible for any omissions, misprints, or any other errors.
Lyriq News
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2025 Cadillac Lyriq Ambient Lighting Adds 100 New Colors
Even greater opportunity for customization.
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Ya,because the popularity of them is going down.
MUST TAKE DELIVERY BY SEPTEMBER 5TH 2023. I THINK THEY MEANT 2025, SINCE I ORDERED ONE A YEAR AGO AND NO ONE KNOWS WHERE OR WHEN I’M GOING TO GET IT. I SOMETIMES THINK THEY’RE JOKING.
I don’t understand why it is taking you so long for your order. I recently purchased an XT5, so I was at 4 dealerships in the last two months. All of the dealers had Lyriqs on the lot unsold. I hope the union doesn’t strike. You may be waiting a lot longer…..
IF YOU DO THE MATH CORRECTLY AND ADD TAXES YOU CAN ALMOST BUY THE CAR FOR A LITTLE MORE.
⬇️ Yelp
tony:
All of the 2023 Debut Editions were sold out long ago and many orders were rolled over to 2024 models. However, Cadillac for some time has only been producing the lower level trims and in limited colors. Only a few were AWD.
It was only recently that the higher trim levels and white cars went into production. My order of a white Lux2 AWD may eventually be produced in enough numbers that I will get mine. Others still waiting are in a similar situation.
There are Lyriqs sitting on dealer lots because GM clamped down on dealers selling Lyriqs above MSRP that were delivered to the person who originally ordered the car. GM held the dealers in line by threatening to cut future allocations if they got caught.
However, if the person who ordered the car backed out before delivery and there have been many who got tired of GM’s almost total information blackout and moved on, the dealer could add whatever “market adjustment” or outrageously priced add-ons ($200 for nitrogen in the tires) people will pay for.
These cars are mostly the lower trim levels and are not moving, thus the price cut and lease incentives.
Saw this car at the dealership recently. Absolutely beautiful. Build it with a gas engine..I’ll buy one. NEVER WILL I PURCHASE AN ELECTRIC VEHICLE.
EV tech will continually get better. It’s already a better experience than ICE vehicles. Try one!
I did. It wasn’t a better experience. People like you are simply spreading green propaganda, when in fact EVs aren’t really greener. When I buy a green car, it will say “H2 Only” on the gas tank filler.
Saw this car at a Cadillac dealership recently, it’s not only ugly, but super ugly, its rear end reminds me of that $340,000+ super ugly hearse mobile. Are you planning on buying one?
Exactly, I can lease a sport for 55k and change and have nothing at end of lease. Or I can buy it for 8k more and have a car that is mine. Who in their right mind would pay these amounts to lease these?
You’re not considering financing. A lease includes financing. To compare you have to calculate the cost of financing a LYRIC. Interest rates are through the roof now.
The reality is luxury cars depreciate quickly…so the car will worth less than 50% of its MSRP at the end of 3 years regardless of whether you lease or buy.
I’m not saying these lease are a good buy…however you must compare apples to apples.
you only have to consider financing if you plan on financing. Also, the interest rates are leases are nearly double what someone with good credit can get if they finance.
You quickly find the interest rate of a lease by multiplying the money factor by 2400.
Unfortunately, often the money factor is not prominently shown, but it must be on the contract.
Why would anybody lease? You’re paying $55,120 for a suv that costs 62,000. Might as well pay the extra $8000 so you can own it and drive more then 10,000 miles a year. 10,000 miles a year you can’t even enjoy it like you should. The rip off game is real. To pay all that money to really not own it is wild to me.
While I agree it is a total rip, not quite as bad as you suggest. The tech lease is 35.8K for a 58.5K tech. The high lease is for a sport level 3AWD which is more than the base sport msrp they listed. But using the tech because it is probably a base no frills 35.8/58.5 is 61% so a residual of a paltry 39% for a car when turned in has at most 30K miles. Not very good. It should tell everyone to stay away because gm financial thinks the values are going to drop like a stone. I expect EV’s are going to drop quickly as the tech advances quickly. Think about electronics and the throw awayness of stuff like PC’s cell phones, …
Why lease? My wife and I are older and retired. With our RMDs our income is too high to qualify for the $7,500 IRA tax credit.
But if the vehicle is leased, the leasing company gets the tax credit and if you have great credit, most leasing companies pass some or all of that credit through to you to get your business. I would hate to leave that money on the table
All this “leasing deal” amounts to is GM Financial passing through some of that tax credit. I say some because if you read the fine print, GM Financial has raised the residual % so the payment will be lower, but the car will cost you more to buy at the end of the lease in order to get more low mileage trade-ins. GM has a sea of accountants to figure how best to structure the combined price, interest rate and residual to be the most profitable for them.
Remember, GMF is not the only leasing company, it is just the most convenient and most profitable for the. F and I guy.
If my Lux2 ever arrives (now 16 months and counting, with NO info about what year it will be when it might be delivered) I’ll run the numbers and see which is better, buying or leasing and if I can get a third party leasing company to pass through the tax credit. It is my net cost over three years and the cost of possibly buying the car at the end of the lease is that matters.
At this point, battery technology is changing so quickly and other manufacturers have EVs that will be entering the market in the next three years, the Lyriq may not be so attractive.
If your RMD’s are over $300K, you should wait a bit and buy an Escalade IQ!
i mean he is already waiting 16 months for this.. escalade is scheduled for 2025 so thats already another 15 months out, assuming no delays which will happen.
perpetual waitlist
If you buy it on 60 month purchase plan.. easily over 100k that is why, 0% would be 1000 taxes (70-100$),8% would add 335$, all the bs fees plus floor mats and incidental upgrades another 150/month
Leasing is not for everyone ? If you have a couple of vehicles and can monthly expense the vehicle and get the ITC (investment tax credit )
The Lease does pencil ✏️ out . My concern
Is Battery and the solid state coming ie, 750 miles on a charge and 15 minutes to re charge?
Not a Toyota Guy at all ! I’m waiting GM for GM to go solid State and safer Battery ? I travel a lot
And need the distance on the Battery ? If you Drive 50-100 miles a day the standard battery is Amazing!
$1,253 a month for a lease?! How is that possible?
I’m paying $567 a month for a $59,000 Silverado, where are they getting over double the monthly payment from for a car similarly priced to my Silverado?
Friend just bought a 22Silvy-7 yr plan..106k total of payments
So I built a sport AWD level 3 and the price is 75K not the base sport 63K. So 55K/75K is 73% or a residual of 27%. Worse numbers than the tech deal.
Bruce:
The limit to quality is $200,000, not $300,000 and that is easy to do with the move to IRAs rather than pensions for retirement. Plus the longer you work the harder the RMD hits I’m you. The government is going to get the money no matter what you do.
Not sure where you are getting the $200k income limit for electric vehicle credit?
https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after#:~:text=In addition, your modified adjusted,$150,000 for all other filers
“In addition, your modified adjusted gross income (AGI) may not exceed:
$300,000 for married couples filing jointly
$225,000 for heads of households
$150,000 for all other filers”
Sorry. Post COVID brain fog. You are correct I’m wrong. The income limit is $300 K. 😖
There must be no demand for this super ugly vehicle. Any more price drops will result in cancellation of this vehicle which is ok by me.