The Cadillac Lyriq has just recorded its highest sales quarter since its debut, and now you have the opportunity to benefit from a noteworthy discounted lease for this electric vehicle (EV). How significant is the discount? Try 50% off. Furthermore, there are no complicated terms to navigate.
Currently, the Manufacturer’s Suggested Retail Price (MSRP) for the 2024 Lyriq Tech rear-wheel-drive model stands at $58,590, including a destination charge of $1,395. As reported by CarsDirect, a three-year lease for this configuration is now available for $336 per month. With an upfront payment of $4,969, the total monthly expense comes to $477. This reflects a reduction of about $100 since June and over $500 in year-over-year savings, making it an excellent deal.
Last summer, leasing the same Lyriq would have set you back $859 per month, plus $4,919 at signing, amounting to a total payment of $996. This represents a drop of $519—or 52%—in price. According to CarsDirect, this is the lowest leasing rate ever offered for the Lyriq. In fact, the current lease for a new Lyriq is cheaper than that of a Chevy Blazer EV. For instance, the Blazer 2LT trim costs $516 per month, despite having an MSRP nearly $8,400 lower than that of the Lyriq.
Cadillac is also offering additional incentives for those looking to lease. These include $1,000 for down payment assistance, low-interest financing starting at 2.9%, and an enticing unadvertised promotion that adds $3,000 for new customers switching from other EV brands.
As previously mentioned, the Cadillac Lyriq is gaining traction as a popular EV SUV. As one of the fastest-growing electric vehicles on the market, its sales in the second quarter increased by 26% compared to the first quarter. Cadillac reports that the Lyriq outsold all EVs from European competitors during the first half of the year. Its year-over-year sales surged over fourfold in Q2, totaling 7,294 units, which marks a staggering 441.1% increase. This current lease offer will be available until July 31 or until supplies last, given the current sales pace.
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