Deal Alert! How to Lease a Cadillac LYRIQ for $399/Month with $0 Down + TTL
Image Source: Cadillac Pressroom
Cadillac just released amazing 24-month lease programs for the 2024 LYRIQ valid through June 3, 2024.
We ran the numbers, and it’s possible to lease a base 2024 Cadillac LYRIQ Tech RWD for $399 per month with $0 down! Here’s how.
First, you must currently own or lease a competitive luxury car to get a $3,000 conquest incentive. It must be a 2010 or newer Audi, BMW, Ford, Genesis, Lexus, Lincoln, Mercedes-Benz, Polestar, Rivian, Tesla, or Volvo.
Second, you must have been a Costco member by April 30, 2024, to get an additional $1,000 Costco member-only incentive.
Third, you must live in a qualifying region for the $2,000 Select Market Incremental Capitalized Cost Reduction (CCR) incentive. Most regions, from California to New York, offer this additional incentive. Use Rate Findr to confirm incentives for your ZIP code. This incentive is on top of the $2,000 Incremental CCR incentive offered in all regions.
Finally, this deal assumes a zero-option LYRIQ Tech RWD with a $58,590 MSRP and 1.3% off MSRP ($770 discount) for a selling price of $57,820. If you are able to negotiate a lower selling price, then your lease will be even cheaper. Conversely, if the selling price is higher, or you go for a model with more options, then the lease will be more than $399 per month.
Here’s a sample 10,000 mile/year 2024 Cadillac LYRIQ Tech lease deal on the Leasehackr Calculator with sales tax and fees included, assuming Los Angeles County registration and all of the above criteria met. It translates to $437 per month after tax with $2,767 due at signing ($0 down payment plus first month’s payment, registration fee, document fee, acquisition fee, and upfront taxes on rebates).
Aside from the stackable incentives, this 24-month LYRIQ Tech lease deal is so strong because of an extremely high residual value of 80% on RWD models and 83% on AWD models assuming 10,000 miles per year. The Luxury and Sport trims of LYRIQ have a lower residual value and will be more expensive to lease.
Cadillac LYRIQ is an eye-catching, all-electric luxury SUV with a generous 314-mile range. It offers a beautiful interior, relaxed driving demeanor, and adequate DC fast charging performance. Competitors include Audi Q8 e-tron, BMW iX, Genesis GV70 Electrified, Mercedes EQE SUV, and Tesla Model Y and Model X, as well as combustion vehicles such as BMW X5 and Lexus RX.
To calculate your own 2024 Cadillac LYRIQ lease deal using accurate incentive, residual value, and money factor data for your ZIP and desired trim level, use our Supporter Calculator with Rate Findr.
Want to learn more? Discuss this LYRIQ deal on Leasehackr Forum!