The Cadillac Lyriq is one of the more compelling EVs to hit the market recently and interested buyers in the U.S. will be pleased to know that a tempting new lease deal has been introduced for it.
A bulletin recently sent to Cadillac dealers reveals that Lyriq lease prices have been cut by $7,500 through a ‘residual value lease support’ program when leased through GM Financial. However, it is worth noting that Cadillac has jacked up Lyriq residual values to introduce this $7,500 discount.
Read: Cadillac Targets Tesla Owners With Lyriq Test Drives At Supercharger Stations
The Lyriq is now a compelling EV regardless of whether shoppers want to buy it or lease it. As it is built in the U.S., those looking to purchase it outright will receive a $7,500 federal EV tax credit. It had previously not been available with the same $7,500 lease cash deal as some rivals but that has now changed. Cars Direct notes that prior to the lease deal being introduced, the Lyriq was available to lease for $959 each month for 36 months plus an additional $4,969 due at signing.
Found beneath the skin of all Cadillac Lyriq models is a 102 kWh lithium-ion battery pack that drives an electric motor at the rear axle with 340 hp and 325 lb-ft (440 Nm) of torque in standard form. Those seeking some extra performance can opt for the all-wheel drive version that packs 503 hp and 524 lb-ft (710 Nm) of torque. In February, the Lyriq was updated for the 2024 model year and the range of the rear-wheel drive model now sits at 308 miles (495 km) instead of 312 miles (502 km) while the all-wheel drive model has a range of 307 miles (494 km).
The 2024 Cadillac Lyriq is available in Tech, Luxury, and Sport configurations.
