2024 Cadillac Lyriq Now Available With A $7,500 Lease Discount
For those looking to buy the 2024 Cadillac Lyriq, it is also offered with the $7,500 EV tax credit
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.
