Lease check Cadillac Lyriq Tech 1

Ask the Hackrs Buy/Finance
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1

First time poster and first time leasing. Please let me know if should change format or am not follow general policy.

Looking to lease a Lyriq tech awd in MI. I don’t believe I qualify for any additional rebates. I am planning to try to get the MF reduced as this seems to be high. Current auto loan rates in MI for my credit score range 5.5-7%. What else am I missing?

Thanks for any advice in advance

Msrp: 64,865
Msrp after discount : 63,365 (1500)
Residual: 53,189 (82%)
Rebate- 5000 (2000 ev lease and 3000 competitive vehicle). No costco, no first responder
Down payment: 0
fees and taxes ~1300
MF - I believe is .0037 (8.88%). Determined with leasehackr calculator
Term: 24mo and 12,000 mi per
Monthly payment: $666

2

Is this a deal you’re targeting or a quote from a dealership?

Based on Rate Findr, the base MF for LYRIQ Tech AWD is .00269, not .00370. There’s also an additional $2,000 in Select Market CCR for the Detroit area. Both will significantly lower the lease payment.

3

Quote, I will look at the Detroit dealerships to check their inventory. Thanks