Lyriq Lease/ $7500 Tax Incentive Question

Ask the Hackrs Buy/Finance
1

Researching the lease of a 2024 Lyriq. Using the supporter calculator I have (possibly) found some insane deals, if I am eligible for specific incentives. For instance; what is the CADILLAC INCREMENTAL CCR PROGRAM FOR RETIRED CTA VEHICLES (EXCL R7T) $2500 ? How do I qualify? The other incentives I know I qualify for and I assuming they are stackable because when I check a box for an incentive, some other incentives will stay highlighted but others will go grey. Does that make sense? My other question is regarding the $7500. Most other EV sites openly advertise the incentive and you are basically taking that amount off the MSRP. On the Lyriq I see some with the incentive and others without. Maybe I am being naïve, but isn’t that a government program that I am entitled to? I know there are restrictions about the battery but thought I read Cadillac solved that. If they do not advertise the $7500 incentive can I still push to have them take that money off the MSRP. I realize they can say no,lol.
Thanks for any help you can provide and any other advice for me when attempting this lease.
Thanks again,
Jack

2

The tax credit goes to whomever buys the car. With a lease, that is the bank, not you. They can pass on as much or as little as they want.

You may want to read that thread.

3

Thanks for the advice and link, very helpful! When I stated “I an entitled to”, referring to the $7500 rebate, I understood the bank receives the money on a lease. I was referring to the fact that I should receive benefit of the $7500 somewhere along the line. The link explains the Lyriq’s 83% residual though!
Do you have any advice regarding the first part of my question, regarding the stackable incentives? As I said, when I use the calculator tool it lists the incentives. As I select one some go grey and others remain highlighted. I’m assuming that means they are able to be used together.
Thanks again!

4

Yes some incentives can be used together aka they are stackable.

If they are conditional, such as loyalty, conquest, military, etc etc you must be eligible for them.

5

Thank you!