Car: 2024 Cadillac Lyriq Luxury 1 RWD in Metallic Black, Loaner with 2,438 miles.
Term: 24mo/10k miles per year
Pricing Deal Breakdown:
Vehicle MSRP: $63,315
Sales Price: $56,815 (Around 10.25% off MSRP)
RV: 74%
MF: 0.001548
-$3,000 Conquest (Ford Maverick)
-$1,000 Costco Member
-$2,500 Loaner Vehicle
($6,500 in total rebates)
Payment:
$388.45 DAS (1st months)
$388.45 per/mo (taxes rolled in)
Total for 24 months: $9,322.80
My dad’s credit score is at a tier 2 so we weren’t able to get the best MF. Overall, I feel like did ok when comparing the deal to other signed deals in Texas.
I just checked out some sports and the RV does seem to be about 5% higher. I should have dug a bit deeper and it will definitely be something to keep in mind next time.
Thank you! We got our vehicle from Lawrence Hall Cadillac in Abilene but they don’t have anymore loaner vehicles available. If you’re in the Houston area, I would check with Big Star to see if they’d be willing to play ball on a sport 1 as Ratskin mentioned above.
I am new to this. I see your discounted sales price was $6,500 off MSRP. Was all of that discount due to the rebates that were $6,500? Or was it $6500 discount from dealer & then another $6500 in rebates? Thanks
It was 6.5k negotiated on the sales price of the vehicle plus the 6.5k in rebates (technically 13k in total).
For RV and MF I would highly recommend using Rate Findr as that’s what I used to figure out my baselines.
For the Sport 1 Trim as of right now, the base RV is showing 79% and the MF is showing 0.0015 for a 24/10k lease in my post code (not 100% sure if it would affect it).
The way that I went about negotiating the deal was:
Ask for a discount on the sales price ($63,315 MSRP, listed for $58,815 so roughly $4,500 discounted by the dealer right off the bat). I initially asked for $55,315 but they just immediately shut it down.
I told them all of the rebates that I 100% qualify for and might qualify for so that they can consider it in the deal.
Negotiated the MF as they marked it up by roughly 0.0002ish.
The dealer was looking to move the unit and were willing to play ball which is definitely a YMMV-type situation so that helped out a lot as well. If you’re in the Houston area, you would likely need to expand the search past Houston as BayWay (South West) charges 3k in non-negotiable add-ons and it seems like Big Star does the same.
From what I understand, it doesn’t directly apply to leased vehicles (at least not in Texas). I was told from another dealer that they technically add it into the RV/MF in order for it to be more attractive.
