Signed this week: 2024 Cadillac Lyriq Luxury 1 AWD Loaner w/ 8xx miles.
24m/10k
I reached out to all dealers within 250 miles or so with an aggressive-ish but fair offer. I got ignored, responses saying “no way we can get close to that”, “good luck finding that”, counter offers being $500+/m, etc. Found a couple dealers willing to deal and 1 very friendly dealer willing to work with me.
Breakdown:
MSRP: 66190
Pre incentive: 61900 (6.5% MSRP discount, could have pushed harder but '24 Loaners are getting scarce and I was fine with this for a lower MSRP, lower end Lux 1)
This was one of my main questions with dealers. I didn’t ask every dealer because most were unreasonable out of the gate, but the 7 or so that did talk to me in a normal manner all confirmed that the lease STARTS at the mileage at signing. The dealer I bought from confirmed this as well.
Section 8 does not make mention of this though. I’m under the impression it is based on the odometer reading in the lease deal itself. FWIW, I wont come anywhere close to the 20k total miles so it’s moot for me, but you’re right in that it is an important aspect since some loaners have way more miles.