Signed: Lyriq Luxury I AWD, $385/24/15k/$0DAS

Signed Deals & Tips
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  1. 2024 Cadillac Lyriq Luxury I AWD
  2. MSRP: $68,XXX
  3. Loaner demo w/ 1,089 miles
  4. 24 months/15k miles per year
  5. $385 (Total monthly $419 includes 9% PA lease tax)
  6. Total DAS $0 true sign and drive
  7. Qualifying rebates: Costco, Educator, Conquest
  8. Bonus: Two free years of EVGo charging
  9. Bonus: $75 Amazon gift card for the “test drive”.
  10. Bonus: $134 worth of my GM Rewards points (can be applied towards future lease payments).
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Congrats!! Hey is there a way to find loaner vehicles online?

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I just stumbled across this one because the dealer mentioned it to me… it wasn’t listed on the inventory on their website.

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Gotcha thanks.

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You will have to call around and ask. I think loaners are more common than people realize but they are not listed online and the mileage limit is very low before they get punched out and can’t be leased.

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Do you happen to know how demo lyriq affects RV? I found a demo with 6000 miles, and curious about how RV changes before I make an offer.

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According to the lease calculator, for Cadillac there is no residual change and not even a place to put in your mileage on demo cars. I do believe there is an additional Cap Cost Reduction for retired loaners.

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Did you confirm that car is actually leasable? My local dealer told me they punch their loaners at 1200 miles

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Apparently it is leasable but not going to deal with that dealership. they came up with $2000 dealer discount with 1499 adds on and claim that’s the best they can do for a loaner with 6000 miles lol. Going to give a shot at the different dealer next Monday, then if it does not work out I will just probably going to reach out to broker

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That color fits your lyriq very well. Congrats.

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I find it interesting on my last few EV deals how close the capitalized cost is to the residual value at the end. I do wonder what would happen if the capitalized cost falls lower than the residual value. Is a negative payment possible? Hahaha. Essentially all of the payment goes to interest/rent charge.

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I believe the rebate breakdown was as follows:

  1. $3000 conquest.
  2. $1000 Costco.
  3. $500 educator.
  4. $2000 CCR/regional or vin specific rebate.
  5. $2500 loaner/demo CCR.
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this happened to me. I should be getting my car delivered tomorrow and will post mine on signed. Anyways RV was less than the cap cost that dealer just decreased discount to make RV=cap cost.

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I’m thinking if I would’ve had fewer than 15,000 miles per year, same thing would’ve happened. At 10 or 12,000 miles I think the residual value would’ve been higher than the capitalized cost.

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I had a lyriq deal with a negative depreciation. I could have paid more to make it fund, but I was able to get the dealer to work with GM to figure out how to do single pay leases instead

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What was the discounted price off MSRP before the rebates? Unless I missed it, I didn’t see that on the lease contract. I’m looking at a dealer demo tomorrow and wanted to know where I should push them to.

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It’s in the lease contract if you look again…
Msrp 68,025
Agreed upon value 62,445

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I did see that but thought it was including something else. They took $5500 off the MSRP :joy:

I seriously doubt I’ll get this dealer to go that low but I guess we will find out.