I’m located in Michigan and looking to lease a Lyriq. I was looking for a basic tech deal with 15k/24 0 down and keep getting quoted close to $800 a month. I’ve asked about where the $7500 was and they keep claiming it was already included so I’m trying to understand where the $7500 incentive goes…

Every dealer will quote with the rebate included, wouldn’t make sense to not use it on a lease quote You dont have to verify with paperwork, if they gave you a lousy quote then move on. Its a fantasy to think that the dealer is going to add the $7500 last minute and drop the payment drastically fro…

The residual is designed so that you’re getting the benefit of the $7500 This is why the residuals on those cars are so high and they’re able to be leased for such a good price GM originally tried to claim the residual about 56% and then they would have the dealer add $7500 to the residual and cal…

Cadillac is no longer giving the $7500 towards the Lyriq?

Thank you for that detailed explanation. Makes much more sense.

They do, on finance. And as RV bump on leases.

One benefit of the residual bump in lieu of an equivalent cash incentive is that you save on upfront taxes on incentives. With some vehicles having ~$10K in rebates and incentives, that could be ~$1,000 extra in drive-offs depending on your tax rate. The downside of course is that if you exercise y…

[image] michael: The downside of course is that if you exercise your lease-end purchase option, the price you’ll pay is inflated. Or allocate a portion of the 7500 to CCR and use the balance to pay lease inception fees so that DAS = 0 or DAS = 1st pay. Only that portion of the 7500 used as th…

Fortunately, there are other incentives available on lyriq leases that can serve that purpose.

He was talking about scenario where there is no $7,500 rebate, hence there is nothing to allocate anywhere [image] michael: One benefit of the residual bump in lieu of an equivalent cash incentive is

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Where does the $7500 incentive go?

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mllcb42 June 14, 2024, 10:00pm 3

Cadillac uses their ev credit to boost the rv. There is no $7500 incentive on the Lyriq.

Lyriq Lease/ $7500 Tax Incentive Question