The Cadillac Lyriq just got a lot more affordable after lease prices drop by $115 a month

Cadillac’s luxury electric SUV is suddenly pretty affordable. The Cadillac Lyriq saw the biggest price drops this fall, with lease prices down $115 a month since October.

Cadillac Lyriq lease prices drop in November

It’s been three and a half years since the first Lyriq models for customers rolled off the production line at GM’s Spring Hill, Tennessee, assembly plant, kicking off a new era for Cadillac as its first all-electric vehicle.

Through the first three quarters of 2025, it was the second-best-selling luxury EV and has helped put Cadillac on pace for its best sales year since 2013.

To keep the momentum going, Cadillac is offering 2025 Lyriq leases starting at $419 per month this November. The deal is for a 24-month lease, with $4,799 due at signing, for an effective monthly cost of $619.

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According to online auto research firm CarsDirect, that’s a $115 price drop from last month, among the largest of any vehicle in the US.

The deal includes a $2,000 competitive cash allowance for Tesla, Rivian, Polestar, Ford, Honda, Hyundai, Genesis, BMW, Audi, Mercedes-Benz, and other competitive brand owners and lessees.

The 2025 Cadillac Lyriq 1 AWD offers an EPA-estimated 319 miles of range and boasts a massive curved 33″ digital infotainment screen with wireless Apple CarPlay and Android Auto.

Cadillac now offers a complete lineup of electric SUVs, including the entry-level Optiq, midsize Lyriq, and larger Vistiq and Escalade IQ.

Outside of the Escalade IQ, Cadillac is offering the $2,000 competitive cash allowance across its entire EV lineup. If you’re looking for a cheaper option, the 2026 Cadillac Optiq is available to lease for as low as $319 per month. To take advantage of the deals, you must take delivery by January 2, 2026.

Ready to test drive one to experience it for yourself? You can use our links below to see available Cadillac electric SUVs in your area.