3 Stunning Benefits of Leasing Cadillac EV SUVs

November 10th, 2021 by
If you are looking to drive the latest technology in electric vehicles, you might be looking at leasing. Here we look at the benefits of leasing Cadillac EVs.

Did you know an electric vehicle (EV) would only cost $1 in energy to travel the same distance as a gallon of gas, which now averages over $3? If you’re looking to try out an electric car, you will want to look at the difference between leasing vs. buying.

There are many benefits to electric cars, and you can lease them instead of buying them to try them out for a bit before for making a large purchase. Keep reading and we will guide you through the three stunning benefits of leasing Cadillac EVs so you can choose the right SUV for you.

1. Benefits of Electric Vehicles

If you lease a Cadillac EV SUV, you are able to experience all the benefits electric vehicles have to offer. Electric vehicles can help improve our fuel economy, decrease fuel costs, and reduce emissions.

When you’re buying an EV, you will find that they use less gas than traditional cars because they have batteries that can be powered by electricity. In 2021, there are 43,000 public EV charging stations and about 120,000 charging ports in the U.S.

The new Cadillac EV SUVs are very similar when compared to competing EVs SUVs. They have the same interior design characteristics, charging system, and riding and handling characteristics.

It may seem that an electric vehicle costs more upfront than a traditional car, however, you will save money on gas, receive an electric vehicle tax credit, and there are additional state and utility incentives.

You need to look at your state’s qualifications for the tax credit, but you could receive anywhere between about $2,500 – $7,500.

EVs can greatly decrease fuel costs because of how efficient the electric-drive components are. It may feel like an adjustment having to charge your car, but it will pay off in the long run.

When you’re leasing an EV, you will be able to test out almost all of these great benefits and see if you like it enough to buy one.

2. Options for Cadillac EVs

Cadillac EVs are coming out with two types of SUVs that include the Cadillac Lyriq and Cadillac Celestiq. We are going to go through the differences between the two so you can figure out which one better fits your lifestyle.

Cadillac Lyriq

The Lyriq is Cadillac’s first EV. It can go up to 60 mph in under 5 seconds and is expected to last 300 miles on a full charge. You can choose from two colors: steel metallic and black metallic.

There is a 19-speaker AKG audio system that allows you to listen to music or a podcast at full blast. There is also semi-autonomous technology that allows for hands-free driving under specific conditions.

The Cadillac Lyriq offers automatic lane change capability and uses a Level 2 charger for your home.

This new charger will double what standard home chargers deliver today. It uses one-pedal driving technology that starts to brake when you take your foot off the accelerator.

This braking process helps charge the car’s batteries. These great features could be yours if decide on this model.

Cadillac Celestiq

The Cadillac Celestiq is a family car with two rows of seats. It has a huge dashboard with all-wheel drive. The battery should last about 300-miles.

There is a luxurious cabin with a lot of trunk space. There are touch screens throughout the back that allow for everyone to experience movies, TV, and music.

The semi-autonomous technology will include emergency braking when a person is detected, lane-departure warning, and cruise control with a self-driving mode under certain situations.

You can weigh your options if you need to use it as a family car or for moving things or traveling on the road.

3. Buying vs. Leasing

One of the main differences between buying and leasing is that when you buy a car you have to make monthly payments, but when they’re over you own the car.

When you lease a car, you typically have lower monthly payments, but once your contract is over you have to give back the car and get a new one. You can extend your lease, depending on how you set up your contract.

When you rent an EV, you can do anywhere between a two and four-year contract. This allows you to drive the most recent models without owning them.

In comparison to traditional cars, EVs allow you to rent the latest technology. EVs can depreciate faster, but because you’re leasing the car it’s not on you to sell it after the lease is up. And you will benefit from the lower price.

The leasing company will likely receive a tax credit for renting out EVs and you can benefit from this by getting a lower price. Other benefits of leasing include a smaller down payment, no maintenance, and the ability to afford a more expensive car.

Start Your Lease

Now that you know the three benefits of leasing Cadillac EVs, you can find the SUV that fits your lifestyle and take it for test drives.

Start researching Cadillac EV leases or contact Huber Cadillac at (402) 238-1729 to get more information on Cadillac EVs and how their leasing process works.