2014 cadillac elr lease infoMost Autoblog readers thought the $75,000 price tag on the 2014 Cadillac ELR was too high. If you can't swing the MSRP all in one go, how does a lease price of $699 a month sound? That's the amount that Cadillac is offering on the official ELR website, with some caveats, of course.

First off, it appears that this lease price is for just for "current owners and lessees of all 1999 or newer GM vehicles." They will also have to pony up $4,999 at signing (all others will need $5,999). Second, the $699-a-month price is for a 39-month lease. Then, of course, "tax, title, license, dealer fees and optional equipment [are] extra" and "each dealer sets own price." Also, it appears that this lease deal is only good until the end of January. Cadillac started shipping the ELR plug-in hybrid coupe to dealers last month.

There are two things to note in the fine print. The most surprising is that the payments are based on "a 2014 Cadillac ELR with an MSRP of $76,000." That's $1,000 more than the official MSRP announced in October. Then we get to the real kicker: The lease limits you to a mere 32,500 miles, which is just 833.3 miles a month. Well, 'limit' isn't the exact word, since you can certainly drive more. All you have to do is pay 25 cents per mile for each mile over 32,500. Drive the national average of 13,476 miles in a year? That comes to 43,797 miles over 39 months, which is 11,297 extra miles and an extra $2,824.25.


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  • 91 Comments
      2 wheeled menace
      • 11 Months Ago
      $76,000 for that? ... it would make the ELR Cadillac's expensive car on offer. It's basically a Chevy Volt with a different body and interior ( still front wheel drive ). What are they smoking? A low end Model S is a much better deal.
      Spec
      • 11 Months Ago
      No thanks.
      mikeybyte1
      • 11 Months Ago
      GM has stated from day one that they intended the ELR to sell in very limited numbers. That is why they have priced it so high. So people should not be shocked or complaining. Had they said they wanted the ELR to be a big seller and rock the luxury world with it's high MPG, etc., then we would be looking at an ELR that started at $55k or something like that. What I don't understand is why GM does not want to advance the Voltec powertrain. I understand it is very expensive, but both the Volt and now the ELR are considered pricey in their markets. And the prices are not dropping. And they are not adding different versions - like a Voltec powered CUV or 2 seater or something like that. The whole "extended range electric" concept is great and innovative but GM just is not pushing ahead with it. They seem to be moving too slowly.
        m_2012
        • 1 Day Ago
        @mikeybyte1
        They are going to sell in very limited numbers alright, probably about 1/2 of production before they put $20K on the hoods. By summer, these will have $20K rebate, and even then its going to be a tough sell.
        jeff
        • 1 Day Ago
        @mikeybyte1
        Yep, it is the "Go Away" price from GM...
      Aaron
      • 1 Day Ago
      @MarcoPolo: This car uses Voltec 1.0 technology. It's a plug-in hybrid like the Volt. GM made Voltec far more complex than it needed to be by adding the three-clutch system. If they kept the ICE isolated from the drivetrain and simplified things (albeit -- according to GM -- at the loss of a bit of efficiency at higher speeds), they would have a true EREV. It would have been simpler, fewer parts to fail, and less weight.
      m_2012
      • 1 Day Ago
      After actually looking at the configurator, HOLY $H!T! $900+ a month for a small and slow 2 door you still have to maintain, service, and put gas in like a regular ICE! I imagine the insurance is 2x a Volt also. I can get a Tesla AND a small commuter car for this kind of money! Holy mega fail! $85K plus dealer markup. Insane. I am taking squares on the date for the next bailout.
      VL00
      • 1 Day Ago
      "Come on, there is no reason to think the 4 cylinder will be loud." 2 Reasons: I own a Volt, and every review points out the droning sound. Nuff said.
      Rotation
      • 1 Day Ago
      CaptTesla: So what? Ever looked in the back of a Porsche? They still sell. VL00: You may be right. Or maybe it's for those for whom a Tesla isn't practical or desired. Tesla's Supercharger network is great, but it doesn't cover as many use cases as gas does and it doesn't cover most of the country at all right now.
      scraejtp
      • 1 Day Ago
      @Aaron Now that you mention, they could have made it simpler, less parts to break, and lighter if they didn't include the electric motor. Of course it would have been less efficient like you mentioned. The extra clutches in the planetary gearset add little complexity/weight but add efficiency. The only reason to not include it is so that purists could call it a 'true' EREV, and a little less tuning/calibration work for the direct drive.
      JanP
      • 1 Day Ago
      As usual, the advertized price is a marketing gimmick.
      • 1 Day Ago
      Autoweek said this was just a Chevy Volt with nice furniture.
        VL00
        • 1 Day Ago
        Every review is negative - the car isn't good enough to justify the price.
      Sasparilla Fizz
      • 1 Day Ago
      Holy cow, good luck selling these things….there'll be some folks who have to have one at launch but after that - its just such a rip off compared to a Tesla or a Volt. Man GM, talk about making sure you have a mid to long term sales failure on your hands…yikes! This is what I would expect of the old GM (the one that sold the NiMH battery patents to an oil company) to do if they brought a plug in out.
      EZEE2
      • 11 Months Ago
      I am not going to say how GM is a mean horrible car company for doing this, but, I think it is t very smart. Here is why: The Volt, at $35,000, is not cheap, but does not look nor feel cheep. The Prius C is a low end, cheap car. The interior is cheap, it is small, and performance is adequate. It also base prices at $19k. The volt has a nice interior, nice design, nice layout, etc. It is not a cheap car, nor does it come off as such. The ELR is a beautiful car, and worthy of a higher price point than the volt. But, $75,000? What does the buyer get for more than twice the price? Some people may want the nicer feel, some may want exclusive, but this much? One has to realize that it will be rich people that buy this. How do people get rich? Normally, not by being stupid with their money. Now, some new rich like to go nuts (sports figures, singers, etc), as do some old rich (Paris Hilton). But largely, the rich knew how they got rich, so I doubt they will be buying this. A friend of mine who owns a cable company and has as stunning wife (oddly he wants to share her with me - no, I don't seek these people out, I just meet 'interesting' people) has a volt, so I asked him about the ELR. He just laughed at it. His volt has everything he wants, wife loves it, and they have no intention of even looking at the ELR. Oh - he loves the volt, hyper miles it, talks a out it all the time. Volt owners are like people that own apple products, do P90X, or Cross Fit. You may not be away of what they own/do, but give them 5 minutes and they will ultimately tell you.
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