Cadillac’s New Optiq Is Just $83 Cheaper To Lease Per Month Than The Larger Lyriq

While cheaper than the Lyriq, the Optiq is still pricey at $489 per month with $4,799 down, bringing the effective monthly payment to $622

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The 2025 Cadillac Optiq is now available to lease in the U.S., offering a more affordable entry point into Cadillac’s EV lineup than its larger sibling, the Lyriq. But Cadillac isn’t just looking to compete with itself, as the Optiq’s lease pricing also makes it a compelling alternative to the class-leading Tesla Model Y. So, is this the luxury EV lease deal you’ve been waiting for, or should you keep shopping?

The automaker has announced that the 2025 Optiq is available to lease for $489 per month for 36 months / 10,000 miles, with $4,779 due at signing, based on its MSRP of $54,390 with delivery. This works out to an effective $622 per month before taxes and fees. That’s expensive compared to some recent leasing deals for other EVs and only marginally cheaper than the 2025 Lyriq, which commands $569 per month for 36 months with $4,889 due at signing, equating to $705 per month.

Of course, we’ll remind you that putting money down on a lease isn’t always the smartest move, but those are the manufacturer’s numbers, and they’re a starting point for negotiation.

Read: 2025 Cadillac Optiq Starts At Pricey $52,895 But Should Get Full EV Tax Credit

How does the electric Cadillac compare to the Tesla Model Y? Well, Tesla has only released leasing details for one version of its updated ‘Juniper’ model, named the Long Range All-Wheel Drive Launch Series. It’s available for $699 per month on a 36-month lease, with $2,999 down, which works out to an effective $782 per month. If you match the downpayment to the $4,779 required for the Optiq, the monthly payment drops to $642, or $774 when factoring in the upfront cost.

If the new Model Y feels too expensive, Tesla still offers the pre-facelift Long Range All-Wheel Drive model for $346 per month on a 36-month lease, with $4,779 down, a deal that significantly undercuts the Optiq. That said, the Cadillac does seem to offer a more premium and luxurious experience compared to the Model Y’s minimalist approach.

A More Affordable Alternative?

For those looking to lease an EV without breaking the bank, there are even cheaper options. CarsDirect points out out that in some regions, the GM-based 2024 Acura ZDX can be leased for just $299 per month for 24 months with $2,999 down. That brings the effective monthly cost to $424 before taxes and fees, making it nearly $200 cheaper per month than the Optiq. We’ve also seen even better deals being discussed on Leashackr, with some lessees reporting offers as low as $265 per month for 24 months with a 7,000-mile annual limit and just $2,000 due at signing.

All versions of the Cadillac Optiq have an 85 kWh battery pack and two electric motors with 300 hp and 354 lb-ft (479 Nm) of torque. Cadillac quotes a driving range of 300 miles (483 km) for the Optiq, slightly down on the 320 miles (515 km) of the new Model Y Launch Series.