GM Is Throwing Cash at Cadillac Lyriq Buyers This Week

General Motors wants the Cadillac Lyriq off dealer lots, and they're willing to pay you to make it happen. As of today, GM is offering up to $7,500 in combined customer cash and financing discounts on the 2026 Lyriq, the biggest incentive package we've seen on this EV since it launched.

This is a clear reaction to two pressures. First, Lyriq inventory has climbed to a 98-day supply nationally, nearly double the 50-day benchmark that signals healthy turnover. Second, Tesla dropped Model Y prices by another $3,000 two weeks ago, putting the Long Range variant within $2,000 of a comparably equipped Lyriq after incentives.

What the deal actually looks like

You can grab $5,000 in straight customer cash on any Lyriq trim, stackable with 2.9% APR financing for 60 months (worth roughly $2,500 in interest savings versus current market rates). That's the full $7,500. Leases get $4,500 knocked off the cap cost, which translates to about $125 less per month on a typical 36-month term.

The catch: these offers expire July 8, and they don't stack with the federal EV tax credit if you're buying. You have to choose one or the other. For most buyers in the phase-out income range, GM's cash is the better move right now.

Our take: if you've been circling the Lyriq, this is your window. The vehicle itself is excellent, genuinely competitive with the German luxury EVs at $15,000 less. But don't wait until July 4th weekend when everyone else figures this out. Dealers still have decent selection today, but popular colors in the mid-spec Luxury 2 trim are already thinning in metro markets.

Check market pulse for how this fits into the broader EV pricing war playing out this summer.