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Cadillac’s new Optiq EV arrives as the brands cheapest SUV to lease at under $500 a month

The Optiq is Cadillac’s new entry-level electric SUV. Starting under $500 a month, it is also the cheapest Cadillac SUV you can lease right now.

Cadillac Optiq arrives as its cheapest SUV to lease

Compared to the larger Escalade IQ, starting at nearly $130,000, the Optiq already looks like a good deal, with starting prices half that at under $55,000.

According to a note sent to dealers this week (via CarsDirect), 2025 Cadillac Optiq lease prices will start at just $489 per month, making it the cheapest Cadillac SUV available for lease.

The Optiq Luxury AWD trim is listed for $489 for 36 months and 10,000 miles per year. With $4,779 due at signing, the monthly effective cost is roughly $622.

In comparison, the 2025 Cadillac XT4 Premium Luxury is available for $549 per month, with $4,119 due at signing. With an effective rate of $663, the Optiq is still the better deal despite being around $12,400 more expensive. Even the electric Lyriq is listed at $569 per month with $4,889 due upfront, or $705 per month.

Cadillac-Optiq-cheapest-lease
Cadillac Optiq EV (Source: Cadillac)

At 190″ long, 84″ wide (with mirrors), and 65″ tall, the Cadillac Optiq is about the size of a Tesla Model Y (187″ long x 76″ wide x 64″ tall).

Meet the new entry-level EV

Despite its smaller size (compared to the Escalade), the Optiq still has that premium Cadillac feel with advanced tech and “several segment-leading features.”

With a slightly shorter (6″) wheelbase than the Lyriq, the Optiq has a more sporty, agile drive. According to GM’s chief engineer, John Cockburn, “The Ultium Platform allows us to fit enough muscle into a smaller package to provide a thrilling performance.”

Cadillac-OPTIQ-EV
Cadillac OPTIQ EV (Source: Cadillac)

With an 85 kWh battery pack, the Optiq has a driving range of up to 302 miles. It can also gain up to 79 miles in 10 minutes with DC fast charging.

Inside, the entry-level SUV features a 33″ LED infotainment screen with 9K resolution, Super Cruise as standard, and “segment-leading” cargo and second-row space.

Cadillac-Optiq-EV-interior
Cadillac Optiq interior (Source: Cadillac)

The Optiq is available in four trims: Luxury 1 or 2 and Sport 1 or 2, starting at $54,390. The top-of-the-line Sport 2 AWD model starts at $57,090. All models are AWD and have a range of up to 302 miles.

2025 Cadillac Optiq trimStarting Price
(including destination)
Driving Range
(EPA-estimated)
Luxury 1$54,390302 miles
Luxury 2$56,590302 miles
Sport 1$54,990302 miles
Sport 2$57,090302 miles
2025 Cadillac Optiq price and range by trim

Cadillac’s new entry-level electric SUV will spearhead the luxury brand’s overseas expansion. The Optiq will be sold in ten regions, including Europe.

Although the Optiq is a good deal compared to other Cadillac models, it’s not so great compared to luxury rivals. For example, the 2024 Acura ZDX is listed at just $299 for 24 months in some places. With only $2,999 due at signing, the effective monthly rate is just $424.

Are you ready for your next luxury electric SUV? We can help you get started. Check out our links below for deals on popular luxury electric SUVs in your area today.

FTC: We use income earning auto affiliate links. More.

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Avatar for Peter Johnson Peter Johnson

Peter Johnson is covering the auto industry’s step-by-step transformation to electric vehicles. He is an experienced investor, financial writer, and EV enthusiast. His enthusiasm for electric vehicles, primarily Tesla, is a significant reason he pursued a career in investments. If he isn’t telling you about his latest 10K findings, you can find him enjoying the outdoors or exercising

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