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PHOTO CAPTION: Cadillac ELR will run leessees $699 a month, plus a $5,999 deposit.

Cadillac ELR Lease Terms Announced

Full cost of the 39-month, 32,500 mile lease will total a whopping $33,260 , plus 25¢ per additional mile.

Published: 21-Jan-2014

In response to the overwhelmingly negative reaction to the Cadillac ELR’s price tag of $75,000, General Motors has decided to offer those interested in the plug-in hybrid an ‘ultra-low mileage lease’.

The 39-month deal requires a $5,999 deposit and monthly payments of $699. Current owners of anything from General Motors, however, can pay a discounted deposit of $4,999.

It means that those who stay within the mileage limit will pay a total of $33,260, although a miserly total mileage limit of just 32,500 miles and a high charge of 25¢ per additional mile means that most will pay more. Could you manage a weekly average of 208 miles or less?

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