Time to make a move?
Cadillac is set to reveal its next-generation Escalade next month at a posh event in Beverly Hills, California. Based on the leaked images we've seen, the fifth-generation full-size luxury SUV is set to receive a massive interior overhaul with an industry-first 38-inch curved OLED screen. It will have twice the pixel density of a 4K television, just to give you an idea as to its clarity. No doubt it'll be stunning, though the exterior images we've seen appear to show an SUV that doesn't look dramatically different than the outgoing model. We'll reserve final judgment for a few more weeks.
In the meantime, Cadillac is apparently desperate to sell off the remaining examples of the 2020 Escalade, evidenced by a just-listed sales promotion. Amazingly, the 2020 Escalade could be a better deal right now than a remaining 2019 model. For this month, Cadillac has slashed $9,000 off the 2020 Escalade while the 2019 Escalade has an $8,000 discount.
These same discounts are also available on the extended-length Escalade ESV. Both figures are officially called a "Purchase Allowance" and neither can be combined with other special financing offers. Customers must also take delivery by February 3, 2020.
Up until now, the best fourth-generation Escalade offer we've seen was an $8,000 rebate last summer. So let's do some math. Slashing $9k off the cheapest Escalade's $68,490 price tag reduces things to $59,490. What's interesting is that it appears both the 2019 and 2020 Escalade share a base price. They're also identical as we're unaware of Cadillac making any changes to the 2020 model given it'll soon be retired. The 2020 Escalade ESV begins at $73,490 and this month's discount can bring that figure to as low as $64,490. Granted these are 2WD instead of 4WD versions, but a deal's a deal.
Cadillac makes no specific mention of any trim limitations, so it's fair to assume the discount applies to all three: Luxury, Premium Luxury, and Platinum. Regardless of trim, all current Escalades come powered by a 6.2-liter naturally aspirated V8 with 420 horsepower and 460 lb-ft of torque. A 10-speed automatic replaced the previous 8-speed unit in 2018.
Will Cadillac continue this $9,000 discount on the 2020 Escalade next month? Impossible to know right now, but one shouldn't hesitate for too long because once the current inventory is gone, that's it.