The 2020 Cadillac XT5 is cheaper than its main German rivals this month.
For the 2020 model year, the Cadillac XT5 was updated with fresh styling and new engine options to help it compete with its German rivals, the BMW X3 and Audi Q5. To try and lure buyers away from Audi and BMW, Cadillac is slashing the price of the 2020 Cadillac XT5 throughout September.
This month, Cadillac is offering a $1,500 cashback rebate for all 2020 XT5 models nationwide, bringing the MSRP of the entry-level Luxury trim down from $44,095 to $42,595, undercutting the starting price of the cheapest Audi Q5 and BMW X3.
Moving up the range, the Premium Luxury trim is reduced from $48,795 to $47,295with the discount applied, while the price of the range-topping Sport trim is slashed from $55,095 to $53,595. All prices exclude the $995 destination charge.
If you prefer financing, Cadillac is also offering 0.9 percent APR for the 2020 XT5 for up to 60 months plus a $1,500 cash allowance. This isn't the best financing deal Cadillac has offered, however, as the 2020 XT5 was available with 0 percent APR last month. Alternatively, the XT5 FWD Premium Luxury can be leased for $389 per month for 39 months throughout September.
Eligible lessees can also claim a $1,500 cash allowance. All 2020 Cadillac XT5 discounts are valid until September 30th. Earlier this year, Cadillac slashed the price of the 2019 XT5 by $4,000, but the automaker no longer offering incentives for the old model.
As standard, the 2020 Cadillac XT5 is offered with a new 2.0-liter turbocharged four-cylinder engine that produces 237 hp and 258 lb-ft of torque, while the Sport and Premium Luxury Trims are powered by a 3.6-liter V6 engine developing 310 hp and 271 lb-ft. Both powertrains are paired with a nine-speed automatic transmission. Every trim is available with all-wheel-drive, but front-wheel-drive is the standard for the Luxury and Premium Luxury trims.