Cadillac’s newest models are hitting the road with some of the most expensive leases on the planet.
The automaker says it has leased an average of $8 million in new cars each month at $3.7 million profit.
The leasing deal, announced in December, is for the CTS-V, the Cadillac ATS, the CQ5, and the CUE6.
The CUE series includes the CAB40 and CAB60, but not the ATS.
The ATS is Cadillac’s most popular SUV and is the brand’s most valuable model, with a value of $7.5 billion.
Cadillac said the new leasing deals are being made possible through Cadillac’s leasing program, which the automaker is in the process of privatizing.
“This deal enables Cadillac to expand its leasing program across its entire portfolio and is one of our strongest revenue drivers,” said CMO Scott Jorgensen.
Cadillac will lease new CAB models, CAB6s, and CUE5s.
In December, Cadillac leased $1.5 million in cars from Hertz for a total of $9.8 million.
Cadillac’s new lease deals are the largest in the world, according to Bloomberg data.
The most expensive lease in the U.S. is for a $2.6 million Cadillac Escalade, which is leased for a month at a $3,000 profit.
That lease is for an ATS-LV, a luxury crossover SUV that can go from zero to 60 mph in 9.4 seconds and has an estimated $30,000 in premium over the cheapest option.
The latest leasing deals come at a time when Cadillac has been struggling to generate sales growth.
In the first half of this year, Cadillac reported a loss of $17.2 million, compared with a loss in the same period last year.
The company also announced that it will be ending its luxury crossover sedan lineup this year.