That’s correct, even with the $22,500 lease credit + $2000 on site, they’re more than offset by the MF and RV.
In your experience are they open to negotiating? I want one but a $900 payment on a $53k cost seems crazy high. I’m going to test drive next week and see what they say.
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There is no negotiating.
I don’t think the Lucid lease deals are that great anymore. Furthermore, some people that have leased a Lucid and are turning them in are getting hit with absurd fees that normal mfg’s don’t charge for. So - would be cautious leasing a Lucid until Lucid straightens that out. A lot of negative press on that lately.
Nope. They operate on a similar model as Tesla where there is no negotiation.
Man it’s hard to navigate these deals the way they change every month. It seems a month or 2 ago they were doing (on lease): $7500 EV, $10K air credit; $2K on site bonus; $650 charging allowance (?); $2K conquest (buying a car from a list of competitors?) and a $4K tesla-specific bonus on trade in.
Now (August/25) there’s still a $7500 EV (ends september 30), and $2K on site bonus; but the conquest is gone, and the $4K tesla-specific bonus is now $2K. But the air credit has gone up from $10K to $15K.
Like: is the pictured deal a good deal? I have no idea. I’m not eligible for the loyalty credit (not a current owner/leasee), so that’s one mistake that will raise my price. I’d also want to make the down payment $0 (from $5K).
What the hell is the residual on this car if, after all credits, the net sale price is $45, and you still need to pay close to $30 over 36 months, accounting for the down payment?
Is that like 20% for the residual? or 15% interest rate… how does that math work??
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I’m not sure I understand the question- are you saying it must be a bad deal because there’s a crazy interest rate?
But related to your post: if I can buy the car for $45 at the end of the lease, that’s a pretty good deal also, isn’t it? Or maybe not: $45 plus $30 in lease pay,ents is $75, which is close to msrp, so it’s like not getting all the discounts at all (7500+15000+2000+2000).
I only started looking at lucid because of a leasehackr story about them having great deals, but now that seems more like a paid editorial.
the lucid deal train has come and gone. the time to get them was in April of 2024. so unless they significantly up the RV or drop the rates.
unless you really gotta have it, I don’t consider $792 effective to be a great deal on one
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Ok I accept that answer. The leasehackr editorial was March 2025,
but I think you’re right that April 2024 was the peak time for a deal, and I started looking 2 months after that. I don’t really need a car until next year so I’ll wait.
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the net sale price is $50k after all incentives but before the $5k down. $45k after the $5k down which means the residual itself is lower.
Has to be much lower if you’ll be paying another $22k over 35 payments.
I believe he is asking if the residual is so much lower or if the MF is so high.
Which is a fair question because how is the selling price so low already and I still have to pay another $22k?
Exactly that. After all rebates/discounts this is a $50k car which you need to pay another $22k over 3 years to cover either interest and/or residual drop.
Seems like there are a lot more cars you can chose from with $700 payment and this one is not top 10 for a bestlease. Probable not even top 20
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I know the EV market is still in it’s infancy, but man it’s crazy that a company like Lucid would have this much variability in their sales model. It seems like the rates switch dramatically very frequently- wild that leasing one now could be $10k more over the term than someone who leased the same exact model less than a year ago.
I guess time will tell if the people who got “good” deals actually got a good deal or just avoided getting abolutely hosed.
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Re: variability, if I remember correctly, Tesla had some pretty noticeable swings in MSRP during COVID and around tax incentive changes. On one hand it was pretty crazy to see; on the other hand at least they were being transparent about it and not putting BS add ons or dealer ADMs.
Tesla seemed more transparent, but maybe because I was focused on purchase, not lease (and news was reporting on the swings on purchase price, as they happened).
I don’t like leasing (and I need websites like this) precisely because its so complicated - how can a 7500 ev tax credit plus a $15000 discount on a lucid be a bad deal, and yet it is, apparently.
The best move is probably to buy (not lease) a lightly-used EV because they drop in value so severely. Lucid is not a great candidate for this because it seems to be struggling and may not be around to honor the warranty, which happened to me in 2012 with Fisker).
I’m scheduling a test drive tomorrow and I’m really interested in the car. But I’m also struggling to understand why the payment is so high with $24,500 in capitalized cost reductions.
I was thinking about getting into the lease and then trying to buy it out to purchase the car. Is that even an option? My guy at the showroom says it is, but I also get the feeling he’ll say whatever to get me in one and/or he doesn’t understand the nuances (neither do I). If the lease cost + residual is ~= to the capital cost, that’s a good move, right? Surely it can’t be that simple.
Don’t buy. If Lucid goes bankrupt, it will be worthless. Leasing for 24 months would be fine in my opinion.
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cap cost reductions don’t mean anything if the RV is in the toilet and MF is through the roof. leasing is a combination of factors, but in this case it’s a very high MF that makes it expensive to lease.
don’t buy it. while I believe the Saudis are in it for the long haul, there’s too many uncertainties with newer automakers. if you must have it, lease it and throw it away when you’re done.
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Lucid is not a great candidate for this because it seems to be struggling and may not be around to honor the warranty, which happened to me in 2012 with Fisker
It’s certainly possible, but Lucid doesn’t have a track record of bankrupting every business they’ve ever started like Henrik Fisker did. I personally would not touch anything Fisker touches with a 10’ pole even before he started the EV venture.
But your sample size here is … One
While Fisker has given multiple data points..
Does anyone have more insight into Lucid Gravity leases? Seems like the lease rates are high and subject to change based on date of delivery. I spoke to a sales agent at my Lucid Studio and was quoted $1,392/m with “0” down* on a 36 month, 12k mile lease, on a $94,900 MSRP with no options. The “0” down would equate to $6,067 initial due at delivery to cover the taxes, registration, other fees, and first month payment. They had 1 Gravity available for immediate delivery, but that had an MSRP of $115,000 and would come out to $1,722/m with “0” down or $7,184 initial due at delivery. This all includes a $7,500 discount for orders placed by 09/30/2025 and delivered by 12/31/2025. Perhaps closer to 09/30/2025 with some inventory, Lucid may have a better lease offer. But this would all depend on whether or not Lucid is able to build enough Gravity. For those of you currently in an Lucid Air lease, Lucid is not currently offering a pull forward (early termination) of your current lease to get you into a Gravity. However, Lucid Financial/Bank of America will allow you to extend your current Lucid Air lease for up to 5 months at the same monthly lease payment. It’s difficult to time the delivery of Gravity, but for a $1,000 refundable deposit, you could put in your order and wait and see if the lease program improves once your Gravity is built and awaiting delivery.