Has anyone tested to see if recently delivered Lucid’s have free charging at ElectrifyAmerica? My experience with EA has been horrible, so maybe not worth the free charging, but would like to know if it’s available on 2024 Lucid’s delivered after June 2024.
Fortunately, we have many good options such as FPL’s 350kw chargers on the Florida Turnpike that charge $0.30/kw.
I got a 23 gt. When i plugged in to ea, it said enjoy your 2 year free charging
Never had a Tesla so I can’t speak to their thermodynamics in the cabin. If I had to have a Lucid with the glass roof I’d absolutely get some kind of ceramic limo tint on there at the bare minimum.
If you like the idea of owning a Lucid, I’ll sell you my 2024 Pure for $59,000. Never driven with 18 miles odometer.
I’m just estimating my payoff/lease buyout, but if it’s lower, I’ll extend the discount to you. It’s cheaper to buy this way and save over $5,000 on a new Pure. This works since I registered the vehicle in NJ and there is no sales tax.
Why the sudden change?
Took delivery at Lucid Roswell this past Sat. Charged the car twice at Electrify America…both times free.
I leased two Lucid’s, a Touring and a Pure. If the Pure sells, I may go lease another Touring or Grand Touring.
I’m sure there’s someone out there who prefers to buy over lease. This is one way someone can get $5,000+ off a new Pure purchase without going through the same process as me with leasing then buying out the lease, paying vehicle registration costs twice and sales tax twice, going to the DMV for new plates, etc. Also, the unique position of NJ with $0 EV sales tax makes this maneuver possible while minimizing taxes. In a sales tax state, someone trying to do this would have to pay the sales tax on the lease and again on the buyout purchase. This way should be overall the cheapest way to buy a new Lucid.
Nice. That’s also where I got one of my Lucid’s leased on Sunday.
Yes, you can purchase/lease from this location. This past Saturday, I walked in to Lucid’s Roswell location for a test drive and decided to lease one of the MANY vehicles they had in stock. Roswell connected me with a Lucid employee in California, who then emailed me the reservation form, credit application, and paperwork to sign. Roswell facilitated the process, cleaned the car, and I took delivery a few hours later.
Not gonna lie, buying and owning a Lucid - or any other EV - is a pretty tough proposition. Would be especially so with Lucid given their long-term financial feasibility concerns. (Yes, they just raised another round, but when will they stop burning cash and actually make money?)
Leasing is absolutely the way to go.
Might as well as buy a ‘22 GT for $65k, though those have around 15-20k miles.
I’m assuming these numbers include the various EV/Air discounts and are not based off MSRP?
Correct. I put the corresponding MSRP of each vehicle before discounts.
Comparing used vehicle vs new vehicle with no miles and a fresh new warranty. I just sold a 2022 Tesla Model X for $65,000 and replaced it with a new Lucid. My last several cars, I bought new as I preferred buying over leasing. For the Lucid with the $7,500 EV credit for leasing only, and no sales tax in NJ, it was cheaper to lease then buyout than to buy from the beginning.
The PIF invested $6.4 billion in Lucid of which an extra $1 billion was added as recently at March 2024. The PIF has very deep pockets and I’m confident Lucid is in a better position than other EV makers to have a strong future. The PIF owns 60% of Lucid, they’re not going to allow it to fail.
I would not buy a new Lucid only would do a 18 mos lease, as I am still not confident if they will survive.
I don’t care if Saudi’s invested in them. That is pocket change for them. I hope Lucid survives, but they have a long ways to go. Need a Model Y/3 competitor to make it in my opinion, as the luxury EV market is really bad right now.
Would possible buy a used GT, but then I don’t trust Lucid’s software/bugs and potential other issues long term and even used they are depreciating so fast.
I think you mean better position than any other new EV mfg. Rivian looks good too and Tesla is not new but is by far still the strongest.
Tesla, Rivian and Lucid would be my picks among the EV manufacturers in the US and of course NIO in China. The other new EV makers, I would be cautious about buying a car from them.
Not true on Ga. They tax lease payments not price of car
So when doing the calculator I would add $15k in discounts (EV+Air at 7.5k each)?
Edit: To clarify, the cap cost of the Touring would be $62,900 (77,900-15,000)?
On the Lucid website lease calculator, you would only put in the $4,000 Onsite Credit + $750/1,000/1,250 Referral Credit into the Down Payment section on the left side column, 2nd row below term.
The right side column already includes the $7,500 Air Credit and $7,500 EV savings.
So, for a Pure, you would put in $4,750 in the Down Payment, $5,000 for a Touring and $5,250 for a Grand Touring.
The down payment is what you input into the Lucid lease calculator to offset the onsite credit and referral credit. You’re not actually paying this in cash. The Amount Due at Delivery are Taxes, Fees, First Month, minus the Onsite Credit and Referral Credit that you put into the Down Payment section.
Yes, leasing is certainly the way to go if you want new - but $60k for a ‘23 pure vs $60k for a ‘22 GT… I know which one I’d choose.
I’m a big fan of Lucid, I was the first person to post a hackable Lucid w/ onsite credit back in March, my next lease will probably be lucid - but I wouldn’t advise anyone to buy a non-depreciated one. Lucid has no viable path to profitability yet and one cannot simply depend on Saudi handouts to survive.