Hi, does anyone have a lease breakdown of the Lucid Air Pure AWD/RWD. I know that Lucid made leasing slightly more manageable, however I am having a hard time working backwards and breaking down the numbers to get the MF and RV. Here is the fine print:
“Assumes a vehicle price of $83,900 including destination for Pure AWD MY 2023. Limited availability of 2023 Pure AWD. Total capitalized cost of lease is only available if delivery is taken within 7 days of vehicle being available for delivery. Must apply for financing by November 30, 2023. $8,769 due at signing for Pure AWD MY 2023. Assumes a vehicle price of $78,900 including destination for Pure RWD MY 2024. Total capitalized cost of lease is only available if delivery is taken within 7 days of vehicle being available for delivery. Must apply for financing by November 30, 2023. $8,069 due at signing for Pure RWD MY 2024. Lease offer includes $7,500 capital cost reduction and excludes tax, title, license and other fees. Low mileage lease: 10,000 miles/year. Lessee is responsible for excess wear and mileage over 10,000 miles per year at $0.25/mile. Only available to U.S. customers leasing through Lucid Financial Services. Other conditions and restrictions apply. This is not a commitment to lease. Offer available to well-qualified lessees only.”
The money factor is 0 on their current lease deals. The residual would just be msrp - (36x monthly payment + down payment + lease rebate). You can also talk to a sales advisor and they can confirm the residual.
@mmian is correct IF the MF = 0 and IF the sell price = MSRP. I assume that @mmian means down payment is the same as cap reduction. If so, your monthly payment is simply the monthly depreciation charge, and the residual is as @mmian describes. The lease is not necessarily tax free unless you live in a state that doesn’t have sales tax. If your state does levy sales tax, the amount of tax will depend upon how your state computes the tax (e.g., payment streams (tax levied on each depreciation payment), sum of the payments (total depreciation), sell price, etc.). @mmian and I are assuming you’re paying all fees upfront (e.g., dealer doc fee, acquisition fees, title/reg fees, gov fees, etc.).
Ummm it is…tax has nothing to do with residual value. Depending on the state you pay taxes upfront or on the monthly payment. When I say msrp - 36xmonthly payment, I mean the pre-tax monthly payment.
In CA we pay sales tax on the monthly payment + upfront tax on the rebates in this case ($7500)
But STILL the residual is what I said. Msrp -(36xpre-tax monthly payment + cap cost reduction which is $7500 + whatever you put as a down payment, it can be 0)
I’ll give you a lucid air touring 18 month lease example with 0 down. $95,000 msrp - $1150x36 - 7500 = $67,000. That’s the residual. Whatever taxes you pay for your state are on top of that and your own states business
