Lease return excess wear & tear

[kort6776]

This is the problem with leasing. You are borrowing the car, so the expectation is to return it in an undamaged condition. Nothing wrong in that.

That’s why it’s less stress free to just buy the car. No need to worry about a chip or a small scratch, or mileage that you put in.

your comment is correct for some people but I will always lease an EV because of the huge depreciations that hit EVs hard. the rapid changes of the tech is also a reason to lease vs. buying.
my first tesla model S, 2013, was functionally obsolete in a year after I purchased it, my second one had the flawed 90kw battery pack and my model 3 took a 50% hit in less than 2 years of owning it. my taycan, which I leased and turned in 18 months ago is still sitting in storage, my lease Ipace took a massive depreciation hit as well. when that lease was up I was will to buy that car but the residual was almost $20k over the current value of the car.
my take away is that if you can live within the mileage constraints leasing EVs is the way to go.

 

[tonybot]

your comment is correct for some people but I will always lease an EV because of the huge depreciations that hit EVs hard. the rapid changes of the tech is also a reason to lease vs. buying.
my first tesla model S, 2013, was functionally obsolete in a year after I purchased it, my second one had the flawed 90kw battery pack and my model 3 took a 50% hit in less than 2 years of owning it. my taycan, which I leased and turned in 18 months ago is still sitting in storage, my lease Ipace took a massive depreciation hit as well. when that lease was up I was will to buy that car but the residual was almost $20k over the current value of the car.
my take away is that if you can live within the mileage constraints leasing EVs is the way to go.

I agree a 100%. That is my approach as well. At the end of the lease, I will compare market value against buyout and a make a call. I bought out ICE leases in the past when it made sense but that may not hold true for EVs due to depreciation and tech changes. Automakers like BMW let you buy additional miles at a discount any time and if unused, refund the money at lease end. I think the point of this thread is excessive charges at lease return. At present, most of the EV transactions are leases and I hope Lucid and BoFA will figure out a way to make this experience more mainstream. It will also be interesting to see how the elimination of the $7500 lease loophole impact EV leasing going forward.

 

[JGard18]

The biggest reason to lease EVs currently is the tax breaks. If you're shopping Lucid, you likely make too much money to qualify for the $7,500 tax credit if you purchase, but if you lease, you get that. It's the main reason we leased my wife's XC40 Recharge as well as my Lucid. We're almost definitely buying the Volvo once the lease is up, and I'm likely going to buy out the Lucid before its lease is over, too (because I'm about to go WAY over mileage)

 

[fisheral]

This is the problem with leasing. You are borrowing the car, so the expectation is to return it in an undamaged condition. Nothing wrong in that.

That’s why it’s less stress free to just buy the car. No need to worry about a chip or a small scratch, or mileage that you put in.

I've leased many cars and never cared about nor stressed as much over the lease return process as Lucid's.

 

[dapellegrini]

This afternoon I decided that I simply don't have any more mental bandwidth for Lucid, or this lease turn-in fiasco. Still no call back, and they seem to be playing racquetball with my "Customer Care Ticket". So I called in to the collections team at BofA to pay their ransom, credit card in hand.

To my surprise, I got a collections agent very quickly, and they seemed confused. I said I was calling to pay my lease termination bill. They put me on hold "to confirm the amount due". When they came back on the line, they were still confused, and wanted to know again why I called. I thought this was odd, and I felt a little like Clint Eastwood in "The Good, the Bad and the Ugly", queue the music. At this point I thought perhaps they were seeing something different on their end, so I changed my tact slightly, and asked "to speak to someone about my lease termination bill". The collections agent seemed less confused at this point, and transferred me to Lucid Customer Care. A curious turn of events.

Hold with Customer Care was <30 mins.

Finally through to someone at Lucid, but alas, no update on the ticket. It is "with sales". I asked that they please update the ticket and ask whomever is going to settle this to leave a VM if I cannot pick up the call. Also please email me.

I know others have piled on here with opinions about leasing, and other turn-ins with what I would call at least "actual damage" if not excessive wear and tear. This thread is really about 3x <.1" pock marks on the very large windshield and a problem with the passenger visor that no one has been able to explain. No curbed rims, no marks in the paint, no low tread on the tires, damaged wheels or any such thing.

I suppose now I will reset my "1 week" clock, perhaps slightly more optimistic for a positive outcome... but only slightly.