lucid is offering leasing. Has anyone executed a lease with them? Can you share the terms? Residual, money factor and did you get the 7500 credit? Trying to estimate my payment.
Anyone know if they are taking trade ins?
I do think the used market is still strong enough there’s more benefit going through a carvana / vroom / carmax to get your strongest trade in number. That is assuming you are not in a state with a used car trade in benefit.I asked my design studio manager Saturday and he said in the future but not now.
Thanks for sharing. It seems your residual for 15k miles / 36 months was 45.24%, and the APR was 6.43% (i.e. money factor of 0.00268)Here is what they sent me. Intent was to put $70K down, for a 3 year lease with 15K miles/year. Among other things I don't understand how they handled the tax credit. Seems like they gave it to me with one hand and took it away with the other. In any event, the proposal was unattractive to me so I paid cash. Paid for the car over a week ago but still don't have a delivery date.
The residual is def lower than most 3 year leases at 10k. Most higher end brands are in the 50-55%. Since the brand is new, the bank is just hedging its losses and they want to collect as much as they can.A residual of 45% after only three years? That seems quite bad…
That does sound crazy... But I ask out of ignorance: if the car is leased to a business, is there some sort of accounting or tax benefit to that?Why would anyone put up $70k as a cap cost reduction on a lease. That's f'ing crazy. I'd never put any money down if leasing. If the car is totaled on day 2, you're out a boatload of $$$.