Are you willing to post the early termination terms? I want to see if they do remaining months - Unearned Rent charges (Like most OEMs) + residual.
Last I checked they were charging the unearned rent charges still.
I mean obviously you wouldn't just pay the buy out price only. But why would you pay the interest in advance? It shouldn't be any different than when you finance a car.
I have early bought from Subaru and BMW before and I have been given a buyout between the original Buyout price and the buy...
I really don't like the lease terms with Lucid. If you have to buy the car out early, you will pre pay every lease payment and then buyout. Pay all the interest upfront. Ideally you don't have to buy out early, but if you needed to get out of the car, this would be a very expensive thing to do...
I confirmed with them multiple times. I told the LFS/ BOA rep that this doesn't sound right to me. He went back and confirmed with his supervisors and their guidance and said that is the policy. You are responsible for all the remaining lease payments and the residual amount if you want to buy...
Correct. If I wanted to buy the car out after couple of months, I would have to make the full 34 or 46 months of payments and the residual all together. They gave me the residual numbers but I didn't write it all down unfortunately.
They gave me all the numbers and information about a week...
I was very close to taking delivery and was going to do this but BOA has terrible lease terms. They don't give you a new buyout price if you want to immediately buy out the lease. They told me I would have to prepay all the monthly payments and then the Buyout price.
I had to cancel my order...