Recent content by PetevB

Another way to look at the data, dollars per month instead of a percentage loss per year. I've added the Gravity in my area (taxes, fees) for comparison- base model, Lucid lease or financing. My credit union gives car loans below 5%, while the above was calculated with Lucid's ~6.5% 60 month...

In my experience an interim CEO is not going to make significant organizational changes, but rather hold steady so that the permanent CEO has the opportunity to make changes as they see fit. Execs leaving only makes the new CEO’s job harder- even if they were going to be replaced you’d want...

Close… As heat transfer is near and dear to my heart I’ll pick a couple nits. Black clothing doesn’t “make them sweat”. If the clothing is working correctly it transfers less heat to the body, so the wearer will actually need to sweat less, though it might feel like you’re sweating more...

Completely agree. Currently the leases on the Gravity can't touch the other deals I've gotten, though I expect that to correct somewhat in time due to market forces. Very true, thought the Tesla and Ioniq 5 lease deals were 15k miles/ year so not that much different. The Fiat was so short range...

Interesting question, and this caused me to go back and analyze my own ownership history. While I've only even owned my gas cars I've both leased and owned my EVs, which begs the question: which was better? The EV I owned was a Tesla Model 3 Dual motor, purchased new shortly after they started...

Sounds like that's why they are not completely removable. Springs like that store lots of energy, hence are inherently pretty challenging to make user safe. Shame, that's one of the few features I wish the Gravity had- Grocery shopping or day trips with the German Shepard it'd be really nice...

Counterpoint. Even KSA’s pockets are only so deep. The Kingdom, as a country, breaks even with oil at $50 a barrel. They produce at $3, and the spread keeps the country solvent. If oil drops significantly below 50 the deficit grows at a potentially tremendous rate. Oil’s at 58 today. Things...

Quoting my own post, I decided to go another direction until Gravity leases get more sensible. I just leased an Audi SQ8 E tron Premium Plus for 24 months/ 7500 miles per year. Kinda the opposite of the Gravity in that it's some of the oldest, least efficient tech on the market and it's no where...

My pack had higher degradation than most for the miles- off over 15% from new in a bit over 80k miles. I did a good job keeping the battery below 80% unless road tripping, but I also did well over 100 supercharger stops where I’d come in on fumes, low single digit battery remaining, sometimes...

I see five main factors negatively impacting current Lucid or EV valuations, two to three of which I think will change medium term. 1. Battery longevity and cost. Generally the other mechanicals of EVs are both simpler and last longer that ICE cars, but the battery is the weak link. Replacement...

10k per year? So 6% over a 36 month lease? I buy the argument that with unnaturally high rates lease interest rates it can make sense to put money down. In that situation “one pays” with essentially everything rolled into that first payment to minimize interest, are often popular. MSDs...

And what you seem to be missing is entering something sane in the “dealer discount” box of the Leasehacker tool, which is not something you’ll find in any of the online incentive programs you’re reading. Otherwise I don’t see how you’re paying 2x for that Mercedes. Without your location I can’t...

Where are you located? If you are actually looking at any of those alternatives I’d educate yourself on the available incentives and programs. Start with the Leasehacker calculator. Paying any of the number you quoted would become criminally bad purchasing right now, as paying MSRP at most...

General rule of thumb is don’t lease when the interest rate is 8% and your credit union will give you a car loan at 4%. The production lines are designed for quite a high volume- 90k cars per year out of Arizona. As they ramp up they’ll be in a situation where they need to run the line to keep...

You’re comparing cars with no dealer discounts (Lucid, Rivian) with those that will have heavy discounts and incentives as though they are apples to apples? Does that make sense? You can get a Mercedes EQS 450 SUV for 35 x $999 payment + 5k drive off (which might include some fees not shown...