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Extended Warranty

hmp10 said:
Remember that there is still four more years to go on the powertrain and battery pack warranty, the most expensive components in the car.
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I'm just interested in how out-of-warranty repairs are handled and the main vehicle, bumper-to-bumper 4yr/50k miles warranty is the first of the six warranty types to expire.

I'm hoping by time the battery and powertrain warranty expires the cost of those currently expensive components will have come down due to the existence of newer technology, lower production costs, etc. Especially battery technology.

Heck, eight years from now who knows what will be going on.
I hope repairing/replacing a battery or powertrain component is the greatest of my issues in eight years. :)
 
californiaboy935 said:
I'm out of warranty! We will see how things progress into the out-of-warranty period, but overall haven't had any serious problems with my vehicle. Knock on wood!
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Keep us informed.
I always have a home maintenance account with funds for upcoming repairs such as hvac. I go with a worse case scenario for funding; something blows up. :)

I'll do the same with the Gravity, within reason.
Somewhat different from a home since car market value vs. repair cost is a consideration.
Can I keep my Gravity going for 15 years? I might try as long as the repair costs are reasonable.

I've always considered the lack of car payment an added value in keeping a car.
I hate car payments because I like keeping my money to do what I want with it. Like buying more Lucid stock!
Unless I'm spending over $1k a year, every year on a car, I'm good with keeping it running versus buying new.
That's why depreciation is rarely a factor with me. Or at least it has been with ICE cars. EVs may be different.

Look at me. I haven't even gotten my Gravity and I'm talking about how long I'll keep it. :)
 
Have any out of warranty owners had to go in for service yet? If so, I'd be curious to hear what the various repair costs were.
 
gavram said:
Have any out of warranty owners had to go in for service yet? If so, I'd be curious to hear what the various repair costs were.
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Recently, I was thinking of starting a thread detailing repair parts cost, and then associated labor cost.
 
californiaboy935 said:
Recently, I was thinking of starting a thread detailing repair parts cost, and then associated labor cost.
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Whenever you start the thread, it should grow, starting EOY and next year as the basic warranty on ADEs and '22 AGTs expire (time wise). Some sooner based on mileage. Over time, that should be a valuable thread for Air and Gravity owners.
 
californiaboy935 said:
I would doubt this will happen. Most of a manufacturers profits come from repair costs, as I understand it.
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3rd party extended service plans are profitable because like all insurance, they are priced to cover the high costs of one vehicle with the low costs of another. So Lucid should be able to make even more money if it offered an extended service plan.
 
californiaboy935 said:
Recently, I was thinking of starting a thread detailing repair parts cost, and then associated labor cost.
Click to expand...
Done and Done.

californiaboy935

Thread 'What to Expect: Repair and Labor Costs After Warranty'

As more Lucid vehicles move out of their factory warranty period, owners are starting to face the realities of repair and maintenance costs without coverage. I've found service to be helpful and consistent throughout my ownership.

This new thread is meant to share information, real-world experiences, and estimates related to out-of-warranty repairs — including labor rates, parts pricing, and how Lucid’s service model compares to traditional automakers. Whether you’re nearing the end of your warranty or just planning ahead, feel free to contribute your experiences and ask questions here...
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I was hoping we'd get some kind of response by now. If not going to be offered by Lucid perhaps another warranty company will offer one?
 
SaratogaLefty said:
I was hoping we'd get some kind of response by now. If not going to be offered by Lucid perhaps another warranty company will offer one?
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How would a third party warranty company be able to price out a policy when Lucid tightly controls the availability of replacement parts and does not (afaik) publish parts costs or repair guides. Both of which would be needed to estimate the cost of offering a policy.
 
Pragmatic said:
How would a third party warranty company be able to price out a policy when Lucid tightly controls the availability of replacement parts and does not (afaik) publish parts costs or repair guides. Both of which would be needed to estimate the cost of offering a policy.
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They do exist. No experience on how good this is, but the company is specifically for EVs. I too would like Lucid to offer something to consider.

XCare EV Protection™

electric vehicle extended warranty
www.xcelerateauto.com www.xcelerateauto.com
 
I really doubt it would be a good idea for Lucid to offer an extended warranty. They just came out with Gravity and their service centers need to train and get ready for the service calls/appointments that will bring (as a regular course of business). Then most OEM’s make a large part of their profit from parts and service.

Manufacturers like Tesla offer very limited ESA’s (25,000) miles/2 years. Which would likely negate anything usefulness for most of us who have met the 50k miles limit.

Also? Is any Lucid owner likely going to be so upset by not having an extended warranty period that they wouldn’t buy another Lucid?

I’d bet not.


umbrex.com

How the Automotive Manufacturing Industry Works

Insights into How the Automotive Manufacturing (OEMs) Industry Works, with detailed analysis on value chains, key drivers, and more.
umbrex.com umbrex.com
 
californiaboy935 said:
I really doubt it would be a good idea for Lucid to offer an extended warranty. They just came out with Gravity and their service centers need to train and get ready for the service calls/appointments that will bring (as a regular course of business). Then most OEM’s make a large part of their profit from parts and service.

Manufacturers like Tesla offer very limited ESA’s (25,000) miles/2 years. Which would likely negate anything usefulness for most of us who have met the 50k miles limit.

Also? Is any Lucid owner likely going to be so upset by not having an extended warranty period that they wouldn’t buy another Lucid?

I’d bet not.


umbrex.com

How the Automotive Manufacturing Industry Works

Insights into How the Automotive Manufacturing (OEMs) Industry Works, with detailed analysis on value chains, key drivers, and more.
umbrex.com umbrex.com
Click to expand...
They likely have enough data at this point to determine how much they'd have to price the ESA at to make it profitable for themselves. There is a price. Whether it is something many of us would pay is another question. But there is a price.
 
californiaboy935 said:
I really doubt it would be a good idea for Lucid to offer an extended warranty. They just came out with Gravity and their service centers need to train and get ready for the service calls/appointments that will bring (as a regular course of business). Then most OEM’s make a large part of their profit from parts and service.

Manufacturers like Tesla offer very limited ESA’s (25,000) miles/2 years. Which would likely negate anything usefulness for most of us who have met the 50k miles limit.

Also? Is any Lucid owner likely going to be so upset by not having an extended warranty period that they wouldn’t buy another Lucid?

I’d bet not.


umbrex.com

How the Automotive Manufacturing Industry Works

Insights into How the Automotive Manufacturing (OEMs) Industry Works, with detailed analysis on value chains, key drivers, and more.
umbrex.com umbrex.com
Click to expand...
As someone who is out of the bumper to bumper warranty, if the car starts having significant issues that cost a lot of money and cause massive inconvenience (it's 6 hours to the closest service center and I'd have to pay for transport), I'd opt for a different vehicle next time. We'll have to see how it plays out 🤞
 
rking0122 said:
They likely have enough data at this point to determine how much they'd have to price the ESA at to make it profitable for themselves. There is a price. Whether it is something many of us would pay is another question. But there is a price.
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IMG_9129.webp
 
Halodde said:
As someone who is out of the bumper to bumper warranty, if the car starts having significant issues that cost a lot of money and cause massive inconvenience (it's 6 hours to the closest service center and I'd have to pay for transport), I'd opt for a different vehicle next time. We'll have to see how it plays out 🤞
Click to expand...
Crossing my fingers and toes. But I think they’ve built a great ship, strong and true…
 
rking0122 said:
They likely have enough data at this point to determine how much they'd have to price the ESA at to make it profitable for themselves. There is a price. Whether it is something many of us would pay is another question. But there is a price.
Click to expand...
Yes, but what is the price of having a very expensive extended warranty that makes people not want to buy the car in the first place?

That is the question… 🙋‍♂️
 
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