Gravity delivery on Tuesaday

037 said:

Match up the two screenshots I shared, one is publicly available in the website and the other came from the SA. If they are similar enough you can run the numbers on the Lucid calculator on your own.

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037 said:

Some data from NY

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037 said:

Some data from NY

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Azogue303 said:

Thanks. The lease numbers provided by our SA for the same terms (36 month/10K year) appear to use a different money factor (higher) and/or residual % (lower) for the DE. I consistently get an error from the Lucid calculator for the DE (it works for the GT).

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thyname said:

Loyalty credit for Gravity? I know it is available for Air, but I did not know the Loyalty credit is available to Gravity as well (from one of your screenshots). There is no Loyalty Credit showing up when configuring a Gravity through Lucid's website

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gmoney said:

Afternoon,

I just got my lease contract and for those of you that are curious on costs of leasing versus buying. My build total cost is about $120,000 and my rent charge (basically leasing language for interest charges) is $17,500. The leasing credit of $7,500 means that my cost versus buying is about $10,000. I don’t pay sales taxes on purchase because NC charges on monthly payments (the total over 36 months in taxes is $1,860).

If I financed the vehicle at 5% over 5 years my interest charges would be about $16,000 versus net $10,000 above and monthly payments would be about $500 per month more for the loan.

If I invest my $120,000 and $500 per month at 6% average return over 5 years…I would have about $196,000 in future value.

I can decide to buy car at $68,500 (57% of MSRP) 36 months at 10000 miles per year.

To me it doesn’t make sense to pay cash because if I invested $2250 monthly at 6% I would have $157,000. If I invested the $120,000 at 6% I would have $162,000.

Lastly, if I paid cash and invested at 6% and made payments from money over 5 years…seems like bad math because the rate paying is higher that rate earning.

In summary, leasing over financing seems like better math to me in almost every way.

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037 said:

That’s the screenshot the SA sent me, inquire with one of em…

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Azogue303 said:

I did, but they dodged and/or didn't understand my question about residual percentages. The difference in the total lease payments they quoted for a DE and GT totaled more than the difference in MSRP between the two configs.

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Bunnylebowski said:

Luxury cars, especially EVs, are not wise investments, you’re usually going to lose $ no matter what unless you scale up to supercars that you’ll barely drive. Just get the thing if you can afford it and enjoy it, knowing that whether you lease or buy you’re losing $ but that’s ok. I’m buying partly cuz Rhode Island doesn’t allow lease, but would still buy cuz I’d go over mileage limit and intend to have the car for a long time anyway.

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gmoney said:

My delivery specialist was knowledgeable and happy upbeat. Excited to spend some time with her

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raleighone said:

Wow, you do have a special relationship with your delivery specialist. LOL

But seriously, love to hear the positive experiences with deliveries...with people NOT having immediate issues. Any things you've seen wrong now that you've had it a few days?

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