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westofboston

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22 month lease (18 plus 4 extra) is ending in October for a 2025 Air Pure RWD ( base)

Anyone get any discount recently off of the residual cost when talking to Bank Of America about buying it?

Really seems like a no brainer to not just go ahead and buy it at 40K since any new car of the same quality is going to be much more, right?
 
Believe there are other threads that have discussed this, with no real success on that front. That said, I've always believed that it never hurts to try. More leases are starting to come up so maybe their stance will change given current resale values...
 
westofboston said:
22 month lease (18 plus 4 extra) is ending in October for a 2025 Air Pure RWD ( base)

Anyone get any discount recently off of the residual cost when talking to Bank Of America about buying it?

Really seems like a no brainer to not just go ahead and buy it at 40K since any new car of the same quality is going to be much more, right?
Click to expand...
If you can't get a discount off of residual, keep track of the VIN and see where the vehicle ends up after going through the auction process. It may end up back in the hands of Lucid or another dealer.
 
westofboston said:
22 month lease (18 plus 4 extra) is ending in October for a 2025 Air Pure RWD ( base)

Anyone get any discount recently off of the residual cost when talking to Bank Of America about buying it?

Really seems like a no brainer to not just go ahead and buy it at 40K since any new car of the same quality is going to be much more, right?
Click to expand...
I called Lucid Finance and asked for a buyout offer. They offer was one I couldnt refuse. Bought it out.
 
Northpointe said:
If you can't get a discount off of residual, keep track of the VIN and see where the vehicle ends up after going through the auction process. It may end up back in the hands of Lucid or another dealer.
Click to expand...
Do you know how to do this? I was trying to hunt down my Air return for fun, but also because now I am seeing the later models had lots of changes to trim's that may make it's spec unrepeatable...
 
illopp00 said:
Do you know how to do this? I was trying to hunt down my Air return for fun, but also because now I am seeing the later models had lots of changes to trim's that may make it's spec unrepeatable...
Click to expand...
There are a couple of different options. You can run a VIN check at Goodcar.com. I believe a report is a couple of bucks. Alternatively you can use Auto Check or Car Fax but the cost of those reports is higher.

If you recently returned a leased car and want to know where it ended up I would recommend using AutoTempest. They aggregate all on-line listings in a single site. You can set up a saved search on an Air with the same attributes as yours and have it alert you when new vehicles are added.
 
Last edited:
westofboston said:
22 month lease (18 plus 4 extra) is ending in October for a 2025 Air Pure RWD ( base)

Anyone get any discount recently off of the residual cost when talking to Bank Of America about buying it?

Really seems like a no brainer to not just go ahead and buy it at 40K since any new car of the same quality is going to be much more, right?
Click to expand...
This was from another post on topic, my reply copied and pasted:

Some additional insight into LFS process and suggestions if you are looking to negotiate buy-out at lease end.
- Definitely wait until final lease payment made. Trying to negotiate before that is a waste of time. If you call automated number it will just reiterate what is on your lease doc.
- After last payment I contacted LFS rep, said I was open to purchasing and could they give me an updated buy-out price.
- I also asked if there was a supervisor or mgr to discuss this with and rep said it was all automated, she inputs my request into system and out comes number
- As I indicated previously, when I did this prior to my final lease payment, they reduced the buy-out by $100. This time it dropped about 10% ($6k), which was in my target zone.
- Make sure to ask if that payment includes sales tax (depending on state car is registered in). I confirmed this multiple times with rep. They then send out revised purchase doc.

I ended up purchasing the car. Price was very competitive with other AT's on the web site and I knew how well I took care of it. Also had all of the options I wanted: color, stealth, SSP, DDP, alum roof, 19 inch wheels, etc. Overall process was pretty painless and I felt I got a fair deal on a really great car.

Hope this helps and will save folks some time and aggravation.
 

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NNPCdude said:
I called Lucid Finance and asked for a buyout offer. They offer was one I couldnt refuse. Bought it out.
Click to expand...

westofboston said:
You want to share any details?
Click to expand...
IMG_6476.webp
 
westofboston said:
You want to share any details?
Click to expand...
About $34k for a 2023 AWD Pure. I already had it inspected by Openlane and received a clean report. Also keep in mind my lease kicked off back in 2023 before the $10k price drop for the base Pure from $79k to $69k. I think it helped to secure the offer.
 
If you call Lucid Financial and follow the automated voice prompts, it will give you the stated residual. However, if you speak with a customer service representative, they’ll put you on hold and check for an updated buyout price. I’ve done this twice—once before my final payment and again after it. Oddly, the earlier quote was actually about $100 lower, so they must be using some sort of market-based calculation.

The updated buyout offer is substantially better than the stated residual, but it seems to align pretty closely with the car’s current retail value. In other words, you can buy your own car for roughly what a similar used Lucid would cost on the open market. The advantage of keeping yours is that you know its complete history. On the other hand, you may be able to find a similar car with fewer miles and a later in-service date, at about same price, which would give you more remaining warranty coverage.
 
donfenn said:
The updated buyout offer is substantially better than the stated residual, but it seems to align pretty closely with the car’s current retail value. In other words, you can buy your own car for roughly what a similar used Lucid would cost on the open market. The advantage of keeping yours is that you know its complete history. On the other hand, you may be able to find a similar car with fewer miles and a later in-service date, at about same price, which would give you more remaining warranty coverage.
Click to expand...
This is new, and a welcome change. They used to stick to the original residual value pretty closely.
 
L-Dude said:
This is new, and a welcome change. They used to stick to the original residual value pretty closely.
Click to expand...
They are better off offering attractive buyout prices to current lessees. Lucid appears to be dealing with a significant volume of lease returns, and the cars that aren’t purchased by the original lessees are probably going to wholesale auction to sold off at $6,00–$7000 less--or so
 
donfenn said:
If you call Lucid Financial and follow the automated voice prompts, it will give you the stated residual. However, if you speak with a customer service representative, they’ll put you on hold and check for an updated buyout price. I’ve done this twice—once before my final payment and again after it. Oddly, the earlier quote was actually about $100 lower, so they must be using some sort of market-based calculation.

The updated buyout offer is substantially better than the stated residual, but it seems to align pretty closely with the car’s current retail value. In other words, you can buy your own car for roughly what a similar used Lucid would cost on the open market. The advantage of keeping yours is that you know its complete history. On the other hand, you may be able to find a similar car with fewer miles and a later in-service date, at about same price, which would give you more remaining warranty coverage.
Click to expand...
Great Point about a later build date car with more remaining warranty....
 
donfenn said:
They are better off offering attractive buyout prices to current lessees. Lucid appears to be dealing with a significant volume of lease returns, and the cars that aren’t purchased by the original lessees are probably going to wholesale auction to sold off at $6,00–$7000 less--or so
Click to expand...
True, but they had been very stubborn about this in the past. It was so stupid that I wouldn't be surprise if Lucid didn't manage this change behind the scenes.
 
illopp00 said:
Do you know how to do this? I was trying to hunt down my Air return for fun, but also because now I am seeing the later models had lots of changes to trim's that may make it's spec unrepeatable...
Click to expand...
Search your VIN on https://visor.vin, it will give you information about it being for sale or sold by any dealership. It doesn’t include direct to consumer used (or new) vehicles for sale, so if it lands on a Lucid lot, you won’t see it. Free site, worth a check! Found out our trade-in ended up being sold by a private used car dealer about 750 miles away.
 
Jwutt said:
Search your VIN on https://visor.vin, it will give you information about it being for sale or sold by any dealership. It doesn’t include direct to consumer used (or new) vehicles for sale, so if it lands on a Lucid lot, you won’t see it. Free site, worth a check! Found out our trade-in ended up being sold by a private used car dealer about 750 miles away.
Click to expand...
Thanks that one did the trick for free. Old has been moved on quickly, I left it with the Tuxmats in the pictures:)
 
I just got an end-of-lease buyout from Lucid at a price which is hard to ignore. It is literally 16k below the stated residual, However, Lucid does not offer used car financing and my own bank (coincidentally Bank of America) will not finance cars being bought off lease. Has anybody found an easy resource for buying Lucid off of lease??
 
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