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Trade payout timing

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dmurphynj

Member

Joined
Aug 15, 2026
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12
Cars
Gravity, R1S, Model Y
Hi all - picked up my Gravity lease at end of August; so far, loving it.

We traded in our Model X as part of the deal, but haven’t seen the check for it yet. Decided to do the lease with $0 down, so the trade is just a sale. No payoff was needed - we owned the X outright.

For those of you who’ve traded in a vehicle - how long did it take until Lucid cut you a check?

Curious if this is normal or if I need to track someone down over there.

Thanks!
 
I'd ping the team that handles that, likely Kelly Blue Book or whatever trade-in company Lucid used in connection with the process. It'll likely be on your contract. Never hurts to ask. Especially when its been a few weeks.
 
niceInBoston said:
Just curious, since we are thinking of trading in the same car - were you happy with the valuation? I’m wondering what end of the KBB spectrum they lean to.
Click to expand...

That’s a great question. Lucid uses KBB for their tradein partner so yeah - it’s basically right there with KBB values.

My case was a little unique - the power steering rack failed on our X, so that was a $5k+ repair. KBB dinged me $3k on the tradein value for it, so I ended up ahead of the game relative to what the fix would’ve been …
 
I’d probably check with Lucid and see where things stand. Since you owned the Model X outright and there was no payoff involved, they should be able to tell you the status of the trade payment and whether anything is still pending on their end.
 
dmurphynj said:
Hi all - picked up my Gravity lease at end of August; so far, loving it.

We traded in our Model X as part of the deal, but haven’t seen the check for it yet. Decided to do the lease with $0 down, so the trade is just a sale. No payoff was needed - we owned the X outright.

For those of you who’ve traded in a vehicle - how long did it take until Lucid cut you a check?

Curious if this is normal or if I need to track someone down over there.

Thanks!
Click to expand...
Takes up to 30 days so it shouldn't be too far away
 
dmurphynj said:
Hi all - picked up my Gravity lease at end of August; so far, loving it.

We traded in our Model X as part of the deal, but haven’t seen the check for it yet. Decided to do the lease with $0 down, so the trade is just a sale. No payoff was needed - we owned the X outright.

For those of you who’ve traded in a vehicle - how long did it take until Lucid cut you a check?

Curious if this is normal or if I need to track someone down over there.

Thanks!
Click to expand...
I traded in my Lexus and got a good evaluation at KBB. They immediately deducted it from my monthly price, not sure what happened to your.s?
 
Check with your sales advisor. I traded in my car at the end of August as well and received my check the 2nd? week of September. Received my plates this week.
 
Gr8penut said:
I traded in my Lexus and got a good evaluation at KBB. They immediately deducted it from my monthly price, not sure what happened to your.s?
Click to expand...

It was deliberate. I didn't want it applied to the lease.

With a money factor of 0.0001 in the lease, there's absolutely no reason to do a cap cost reduction. That's just putting money in their pocket unnecessarily. Might as well let them play with the bank's money and not mine.

So - we're at 42 days and still no payout. My advisor has been very responsive - he told me hopefully they'll have payment released Wednesday. If I don't see it by then, I'm going to get pretty grumpy. I didn't agree to NET45 terms. Wait till they see my late payment fees.
 
We recently got our 2026 GT and traded in our Range Rover Autobiography. We did the same with a small $ down and most on the loan given it was a 0% APR. Lucid took 3 weeks to transfer money for the trade. The service advisor was very responsive but said they do these money transfers in "batches" and ours was slated for Sept 23rd "cycle". He was accurate and our money showed up on Sept 24th late in the day. It was scary because we were asked to sign a document that says we got the value of our trade.

To answer the question of fair value, i do not think they (KBB) offered fair value compared to Carvana. Carvana was offering 2.7K more for the trade but with the 3K extra Lucid made up for it.
 
dmurphynj said:
Hi all - picked up my Gravity lease at end of August; so far, loving it.

We traded in our Model X as part of the deal, but haven’t seen the check for it yet. Decided to do the lease with $0 down, so the trade is just a sale. No payoff was needed - we owned the X outright.

For those of you who’ve traded in a vehicle - how long did it take until Lucid cut you a check?

Curious if this is normal or if I need to track someone down over there.

Thanks!
Click to expand...
Leased Gravity $0 down 08/29/2026
Received trade-in check 09/25/2026
 
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