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Getting close to leasing a Gravity

watermelonrooste said:
If I was leasing a Lucid now, I will ask for a 12 or 18 month lease. They might do it because they want to move cars desperately. This is a make or break year for them. Otherwise I will just wait to see how they do in a year or two and if they fixed all the issues with their cars.
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Issues are mostly fixed. It’s just service that they are working on now. I went by Scottsdale service. Lots if Airs-hardly any Gravities.
 
BrianBigNFun said:
My insurance from coming from a Tesla Model Y actually went down slightly
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Mine too... Switched from a MX and my insurance went down. I believe it has to do with the way the insurer categorizes the vehicle (SUV vs Wagon in this case)
 
BrianBigNFun said:
KoP- you're near Philly? Would be nice to see another Gravity in my area- so far have only consistently seen one other Gravity, a white one that I've seen in the Warrington/Warminster area a few times now but never waves back (rude mutha)
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I’m from Philly (fun fact - my dad designed the lighting on Boathouse Row) but I live in Savannah. I’ve seen at least one Gravity here.
 
exxxviii said:
Yes. A Gravity (configured the way I want it) lease total cost is a little over half the MSRP. That is probably in the ballpark of the car's likely depreciation, so that is why I call it a neutral lease. If I am going to lease, I prefer that the total lease cost be significantly below 50% of MSRP, otherwise the lease offers little value to the transaction.

I would never lease or purchase a car I thought might have a Fisker- or Polestar-like depreciation event. My only consideration is normal depreciation risk.
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Hmmm..have you seen Lucid's 3yr stock price history? Glad you're so confident though!
www.marketbeat.com

Lucid Group (NASDAQ:LCID) Stock Falls 1.8% - What's Next?

Lucid Group (NASDAQ:LCID) Stock Price Down 1.8% - Should You Sell?
www.marketbeat.com www.marketbeat.com
 
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I had a nice chat with one of the KoP guys this evening. He was saying that with the new CEO, and new manufacturing strategy, he wouldn't be surprised if there weren't any Really Great Deals this holiday season. He also said that the Black Friday deals usually aren't that great (an extra $1000-2000 off) but we'll see what happens. I'm "in the system" now, so if something comes up, he'll let me know.

I told him that if he found a GGT for $500/month and nothing down, I'd fly up to Philly the next day. 🤣
 
hwy17er said:
Hmmm..have you seen Lucid's 3yr stock price history? Glad you're so confident though!
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I don't follow... What do you think I am confident in?

I have followed Lucid's stock and dug into their financials a few times. It is a very unhealthy company whose sales are slipping, it costs them $200K to build a $100K car, and they are burning through cash.
 
mike1121 said:
Under $1k? It’s good to have dreams! 😂 The insurance was a bit of a shock, but I had gotten a quote beforehand so I was ready for it. Alas I haven’t been able to drive it as it’s been in service for going on a month now.
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I’ll sell you my air gt for $1,000
We can make the trade in 2036. Sound fair?
 
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