Thank you all. From what I learned here is 1) there isn't an option to increase the lease term miles. 2) You would only pay for the excessive miles at the lease return, not at the year mark. So, I can drive 15k/year for 2 years and then limit to 6k for the 3rd year (if I don't want to pay for the excessive miles).
Another thing came to my mind, does the wear&tear charge applies to the miles driven or to the leased years? Is wear&tear included in the .25/mile for excessive miles?
Not sure on the second question but: keep in mind that while contract terms are generally not modifiable after signing/executing the contract, what happens at the
end of the contract is between the parties to the contract.
Meaning: when you give up the car at the end of the lease (or a month or two before the end, or whatever), companies are generally incentivized to
keep you in the brand. The money they will make from reselling the car is not massive, especially because Lucid has set its residuals fairly aggressively, it seems. But they make a lot of money from
loyalty, and keeping you within the brand.
If you have excess miles, or a small amount of damage, or bald tires, or something... provided you are interested in either a new lease or purchasing a Lucid, there is a chance they will be willing to negotiate with you. I have no idea, because to my knowledge nobody has ever finished a Lucid lease yet.
When I leased my first Mazda, I had 42k miles on a 36k mile lease, and the dealership ate the 6k mile overage, as well as the last two months of the lease, to give me a great price for the trade-in so that I would buy a new Mazda, which I then did (I loved the car). That happens all the time at the end of leases, in
other car brands. I have no idea what will happen with Lucid.
Tesla is known for screwing you at the end of leases and dinging you at every possible turn, but they are the only company I know of that does.
