Gravity delivery on Tuesaday

[Azogue303]

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.

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).

 

[gmoney]

Afternoon,

I just picked up Gravity this morning and I was very pleased with the experience and the fact that everything looks great and “WORKS”.

My delivery specialist was knowledgeable and happy upbeat.

Excited to spend some time with her

 

[Bunnylebowski]

Some data from NY

What’s the loyalty credit? Is that only available to leases or also purchase?

 

[thyname]

Some data from NY

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

 

[ejesse]

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).

Yeah I get the DE calculator error as well.

 

[037]

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

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

 

[iorchii]

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.

Depending on your tax filing & residence state.

When purchasing with the combo of section 179 & the 100% bonus depreciation it reduces your tax liability in the upwards of $20k for a $120k Gravity.