Gravity Orders Discussion

[TakeDuo]

Do you guys think buying this car brand new is a good buy if planning to keep longer than five years , like when do you think u will lose the most value, I’m just afraid of losing so much value but want to buy it and have it early before most people have it and don’t want to wait! Lol

Well, since this a Lucid forum and this is a Gravity Order specific thread, I’m guessing you I’ll find most responses positive to buying in here.

I’m certain build quality will be good out the gate. But with any launch product, I’m sure there will be some “quirks” you may find. Waiting for production to ramp up and feedback from a large customer base should help future builds if any. However, if missing out on the newness and being the first on your block, then go for it!

The decline in valuation across the Air line was largely economic and EV decline holistically as a segment. Who knows how any of these will hold value long term.

 

[HC_79]

Do you guys think buying this car brand new is a good buy if planning to keep longer than five years , like when do you think u will lose the most value, I’m just afraid of losing so much value but want to buy it and have it early before most people have it and don’t want to wait! Lol

If I were in your shoes, I would lease the car and observe how the depreciation unfolds over the 3 year period. Luxury cars experience a significant depreciation early on and tend to stabilize in the long run. However, being an EV is contributing to an already substantial depreciation rate making it worse. I’m also not sure about the impact Lucid’s brand recognition and people’s potential concerns about the company’s financial stability are playing on depreciation either.

I’ve seen some Airs being sold at shockingly low prices, with anything from a 40% to 60% loss within a year. This isn’t an isolated to the Air; I’ve observed similar depreciation rates with the EQS and other models. While it’s possible that the depreciation has plateaued and stabilized, it’s still uncertain whether it will continue to decline or even worsen.

If, at the end of the lease, the residual value is worth purchasing, then you can do so. However, if the value significantly drops, you can simply return the car to Lucid and lease another one, or could potentially pick up a bargain on the second hand market.

 

[msaunders9430]

Someone on Reddit shared 20 pictures of a production vehicle being showcased in Las Vegas.

https://www.reddit.com/r/LUCID/s/NEkDbJqtE1

Nice, close up pictures!

That is one nice looking ev.
I continue to visualize a Touring version in my driveway.
Vision to reality; 2025!

 

[Batteryman]

If the delay is from not having access to the SC network yet, I'd say that it's the fault of all the people clamoring for NACS to be a standard port and letting 1 company have all the control over that charging network. So if that's the reason, it makes perfect sense, otherwise, the flip side would be, why Lucid was stupid for not switching to NACS and keeping CCS ports on the Gravity. I remember plenty of people applauding Lucid for switching to NACS on the Gravity without realizing how much delay it would cause in the deliveries of the vehicles. If it's true that SC access will be granted by February, that's already a win because wasn't access originally slated for later 2025?

Pretty dumb how Ford and GM jumped on the NACS bandwagon forcing everyone else to do it. Great plan....be at the mercy of Tesla.....Detroit's incompetence never ceases to amaze me...

 

[Blue Lectroid]

Do you guys think buying this car brand new is a good buy if planning to keep longer than five years , like when do you think u will lose the most value, I’m just afraid of losing so much value but want to buy it and have it early before most people have it and don’t want to wait! Lol

You’ve gotten some good advice already. I would just add a few things:

1. I will be buying one to replace my wife’s Ioniq 5 in another year or two.

2. There is always a balancing act between early adopter and sorted…meaning, it’s really fun to have one of the first of these on the road and get to enjoy it before everyone else. You need to balance that with the inevitable tweaking that gets done when a highly complex new vehicle first goes into production. There WILL be issues that need to be corrected that Lucid cannot foresee. If your personality is such that you won’t freak when that happens, they are good people, will stand by the product and eventually you’ll have a well sorted car. If, on the other hand you are like many on this forum that get frustrated to no end by relatively little things and expect perfection Day One? Stay away for 12-18 months…

3. There is zero way around taking a massive depreciation hit when you buy a new luxury car…EV or not. That said, there is very little in relative depreciation (given similar specs, mileage and condition) between the 2022 Airs and 2024 Airs which says to me that waiting in the hopes that later models will depreciate less is unnecessary.

Finally, were my wife’s Ioniq 5 older (it is less than 2 years old) and had I not JUST leased a 2025 Air, I would have put my deposit down for the Gravity already. As it stands, I still need to amortize the depreciation hit on our Ioniq 5 (40% or so!!!) over a few more years before jumping into a Gravity…as much as it looks like an absolutely STELLAR vehicle!!

 

[tonykerf1]

If I were in your shoes, I would lease the car and observe how the depreciation unfolds over the 3 year period. Luxury cars experience a significant depreciation early on and tend to stabilize in the long run. However, being an EV is contributing to an already substantial depreciation rate making it worse. I’m also not sure about the impact Lucid’s brand recognition and people’s potential concerns about the company’s financial stability are playing on depreciation either.

I’ve seen some Airs being sold at shockingly low prices, with anything from a 40% to 60% loss within a year. This isn’t an isolated to the Air; I’ve observed similar depreciation rates with the EQS and other models. While it’s possible that the depreciation has plateaued and stabilized, it’s still uncertain whether it will continue to decline or even worsen.

If, at the end of the lease, the residual value is worth purchasing, then you can do so. However, if the value significantly drops, you can simply return the car to Lucid and lease another one, or could potentially pick up a bargain on the second hand market.

I wanted to lease but they saying lease is not an option

 

[DBV]

I wanted to lease but they saying lease is not an option

Unless something has changed, It will definitely be an option. Nick Twork stated that on X on Jan 1st that they are working on lease programs. He does an awesome job communicating on X.

 

[tonykerf1]

Unless something has changed, It will definitely be an option. Nick Twork stated that on X on Jan 1st that they are working on lease programs. He does an awesome job communicating on X.

My sales rep told me out the gate no leasing, maybe a few months down the road they will have it, hopefully so, if not I’m just going to buy. I’m hoping this will be a car I will enjoy for multiple years, I was just kind of worried about the company going bankrupt and massive depreciation, but a few people suggested that if keeping for let’s say 5 or more years the depreciation slows down

 

[DBV]

My sales rep told me out the gate no leasing, maybe a few months down the road they will have it, hopefully so, if not I’m just going to buy. I’m hoping this will be a car I will enjoy for multiple years, I was just kind of worried about the company going bankrupt and massive depreciation, but a few people suggested that if keeping for let’s say 5 or more years the depreciation slows down

Will see. I trust Nick way more than any sales rep.

 

[illopp00]

If I were in your shoes, I would lease the car and observe how the depreciation unfolds over the 3 year period. Luxury cars experience a significant depreciation early on and tend to stabilize in the long run. However, being an EV is contributing to an already substantial depreciation rate making it worse. I’m also not sure about the impact Lucid’s brand recognition and people’s potential concerns about the company’s financial stability are playing on depreciation either.

I’ve seen some Airs being sold at shockingly low prices, with anything from a 40% to 60% loss within a year. This isn’t an isolated to the Air; I’ve observed similar depreciation rates with the EQS and other models. While it’s possible that the depreciation has plateaued and stabilized, it’s still uncertain whether it will continue to decline or even worsen.

If, at the end of the lease, the residual value is worth purchasing, then you can do so. However, if the value significantly drops, you can simply return the car to Lucid and lease another one, or could potentially pick up a bargain on the second hand market.

I am seeing EV depreciation slow down drastically absent OEM MSRP price cuts. The Cybertruck is guaranteed to have a 25% drop coming since they pretty much ran out of buyers at the higher prices and had targeted 65K for the 2 motor one. Lucid I think has largely solved their pricing, however it's a luxury high-end product, and those generally lose 20% coming off the lot from new.

 

[RD7]

Nice, close up pictures!

That is one nice looking ev.
I continue to visualize a Touring version in my driveway.
Vision to reality; 2025!

Nice to see some details on what changed since the pre-production models, such as the HUD. In my colors, too (not that I am unique, there )! Best view of the titanium brake calipers I have seen. They go really well with Aurora Green.
I noticed the adapter box in the back, but upon closer inspection it's just a J1772 to NACS adapter.

 

[037]

I am a little ticked that the OP of the photos said the HUD was not functional on a production vehicle. While I am OK with some early bugs I am NOT ok to spend 3k on a HUD that doesn’t work first day I get the vehicle.

If you want to release the HUD feature later, bill me later!

 

[privacylaw]

Ordered Nov. 7th. Fully loaded.
Has anyone in this group taken delivery? It seems as though Q4 was limited to a few cars to those closely affiliated with Lucid. Curious when real production rolls out.

 

[Blue Lectroid]

I am a little ticked that the OP of the photos said the HUD was not functional on a production vehicle. While I am OK with some early bugs I am NOT ok to spend 3k on a HUD that doesn’t work first day I get the vehicle.

If you want to release the HUD feature later, bill me later!

Remember, these cars are going to a select few folks very close to Lucid that are probably both aware of and accepting of them not being 100% sorted...

 

[037]

Remember, these cars are going to a select few folks very close to Lucid that are probably both aware of and accepting of them not being 100% sorted...

Sure, I get that, but don’t call them production units. Or real cars are getting delivered in 6 months where basic features will actually get turned on?

And by basic I mean their most expensive premium features.

Lack of HUD functionality makes me want to take my order down by 6k if I can’t expect the basics to work.

 

[Blue Lectroid]

Sure, I get that, but don’t call them production units. Or real cars are getting delivered in 6 months where basic features will actually get turned on?

And by basic I mean their most expensive premium features.

Lack of HUD functionality makes me want to take my order down by 6k if I can’t expect the basics to work.

I understand your concern and frustration but I also imagine that this will be something you will have an opportunity to address with Lucid when it comes time to finalize your order and / or take delivery. Why worry about it now? Lucid said this was going to be a very slow roll out over the first half of the year starting with a few cars before the end of 2024 to "close friends" of the company, then expanding to press cars and cars for the studios and then on to "regular" customers. We have not even gone through the second stage of this process yet...

 

[DeaneG]

...Lack of HUD functionality makes me want to take my order down by 6k if I can’t expect the basics to work.

These first 9 Gravities have little bearing on the car you'd buy. Think of them as beta units.

 

[HC_79]

These first 9 Gravities have little bearing on the car you'd buy. Think of them as beta units.

Shouldn’t the beta units have been the pre-production units……

 

[Blue Lectroid]

Shouldn’t the beta units have been the pre-production units……

No. That is not not necessarily always how it works. Something is often called a production unit once all of the final parts bins, tolerances, build parameters, and specs have been finalized and they begin to be made on the production line. We did EXACTLY the same thing when I ran a high0end guitar manufacturing company -- we gave our best customers the opportunity to buy our first production units of new models explaining full well that they may not yet be perfect and that we wanted any / all feedback to help us refine things. As a matter of fact, in several instances with new models our customers paid MORE for the first ten of a new model than later built units -- even though they may not have been as refined. Granted high-end guitars can be an appreciating asset as opposed a depreciating motor vehicle, but I think the point stands.

 

[msaunders9430]

I understand your concern and frustration but I also imagine that this will be something you will have an opportunity to address with Lucid when it comes time to finalize your order and / or take delivery. Why worry about it now? Lucid said this was going to be a very slow roll out over the first half of the year starting with a few cars before the end of 2024 to "close friends" of the company, then expanding to press cars and cars for the studios and then on to "regular" customers. We have not even gone through the second stage of this process yet...

If the press cars are not fully functional, I don't see that going over well in a press review.

Press cars are more important than regular customer cars to me. Regular customers don't have online audiences.