What's new
By:

If leasing is not available, would you cancel your Gravity order?

If leasing is not available, would you cancel your Gravity order?

  • Yes

    Votes: 37 68.5%

  • No

    Votes: 17 31.5%
  • Total voters
    54
flarbear said:
AFAICT, taking a 27 month lease on a P3 with the current incentives and buying it out the next day saves you over $10k on just purchasing it. If you own a Tesla, even more.
Click to expand...
Oh I see what you’re saying. Yes, buying out the lease to get the $7500 fed incentive makes sense. Buying it out early may or may not make sense depending on the interest rate of the lease. Subsidized leases generally have very low interest rates so if the interest rate is less than what it would cost to finance ~6%. it would make sense to keep the lease for the full duration and THEN buy it out
 
momo3605 said:
Oh I see what you’re saying. Yes, buying out the lease to get the $7500 fed incentive makes sense. Buying it out early may or may not make sense depending on the interest rate of the lease. Subsidized leases generally have very low interest rates so if the interest rate is less than what it would cost to finance ~6%. it would make sense to keep the lease for the full duration and THEN buy it out
Click to expand...
Yeah, kind of. But in this case they are offering $15k incentive + $5k more for Tesla owners is $20k off, but only if you lease.
 
MidnightAir said:
When I leased a BMW X3 years ago, I faced one unexpected challenge. I decided I wanted to buy it out at the end of the lease and was ok with the residual value specified in the lease terms. Even though I was buying the car I had been driving for 3 years, BMW needed me to drive to a service center for an inspection. There they found a number of minor issues that I needed to address first "to assure my car would be safe to sell". I was incredulous, since I was already driving the same supposedly unsafe car, and just wanted to buy it at the agreed value. That was the fourth BMW I owned (the first that was leased), and I said if they didn't waive the BS charges and just let me buy the car, they would lose a good customer for life. They didn't budge. I paid the repair charges, turned in the lease and won't ever buy another BMW.

My AT is only the second car I've leased - the incentives were too good to turn down. I hope the Lucid lease turn-in process is more friendly than BMW's.
Click to expand...
Wow, that is insane!!! I too would never buy another BMW after that, what a load of crap!
 
flarbear said:
Yeah, kind of. But in this case they are offering $15k incentive + $5k more for Tesla owners is $20k off, but only if you lease.
Click to expand...
Lucid should offer a “switch from Tesla” offer. Make it’s tasteful though. No bad blood, just “if you’re switching from another electric car company”, and keep it at that. No need to weigh into politics or preference.
 
californiaboy935 said:
Lucid should offer a “switch from Tesla” offer. Make it’s tasteful though. No bad blood, just “if you’re switching from another electric car company”, and keep it at that. No need to weigh into politics or preference.
Click to expand...
The did! My dad got that on his AT in February. I forget the amount…I think it was $1000?
 
You must log in or register to reply here.

Similar threads

A
Lucid Gravity SUV Now Available for Order in Canada, Starting at C$134,500
Replies
0
Views
197
alanmaz85
A
Murcie
Referral Program Questions
Replies
1
Views
200
marqie
marqie
B
Kids and gear for Gravity
Replies
11
Views
695
Eagleye
E
F
Temporary car...
2
Replies
20
Views
620
flarbear
F
H
  • Poll Poll
Gravity Seating Configuration
Replies
19
Views
1K
BS8899
B
Back
Top