- Joined
- Nov 19, 2021
- Messages
- 9,989
- Reaction score
- 11,702
- Location
- Cupertino, CA
- Cars
- Air DE-P, ZR, 21"
- DE Number
- 241
- Referral Code
- Q1BTN5Y3
For example, you could lease a vehicle and then buy it out early. In that case, you’d be responsible for the residual and all the monthly payments, but only the interest for the time you had the lease. It very much depends on the lease language.How would interest costs be saved paying upfront on a lease? Isn't that interest already factored into the lease at signing?
Some of us (at least @SaratogaLefty and myself) did this with Hyundai/Genesis; I leased the Ioniq 5, so that I could get the $7500 credit, and then paid off the lease in a few days, incurring only the most minimal of interest charges. Saved me a ton of money over buying it outright, since the $7500 credit only applies to leases.
I do not know if Lucid’s lease paperwork allows this.