July 2024 Lucid Lease Deals

[nohjisup]

July 2024 Lucid Lease Deals

NJ 2024 Pure - $69,900 MSRP before discounts
(Put $4,750 in Down Payment) $4,000 OnSite Credit + $750 Referral Credit + $500 Deposit + $662 Due at Delivery = $544/m x 18m, 12k miles = Total Cost of Lease $10,410.

NJ 2024 Touring - $77,900 MSRP before discounts
(Put $5,000 in Down Payment) $4,000 OnSite Credit + $1,000 Referral Credit + $500 Deposit + $743 Due at Delivery = $625/m x 18m, 12k miles = Total Cost of Lease $11,868

FL 2024 Pure - $69,900 MSRP before discounts
(Put $4,750 in Down Payment) $4,000 OnSite Credit + $750 Referral Credit + $500 Deposit + $960 Due at Delivery = $579/m x 18m, 12k miles = Total Cost of Lease $11,303.

FL 2024 Touring - $77,900 MSRP before discounts
(Put $5,000 in Down Payment) $4,000 OnSite Credit + $1,000 Referral Credit + $500 Deposit + $1,062 Due at Delivery = $665/m x 18m, 12k miles = Total Cost of Lease $12,867

CA 2024 Pure - $69,900 MSRP before discounts
(Put $4,750 in Down Payment) $4,000 OnSite Credit + $750 Referral Credit + $500 Deposit + $2,038 Due at Delivery = $595/m x 18m, 12k miles = Total Cost of Lease $12,653.

CA 2024 Touring - $77,900 MSRP before discounts
(Put $5,00 in Down Payment) $4,000 OnSite Credit + $1,000 Referral Credit + $500 Deposit + $2,203 Due at Delivery = $684/m x 18m, 12k miles = Total Cost of Lease $14,331

 

[Tqlucid]

What is put x$ down on downpayment mean? Is that included in your total lease costs?

 

[nohjisup]

What is put x$ down on downpayment mean? Is that included in your total lease costs?

The down payment is what you input into the Lucid lease calculator on their website to offset the onsite credit and referral credit. You’re not actually paying this in cash. The Amount Due at Delivery are Taxes, Fees, First Month, minus the Onsite Credit and Referral Credit that you put into the Down Payment section.

 

[Tqlucid]

Got it. Thank you. Anyone know what Lucia is using for residual on the cars at the current lease rates?

I still dont get it. I am paying $550 a month on a pure 2024 for a car with a 74.5k msrp and put $1200 down including first months payment. I “only” got the 5k on site and referral credit. How are these lease prices slightly higher with a much more generous credit? I think you get 7.5k ev credit and than another 7.5k and then 4K on site plus referral. Lease prices should be much lower with all this! I’m confused.

 

[Tqlucid]

Only thing that makes sense is the “rent charge” is a lot higher now… in which case these credits mean the lease deals aren’t better than they were before. They are still very good but not better. Am I right? Or am I missing something here

 

[nohjisup]

Got it. Thank you. Anyone know what Lucia is using for residual on the cars at the current lease rates?

I still dont get it. I am paying $550 a month on a pure 2024 for a car with a 74.5k msrp and put $1200 down including first months payment. I “only” got the 5k on site and referral credit. How are these lease prices slightly higher with a much more generous credit? I think you get 7.5k ev credit and than another 7.5k and then 4K on site plus referral. Lease prices should be much lower with all this! I’m confused.

With $1,

Only thing that makes sense is the “rent charge” is a lot higher now… in which case these credits mean the lease deals aren’t better than they were before. They are still very good but not better. Am I right? Or am I missing something here

The Pure is now $544/m in July 2024. In June, the same deal would have been $586/m. It’s definitely lower month over month.

The rent charge on my lease agreement from 06/30/2024 show a Rent Charge of $3,815.

18 m lease, 12k miles, NJ.

 

[Tqlucid]

Thank you. Yea I’m paying $550. My rent charge is only $2200 or so if I recall. So my point is, compared to April of this year the deals are about the same. They just increased the rent charge (money factor).

 

[nohjisup]

From what I’ve seen, the 2023 model lease deals were the best in April 2024.

The 2024 models declined in price between June and July.

It’s all plus and minus, they increase the Air Credit, reduce the Onsite Credit, reduce the residual value and increase the Rent Charge.

Whether you leased in April, May, June or July, the Lucid lease deals are great.

 

[Tqlucid]

Yes they are. All good deals all within a close range. Agree!