Lease Agreement Doc - MSRP vs “Agreed Upon Price”

[LucidNYGuy]

Just picked up today my new Air Touring (!!) and noticed the lease agreement shows the gross capitalized cost at $77K while my touring MSRP is $84K (inc comfort package, Tahoe leather”…) nowhere in the lease agreement does it show the MSRP vehicle price of $84K….Anyone notice that?

The numbers (monthly price, fee breakdown, etc..) are all correct and identical to the Lucid calculator when I made the order, but I find it slightly shady that the original MSRP price is not given anywhere in the lease agreement.

I’ve done many lease agreements and the “gross capitalized cost” is always the MSRP…

 

[LucidNYGuy]

Thinking out loud that maybe because there is no dealer nor negotiaiton on price they don’t technically have an MSRP (lucid calls it “vehicle price”) and they don’t need to include in lease agreement

 

[alee]

You can find this on the "Vehicle Configuration Summary" document. All of your discounts appear here as well since they are not on the contract. I just went through the same search.

 

[DrZorro]

It might be the $7500 EV tax credit built in.

 

[alee]

The EV tax credit is found in section 7 of the contract. The Air credit and other credits are in that configuration summary document. All the math checks out, it's just that all the values are not on one document.

 

[Drew46]

MSRP is irrelevant to your lease contract. It is just the suggested retail price - not the agreed upon purchase price. The lease company does not care about the retail price, wholesale price, discount, tax credit or anything else other than the purchase price the lease company need to pay Lucid.