Lease Deals are INSANELY GREAT

[momo3605]

isn't the idea of the subsidies to move cars? I still see a lot of cars sitting. if a new air gt is similar in cost to a taycan, I'd have to make hard choices.

Are you considering buying or leasing again? If you’re leasing again, Taycan will definitely be way more expensive. If you’re buying new then yea…a base Taycan and an Air GT probably will probably cost the same.

 

[BS8899]

I believe our lease contracts indicate a 5 month extension is possible.

I thought I saw somewhere (but I can't remember where) that ~83% of the Lucid Airs were leased. If so, there will be a bunch of them coming due in the next 12-24mos.

I have no idea what the financial implications are and how this would affect the resale value of the Air. And what are the implications for Gravity's residuals.

Does anyone in this forum has the expertise to give us a high-level tutorial?

 

[BS8899]

I thought I saw somewhere (but I can't remember where) that ~83% of the Lucid Airs were leased. If so, there will be a bunch of them coming due in the next 12-24mos.

I have no idea what the financial implications are and how this would affect the resale value of the Air. And what are the implications for Gravity's residuals.

Does anyone in this forum has the expertise to give us a high-level tutorial?

I think this data was what I referred to. This data is Jul'2024, I think.

Legacy and startup EV sales likely to drop if leasing tax credit is overturned

Lucid Motors, VinFast, Rivian, and several other EV makers are likely to see their sales drop if President-elect Donald Trump follows...

www.teslarati.com

 

[momo3605]

I thought I saw somewhere (but I can't remember where) that ~83% of the Lucid Airs were leased. If so, there will be a bunch of them coming due in the next 12-24mos.

I have no idea what the financial implications are and how this would affect the resale value of the Air. And what are the implications for Gravity's residuals.

Does anyone in this forum has the expertise to give us a high-level tutorial?

Lucid can always start selling certified pre-owned Lucid’s that are lease returns. I suspect they’ll still take a loss compared to the residual values set on those leases, but it won’t be nearly as bad as shipping them off to Auction.

Gravity I expect should do better than the Air. Given the NACS support, faster charging, more practical design, I think we’ll see the values hold a bit better, along with the fact that SUVs are more popular in the US anyway. It will still be low volume, I don’t think the Gravity is for everyone given the 6 figure pricing, but for those that simply want the most efficient, fastest road tripping, largest family vehicle, there’s currently no other option.

 

[037]

Lucid can always start selling certified pre-owned Lucid’s that are lease returns. I suspect they’ll still take a loss compared to the residual values set on those leases, but it won’t be nearly as bad as shipping them off to Auction.

Gravity I expect should do better than the Air. Given the NACS support, faster charging, more practical design, I think we’ll see the values hold a bit better, along with the fact that SUVs are more popular in the US anyway. It will still be low volume, I don’t think the Gravity is for everyone given the 6 figure pricing, but for those that simply want the most efficient, fastest road tripping, largest family vehicle, there’s currently no other option.

The higher the starting price, the harder the fall. A Gravity GT fully loaded will have a bigger drop than the base. Air GT started at 150+ and that was unsustainable, Gravity GT started much lower, when it first came out I was only dreaming 130k would cover what I wanted. Out the door at $117.5 before tax…prices have dropped more than a little and they will continue going down.

Main lease draw is the instant $7500 discount, then dropping residual of all EVs.

I personally plan to lease and if that isn’t available some hard thinking will need to occur. I am no fan of losing 80k in 3 years.

 

[momo3605]

Main lease draw is the instant $7500 discount, then dropping residual of all EVs.

True but 7500 is kind of a drop in the bucket when you're talking about 6 figure cars. Leases have their own fees like acquisition, disposition, additional taxes, etc...there is still some benefit, but it's closer to $6k. The biggest factor is going to be the money factor and residuals. Lucid has been using inflated residuals to make the leases attractive.

But I suspect they will not have good lease terms available until they've sold off the first wave of Gravity's to buyers who want to be first and don't care about depreciation. Then the good leases will follow!

 

[Blue Lectroid]

I can see this. And perhaps especially for vehicles that are at risk of languishing in Scottsdale, they might be especially aggressive on reducing lease costs. While my AT and the OP‘s AGT were being pitched to us at almost the same time, both for 36 mo, they may well have had more of an overstock of his vehicle. My AT was relatively fresh off the assembly line, just a month before. It also wasn’t quite as fully loaded (I skipped 20 inch wheels and SSP), so those revenues for Lucid were less in mine.

Still, a remarkably wide variation—so yes, a close look at the numbers is key!

My build date on the door was just 25 days from the date I received the car. Also, for the spec I wanted it was the only car available at the time. Perhaps its that a fully loaded AGT has a lot more built in profit in the vehicle itself, so they can afford to make less money on the financing?

 

[kort6776]

Are you considering buying or leasing again? If you’re leasing again, Taycan will definitely be way more expensive. If you’re buying new then yea…a base Taycan and an Air GT probably will probably cost the same.

the mid level tayacan, 4s, can be closely priced to an air GT when leased.

 

[kort6776]

Lucid can always start selling certified pre-owned Lucid’s that are lease returns. I suspect they’ll still take a loss compared to the residual values set on those leases, but it won’t be nearly as bad as shipping them off to Auction.

Gravity I expect should do better than the Air. Given the NACS support, faster charging, more practical design, I think we’ll see the values hold a bit better, along with the fact that SUVs are more popular in the US anyway. It will still be low volume, I don’t think the Gravity is for everyone given the 6 figure pricing, but for those that simply want the most efficient, fastest road tripping, largest family vehicle, there’s currently no other option.

Lucid offered the great lease terms because the cars were not selling, the high end EV market has gotten a bit worse. I do not know how Lucid will be handling the returns of the many 18 month lease cars they moved a year ago.

 

[BS8899]

Lucid offered the great lease terms because the cars were not selling, the high end EV market has gotten a bit worse. I do not know how Lucid will be handling the returns of the many 18 month lease cars they moved a year ago.

I share your concerns!