Lease Ending - Buy or Upgrade to 2025?

[OutrightPace]

My 18-month lease on my 2023 Air Pure AWD is drawing to a close, and I am trying to decide whether to purchase it or lease a new 2025 - most likely another Pure.

Overall I have been quite happy with my '23, and I do like the no-longer-available AWD power and Alcantara headliner in my configuration. That said, if moving into a '25 could fix some of its annoying bugs such as the intractable steering wheel creak or spotty door unlocking, I would probably do so.

Has anyone upgraded to a 2025 from an earlier model? Have you noticed differences between the two models? I live about 3 hours from the nearest dealership, so I haven't had the opportunity to arrange a test drive yet. Any experience you are willing to share would be appreciated.

 

[lucidtouringman]

My 18-month lease on my 2023 Air Pure AWD is drawing to a close, and I am trying to decide whether to purchase it or lease a new 2025 - most likely another Pure.

Overall I have been quite happy with my '23, and I do like the no-longer-available AWD power and Alcantara headliner in my configuration. That said, if moving into a '25 could fix some of its annoying bugs such as the intractable steering wheel creak or spotty door unlocking, I would probably do so.

Has anyone upgraded to a 2025 from an earlier model? Have you noticed differences between the two models? I live about 3 hours from the nearest dealership, so I haven't had the opportunity to arrange a test drive yet. Any experience you are willing to share would be appreciated.

I know that the infotainment system has a new upgraded chip which makes things snappier and others have commented on better fit and finish for newer models. Also, there is a heat pump addition in newer models but not sure specifically about the models you're looking at so please verify.

 

[kort6776]

the '25 models have a heat pump which probably will lessen the loss of range in cold weather. do the math to see what works out better.

 

[FA14]

When deciding whether to buy your 2023 Air or lease a 2025 model, consider the residual value in your current lease agreement—Lucid may offer a lower buyout price upon negotiation. Compare the cost of leasing or buying the 2025 model, especially if it includes upgrades like a heat pump and faster processor. The 2025 model might depreciate faster, but if you value the new features or better incentives, it could be worth leasing. If your 2023 still meets your needs and is in good shape, keeping it at the end of the lease might be a good option. With my lease ending in September, I’ll be definitely turning it back to the dealership and keep my options open for another air or gravity model, or switch to another brand.

 

[kort6776]

When deciding whether to buy your 2023 Air or lease a 2025 model, consider the residual value in your current lease agreement—Lucid may offer a lower buyout price upon negotiation. Compare the cost of leasing or buying the 2025 model, especially if it includes upgrades like a heat pump and faster processor. The 2025 model might depreciate faster, but if you value the new features or better incentives, it could be worth leasing. If your 2023 still meets your needs and is in good shape, keeping it at the end of the lease might be a good option. With my lease ending in September, I’ll be definitely turning it back to the dealership and keep my options open for another air or gravity model, or switch to another brand.

Lucid is not involved with the lease, it is all via bank of america, obviously they are a bank and all they care about is the terms of the contract. I don't see any sort of negotiating with them. as for buying the car at the end of the lease it all comes down to the math. is the value of the car higher than the buy cost? I would guess that the residual is higher than current value.

 

[marsarbu]

I would go for an 18-month lease. Otherwise:

1. You will pay more to buy the car from BoA than an equivalent from Autotrader.
2. You will be out of warranty soon.
3. You have no idea what the depreciation will be in a few years, given the rate at which EV innovation is moving.
4. It's not too late for Lucid to go belly up, in which case you will be stuck with a useless hunk of metal. See Fisker owners.

 

[Bobby]

I would go for an 18-month lease. Otherwise:

1. You will pay more to buy the car from BoA than an equivalent from Autotrader.
2. You will be out of warranty soon.
3. You have no idea what the depreciation will be in a few years, given the rate at which EV innovation is moving.
4. It's not too late for Lucid to go belly up, in which case you will be stuck with a useless hunk of metal. See Fisker owners.

Or, perhaps the optimist's view:

1. You're willing to pay a bit more because you will have your own car and you know its history.
2. The warranty is four years so you still have 2 1/2 years left.
3. Depreciation occurs significantly in the first year or two of ownership and then begins to level off. You have already accounted for that.
4. The chance of Lucid going belly up is extremely remote.

 

[marsarbu]

Or, perhaps the optimist's view:

1. You're willing to pay a bit more because you will have your own car and you know its history.
2. The warranty is four years so you still have 2 1/2 years left.
3. Depreciation occurs significantly in the first year or two of ownership and then begins to level off. You have already accounted for that.
4. The chance of Lucid going belly up is extremely remote.

1. "a bit more" is unknown at this point, we might be looking at $10k or so. Also the OP knows the history of his car and that's one of the reasons he's looking fwd to a newer model.
2. -
3. The problem here IMO is the wild unknown of what the depreciation of 2020 EV technology is going to be costing the owner in 2026. We're not talking here about a Lexus ES.
4. Talking about an optimist's view. Here's the market view
   
   

Let's call this a ... cautious approach.

 

[jbawden]

We generally don't do loans on cars (for more than a few months anyway) but for me, the opportunity costs and risk of allocating significant capital in a volatile EV market is too much. I'd rather know my costs by leasing the latest technology vs not knowing how bad and how fast the losses will be as an outright owner. This is particularly true given how artificially favorable the lease terms are.

 

[Blue Lectroid]

My 18-month lease on my 2023 Air Pure AWD is drawing to a close, and I am trying to decide whether to purchase it or lease a new 2025 - most likely another Pure.

Overall I have been quite happy with my '23, and I do like the no-longer-available AWD power and Alcantara headliner in my configuration. That said, if moving into a '25 could fix some of its annoying bugs such as the intractable steering wheel creak or spotty door unlocking, I would probably do so.

Has anyone upgraded to a 2025 from an earlier model? Have you noticed differences between the two models? I live about 3 hours from the nearest dealership, so I haven't had the opportunity to arrange a test drive yet. Any experience you are willing to share would be appreciated.

Hi there! Have a look at the following post that I did awhile back talking about what is new in the 2025's. Also, I am currently in a 2022 Loaner while KOP does some minor work on my 2025 AGT. There have been a lot of improvements in the 2025's...there's just an overall sense of improved build quality, faster response times for the infotainment system and significantly better cold weather range (if that matters to you). One final point...I almost bought a 2022 AGT and it would have been significantly less $$ for me than leasing a new one (I leased because of the $7500 EV credit still being available -- and it STILL is). I am very happy with my decision because of all of the refinemets in the 2025 cars.

Please feel free to PM me and, if you do decide to pull the trigger on a new one and find this information helpful, please feel free to use my Referral Code.

Thread 'Why is No One Talking About All of the Improvements to the 2025 GT?!?'

Nov 30, 2024

WHY ARE WE NOT TALKING ABOUT THIS MORE????

I have posted in several other threads on the Forum about my recent journey from driving a 2018 Tesla Model 3 Performance for the past six years to ordering Lucid Air Grand Touring (including this thread) and rather remarkably, I only learned of some SIGNIFICANT improvements to the Grand Touring starting in the 2025 Model Year AFTER making the decision to buy a 2025 model rather than trying to save some $$ on an earlier model year. Even my wonderful Lucid Rep at my local Studio (Alexxa Irizarry) did not mention the majority of those listed...

• Blue Lectroid
• Replies: 107
• Forum: Ordering / Pricing / Production / Delivery

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[OutrightPace]

Hi there! Have a look at the following post that I did awhile back talking about what is new in the 2025's. Also, I am currently in a 2022 Loaner while KOP does some minor work on my 2025 AGT. There have been a lot of improvements in the 2025's...there's just an overall sense of improved build quality, faster response times for the infotainment system and significantly better cold weather range (if that matters to you). One final point...I almost bought a 2022 AGT and it would have been significantly less $$ for me than leasing a new one (I leased because of the $7500 EV credit still being available -- and it STILL is). I am very happy with my decision because of all of the refinemets in the 2025 cars.

Please feel free to PM me and, if you do decide to pull the trigger on a new one and find this information helpful, please feel free to use my Referral Code.

Thread 'Why is No One Talking About All of the Improvements to the 2025 GT?!?'

Nov 30, 2024

WHY ARE WE NOT TALKING ABOUT THIS MORE????

I have posted in several other threads on the Forum about my recent journey from driving a 2018 Tesla Model 3 Performance for the past six years to ordering Lucid Air Grand Touring (including this thread) and rather remarkably, I only learned of some SIGNIFICANT improvements to the Grand Touring starting in the 2025 Model Year AFTER making the decision to buy a 2025 model rather than trying to save some $$ on an earlier model year. Even my wonderful Lucid Rep at my local Studio (Alexxa Irizarry) did not mention the majority of those listed...

• Blue Lectroid
• Replies: 107
• Forum: Ordering / Pricing / Production / Delivery

• 
• 
• 

Thank you, this is quite helpful.

 

[Blue Lectroid]

Thank you, this is quite helpful.

Excellent. Glad I could help!

 

[Batteryman]

I would go for an 18-month lease. Otherwise:

1. You will pay more to buy the car from BoA than an equivalent from Autotrader.
2. You will be out of warranty soon.
3. You have no idea what the depreciation will be in a few years, given the rate at which EV innovation is moving.
4. It's not too late for Lucid to go belly up, in which case you will be stuck with a useless hunk of metal. See Fisker owners.

I disagree with 4. Lucid not going anywhere...did you see the 50% sales increase. You cannot compare Lucid to Fisker...its like oranges and apples.

 

[Batteryman]

My 18-month lease on my 2023 Air Pure AWD is drawing to a close, and I am trying to decide whether to purchase it or lease a new 2025 - most likely another Pure.

Overall I have been quite happy with my '23, and I do like the no-longer-available AWD power and Alcantara headliner in my configuration. That said, if moving into a '25 could fix some of its annoying bugs such as the intractable steering wheel creak or spotty door unlocking, I would probably do so.

Has anyone upgraded to a 2025 from an earlier model? Have you noticed differences between the two models? I live about 3 hours from the nearest dealership, so I haven't had the opportunity to arrange a test drive yet. Any experience you are willing to share would be appreciated.

If you like the Lucid, get a 2025 if you can afford it. Worth the upgrades and quality improvements. And you get longer warranty.

 

[marsarbu]

I disagree with 4. Lucid not going anywhere...did you see the 50% sales increase. You cannot compare Lucid to Fisker...its like oranges and apples.

Feel free to disagree, most of the time I don't know what I'm talking about. But there are a lot of people out there, much smarter than me, that dedicate 10 to 14 hours of their day, including weekends, at trying to anticipate the evolution of a company. Billions of dollars hinge on their guess. And they don't see a path fwd for Lucid, at the moment.

Even if the sales increased 50%. From 10 to 15 cars

Also I was not comparing Lucid to Fisker. I was referring to the pain of the Fisker owners - or any brand for that matter - that goes t!ts up.

 

[Grewsome]

I have a 2025 and yesterday I got an older loaner. When I saw how slow the infotainment was and how creaky the car was, I was very glad I waited and got a 2025. Don't know how people live with that computer that slow.

 

[Blue Lectroid]

Feel free to disagree, most of the time I don't know what I'm talking about. But there are a lot of people out there, much smarter than me, that dedicate 10 to 14 hours of their day, including weekends, at trying to anticipate the evolution of a company. Billions of dollars hinge on their guess. And they don't see a path fwd for Lucid, at the moment.

Even if the sales increased 50%. From 10 to 15 cars

Also I was not comparing Lucid to Fisker. I was referring to the pain of the Fisker owners - or any brand for that matter - that goes t!ts up.

And that is what makes markets...there needs to be a person willing to buy every share sold and vice versa. Only time will tell, but for my money Lucid looks like one of the long term players in the space...

 

[Lucken]

I have a 2025 and yesterday I got an older loaner. When I saw how slow the infotainment was and how creaky the car was, I was very glad I waited and got a 2025. Don't know how people live with that computer that slow.

I just don’t see that slowness in my 23 Pure. It’s just fine.

 

[Grewsome]

I just don’t see that slowness in my 23 Pure. It’s just fine.

Hmmm. Maybe it's just my loaner then. There's a lot with the loaner that I don't like and it's a GT vs my touring. I thought it was model year differences, but maybe the loaner is just buggy/creaky.

 

[Batteryman]

Feel free to disagree, most of the time I don't know what I'm talking about. But there are a lot of people out there, much smarter than me, that dedicate 10 to 14 hours of their day, including weekends, at trying to anticipate the evolution of a company. Billions of dollars hinge on their guess. And they don't see a path fwd for Lucid, at the moment.

Even if the sales increased 50%. From 10 to 15 cars

Also I was not comparing Lucid to Fisker. I was referring to the pain of the Fisker owners - or any brand for that matter - that goes t!ts up.

Well, if you realize Lucid is backed by a trillion dollar soverign fund of an oil rich Government, you will understand. They built the first automobile manufacturing plant in the Middle East...think Saudis will just let it drift away? Not only that, it has been proven that Lucid EV technology is the best....better than Tesla. So its not just a company that has a piggy bank, its a company that is the best in the world at what it does.

Tesla fanboys always spread hate against it, ignore them....they are jealous that Lucid makes a better car