Lease return difficulties

[Jiminga]

When Lucid hired BofA to handle their lease financing, it was like placing a solid diamond bracelet around the snout of a pig. They simply shouldn't be seen within a hundred yards of each other, and never should the two meet. My future with Lucid depends on how my lease turn in goes.

 

[kort6776]

My future with Lucid depends on how my lease turn in goes.

agreed, I am in that same boat.

 

[HC_79]

When Lucid hired BofA to handle their lease financing, it was like placing a solid diamond bracelet around the snout of a pig. They simply shouldn't be seen within a hundred yards of each other, and never should the two meet. My future with Lucid depends on how my lease turn in goes.

They may have not had any choice. You see how hard it appears to be for them to secure parts the same rule probably applies to financing \ leasing. They're the new kid on the block with many companies probably seeing them as too risky. They're probably also under a contract with BoA where they simply can't just walk away even if they could find someone to back them for financing \ leasing.

If they could even walk away, the best bet for them would be to convince the PIF to spawn Lucid Financial Services division under it's umbrella but the volume of cars probably isn't worth the investment to spin up a whole financial arm let alone all the potential legalities involved etc. so this is where we're at.

 

[fisheral]

Lucid needs to step in and at least agree to cover some of the more outrageous "damage" claims, especially because their own description of excess wear was basically fraudulent.

 

[HC_79]

Lucid needs to step in and at least agree to cover some of the more outrageous "damage" claims, especially because their own description of excess wear was basically fraudulent.

Yeah, that's between Lucid and BoA. All I know is Lucid is definitely aware of the situation so who knows, discussions could be happening behind closed doors already. Regardless, it does seem like they've done a deal with the devil though.