Lease rate for sure was the number 1 reason I cancelled. For them to act like the $7500 ev credit they are offering is helpful almost seems disingenuous. The other nickel and diming about the referal credit not being able to be used and the documentation fee increasing for no real reason/explanation also bothered me.
Totally get it. I’d give it six months before the lease rate comes way down both because of interest rates in general and incentives. Lucid will have to offer Gravity incentives in Q1 2026, I think. Regardless of whether they get the Touring on the market. There just isn’t enough demand in the $80,000+ EV market - especially with no tax credit.
Hope so! Thankfully im not in any rush or desperate need of a new car right now. Maybe while I wait one of those alleged solid state battery cars will come out. If Mercedes comes out with a true GLS EV with a solid state battery, I'd be hard pressed not to look at that!
I'm no attorney, nor have I stayed at a Holiday Inn Express recently. However, I did check my own purchase confirmation and read the following, which is the entirety of paragraph 12.
Definitely pricey for a short term lease. With an 18 month lease, you're really taking on the brunt of the initial depreciation. No other way around that. For comparison, at a similar vehicle configuration with no down payment other than the deposit, with 36 month / 12k per year lease, I was quoted over $1k less per month.
Acquisition fee is specific to lease, and can also be called 'bank fee.' It goes to BofA/LFS for handling/originating the lease. It does not exist if you purchase the car instead.
The $1650 is a Destination Fee and is included on all purchases whether from a pre-existing order, purchase directly at a location or purchased from the available online cars. The “additional” $2000 is a Delivery Fee and is only on the cars purchased via the Available Cars site. This Delivery Fee actually varies and if the car happens to be already located at you preferred SC, then there will be no additional Delivery Fee. But if it is located across country and will have to be moved to your SC, then the fee. I have seen this fee vary, I guess depending on how far away the car is from your location.
Live in Texas…. DEFINITELY not friendly to EVs, and the closer to Houston or Midland the more hostile it gets.What? Texas loves EVs. It’s the HQ of Tesla!
The solid state cars initialy will cost you 200k.....think they will be cheaper than the Lucid? NO WAY!
Will go down but not way down...SUV has a higher demand than a sedan.
That makes perfect sense; if they have super high demand right now, they have no reason to incentivize leases yet. So in short, I agree with you.
IDK. I think it will go down considerably to get below $1,000/month to lease. Interest rates are coming down so that alone will have an impact. And I think Lucid will have to introduce more incentives.
Texas franchise laws mandate that new cars be sold through independent dealerships, not directly by manufacturers.
The below will help. Your comment “saw disagreements” is accurate because there is no right answer. It’s entirely dependent on an individual’s financial situation, opportunity cost, etc. To your point above, you’re leasing to protect from an unknown future value drop. If you were going to keep the car 7 years or so, the depreciation wouldn’t matter - again, all personal preferences and circumstances so there will be disagreements.
While the residual value in the lease may be $68,970, chances are the actual value of the car will be less. You might be able to buy a different version of the same car for less than the residual value of the car you just leased. That potentially turns the equation around considerably: Lease+Buy-on-the-open-market could be even less than Cash Purchase.
