PPF on leased Gravity?

[Bdr100]

I have never leased a vehicle but I recently leased a GGT for 3 years, partly to take advantage of $7500 EV credit available on leased cars and more so due to my somewhat cautious view on future viability of Gravity and more so on Lucid as a whole. I usually buy and keep cars for 8-10 years. IF my Gravity evolves into the car I hope it does, IF Lucid survives these troubled times and looks like a very viable car company in 3 years, IF resale value of Gravity has not plummeted through the floor in 3 years, then I will probably pay off the residual value at lease end and keep my Gravity for a total of 8-10 years. If however, one or more of those IF’s above come about, I am likely to walk away at end of lease.

Based on all of the above, I am trying to decide what to do with regards to vehicle paint protection. In past couple of cars I have regularly done a front 1/4 wrap to protect from paint chips and then ceramic coat the entire car. This process has served me well. My biggest concern is that if I wrap front of leased vehicle and then return car in 3 years, will the wrap be considered a modification that I would need to remove prior to return? If that is the case, wrap is a definite no go (would still go ahead with ceramic coat.)

Yes, I know that spending $2000 on front wrap will not be recouped at end of lease, but I am willing to take that risk hoping that I will decide at end of lease to keep the Gravity and will have invested in protecting my “future” car. There is also the benefit that if I decide to return car at end of lease (and if I am not required to remove the PPF) I will have protected the front end from paint chips and less likely to get hit up for those issues at lease return.

So, any recommendations or input? And yeah I know, there are a lot of IF’s in the above.

 

[HC_79]

You mention the biggest IF which is why I wouldn’t put more money into it like doing PPF. I’d be very surprised if the residual is actually aligned with the market at the time of lease end. My understanding is BOA will not negotiate on it either.

 

[Bdr100]

Yeah, residual on my fully loaded GGT at 3 years is about $70K. IF I decided I still love Gravity and Lucid is doing well, even if other used GGTs available at that time are in the $65k range, I would probably still buy out my GGT as it would be the devil I know vs unknown of other used cars. But if values were closer to low $60k, then would probably just walk on lease and look to buy something different.

But the bigger question is - if I do part PPF wrap now, will that create potential issues at lease return?

 

[borski]

But the bigger question is - if I do part PPF wrap now, will that create potential issues at lease return?

In that you’ll have to remove it, or pay for them to remove it.

 

[Bdr100]

In that you’ll have to remove it, or pay for them to remove it.

Either. I hear that removing PPF can be a messy and costly process. IF BOA is likely to tell me that there is a $2000 fee for PPF removal at end of lease, than I will skip the PPF. If BOA will accept the car at turn in as long as PPF is still in good shape, than I might go forward with PPF.

 

[HC_79]

Either. I hear that removing PPF can be a messy and costly process. IF BOA is likely to tell me that there is a $2000 fee for PPF removal at end of lease, than I will skip the PPF. If BOA will accept the car at turn in as long as PPF is still in good shape, than I might go forward with PPF.

If it’s a clear PPF and done well I don’t think they’d care, it just goes off to auction at the end of the day. If you do a color change or a matte PPF then I would assume it has to come off.

Ask the shop that’s doing the PPF how much it is to remove. At least that way you know what you’re all in on should BOA ask for it to be removed.

 

[Northpointe]

The only way to know for sure would be to talk to BOA and then hope that whatever answer they give would hold true at the conclusion of the lease. The reality with any lease is that you’re renting someone else’s asset and they reserve the right to dictate what condition that asset needs to be in at lease end. I would expect the lease to call out modifications and would consider PPF to be just that.

 

[Miami_Lucid_Man]

I’d never do this on a lease, buy out potential or not at the end.

 

[EVCar]

One local installer said he'd remove ppf and tint for free at the end of the lease.

 

[DrK]

B of A seems to be difficult not only end of lease but also their clear lease wording that gives them wide latitude. I have no personal experience but I fully expect that I will see and hear that Lucid Motors is regularly finding they have to defend their clients. For example Lucid Motors sets standards for wear and tear. The B of A lease does not refer to it. Why?

 

[socktucker]

Yeah, residual on my fully loaded GGT at 3 years is about $70K. IF I decided I still love Gravity and Lucid is doing well, even if other used GGTs available at that time are in the $65k range, I would probably still buy out my GGT as it would be the devil I know vs unknown of other used cars. But if values were closer to low $60k, then would probably just walk on lease and look to buy something different.

But the bigger question is - if I do part PPF wrap now, will that create potential issues at lease return?

You can haggle lease buyouts too

I did see a lease return inspection that charged 200$ per body panel to remove a wrap.

 

[ClearlyLucid]

I have never leased a vehicle but I recently leased a GGT for 3 years, partly to take advantage of $7500 EV credit available on leased cars and more so due to my somewhat cautious view on future viability of Gravity and more so on Lucid as a whole. I usually buy and keep cars for 8-10 years. IF my Gravity evolves into the car I hope it does, IF Lucid survives these troubled times and looks like a very viable car company in 3 years, IF resale value of Gravity has not plummeted through the floor in 3 years, then I will probably pay off the residual value at lease end and keep my Gravity for a total of 8-10 years. If however, one or more of those IF’s above come about, I am likely to walk away at end of lease.

Based on all of the above, I am trying to decide what to do with regards to vehicle paint protection. In past couple of cars I have regularly done a front 1/4 wrap to protect from paint chips and then ceramic coat the entire car. This process has served me well. My biggest concern is that if I wrap front of leased vehicle and then return car in 3 years, will the wrap be considered a modification that I would need to remove prior to return? If that is the case, wrap is a definite no go (would still go ahead with ceramic coat.)

Yes, I know that spending $2000 on front wrap will not be recouped at end of lease, but I am willing to take that risk hoping that I will decide at end of lease to keep the Gravity and will have invested in protecting my “future” car. There is also the benefit that if I decide to return car at end of lease (and if I am not required to remove the PPF) I will have protected the front end from paint chips and less likely to get hit up for those issues at lease return.

So, any recommendations or input? And yeah I know, there are a lot of IF’s in the above.

If you got quoted $2,000 for a front wrap on the Gravity I’d say that’s a pretty good price. I was quoted $2,800. Like you, I buy my cars and keep along time. However, I decided to lease for the same reasons you mentioned. I’m strongly considering a front wrap because I think it’s likely I’ll keep the car, provided Lucid is still in business and not on the brink of extinction.