The Lucid Air, a luxury electric vehicle, is gaining attention for its performance and design. For those considering this premium EV, understanding the cost, particularly lease options, is crucial. Currently, there are attractive lease offers available for the Lucid Air Pure RWD MY 2025, designed to make this vehicle more accessible. Let’s break down the details of a typical lease agreement and what factors influence the final cost.
Decoding the Lucid Air Lease Offer
A sample lease offer for the Lucid Air Pure RWD MY 2025 starts with a vehicle price of $71,400, which includes the destination fee. This offer is structured as a low-mileage lease, allowing 10,000 miles per year. Several key components determine the initial cost and ongoing payments.
Initial Costs at Signing
To initiate the lease, there’s an amount due at signing, which in this offer is $3,328. It’s important to note that this figure does not include tax, title, license, registration, and other fees, which will be added to the total due. This upfront cost covers the initial portion of the lease and gets you started with your Lucid Air experience.
Capitalized Cost and Monthly Payments
The lease offer mentions a “total capitalized cost,” which is central to calculating your monthly payments. This cost is only valid if you take delivery of the vehicle within 7 days of it being ready. A significant aspect of this particular offer is a $7,500 capital cost reduction. This reduction effectively lowers the base cost used to calculate your monthly lease payments, making the Lucid Air more affordable over the lease term. Keep in mind that the advertised lease rate is contingent on qualifying for both the On-Site Vehicle Bonus and the Conquest Offer. If you don’t qualify for both, the rate will be adjusted accordingly.
Incentives and Bonus Offers
Lucid is currently providing two main incentives that can significantly reduce the initial cost of leasing a Lucid Air:
On-Site Vehicle Bonus
A $2,000 On-Site bonus is available for specific MY2025 vehicles. However, it’s important to check vehicle availability at your local sales studio and confirm that the bonus applies to your chosen vehicle. This bonus requires taking delivery by March 31st, 2025, and is subject to vehicle availability.
Conquest Offer
The Conquest Offer is designed to attract customers currently driving competitor vehicles. This offer is for U.S. residents who own or lease an ICE (Internal Combustion Engine), hybrid vehicle from a competitive brand, or a Tesla. To qualify, you need to provide proof of ownership matching your driver’s license address. This offer applies to MY 2025 Lucid Air vehicles available on-site at the time of order (excluding Sapphire models). A key advantage is that you don’t need to trade in your current vehicle to take advantage of this offer. The list of qualifying competitive brands is extensive, including luxury marques like Acura, Audi, BMW, Mercedes, Lexus, and even ultra-luxury brands like Aston Martin and Ferrari.
Important Lease Conditions and Disclaimers
Several conditions and disclaimers are associated with this lease offer that are important to understand:
- Mileage Limits: The lease is for 10,000 miles per year. Exceeding this limit will result in a charge of $0.25 per mile for excess mileage.
- Geographic Restrictions: This offer is exclusively for U.S. customers leasing through Lucid Financial Services and is available to well-qualified lessees.
- Offer Limitations: The terms and conditions are subject to change, and the offer is not a commitment to lease. It’s crucial to review the Lucid Motors Offers Page for complete details and limitations.
- Additional Fees: Remember that the prices quoted exclude tax, title, license, options, destination, and documentation fees, which will increase the overall cost.
Understanding Range and Efficiency
The Lucid Air Grand Touring, when equipped with specific wheels and seating configurations, boasts an EPA estimated range of 450 miles. While range is a key factor for EV owners, it’s important to remember that actual range can vary based on temperature, driving habits, charging practices, and battery condition. The EPA estimated range for the Touring model will be provided when available.
Conclusion
The Lucid Air Cost can be made more accessible through current lease offers, particularly with incentives like the capital cost reduction, On-Site Bonus, and Conquest Offer. Understanding the breakdown of initial costs, monthly payments, and lease conditions is essential for making an informed decision. For those in the market for a luxury electric vehicle, exploring the Lucid Air lease options and checking eligibility for these incentives is a worthwhile step in getting behind the wheel of this impressive EV. Always refer to the official Lucid Motors website and Lucid Financial Services for the most accurate and up-to-date offer details and to confirm your qualifications.
