I am curious as well but we will need to wait and see what expected residuals and MF's are for lease if available.
Surely, finance especially when the interest is so low. Leave your pot of gold for investments.I'm curious about how people are planning to pay for their Airs. Normally I finance my cars instead of leasing because I usually keep them for a long time. However since the Air is a brand new model and Lucid is a new company I'm more open to leasing than before. But it depends on what the rates are.
What are we thinking? Finance, cash or lease?
Hello everyone,I'm curious about how people are planning to pay for their Airs. Normally I finance my cars instead of leasing because I usually keep them for a long time. However since the Air is a brand new model and Lucid is a new company I'm more open to leasing than before. But it depends on what the rates are.
What are we thinking? Finance, cash or lease?
Lucid has a deal with BofA for financing. If you have a relationship with them, the rates are lower.Hello everyone,
I would be be very interested to reserve one, if a finance solution was available.
Let me know if you have more informations about this step.
Kind regards,
yup. See bankofamerica.com/lucidLucid has a deal with BofA for financing. If you have a relationship with them, the rates are lower.
Lucid has a deal with BofA for financing. If you have a relationship with them, the rates are lower.
Bank of America has charged as low as 1.6% for Lucid loan.yup. See bankofamerica.com/lucid
Nice.Lucid has a deal with BofA for financing. If you have a relationship with them, the rates are lower.
Very nice.Bank of America has charged as low as 1.6% for Lucid loan.
Why not invest it in a low risk investment? Those are still lying higher then a few %, where you could easily finance the car. Some credit unions are 0.9% up to 36/48 months, 1.49% up to 60/72 and 1.99 up to 72/84. Surely low risk investments can pay higher than that alsoWhile some people (Doug DeMuro) have recently advocated for financing cars to free up capital for investments and others have thought of gaming today's interest rates vs. future inflation, I am far too financially conservative (in the non-political sense) for that. Having lived through vast financial swings since the '70s I know that assuming the status quo or predicting financial temperatures 2-3-4 years out is a perilous task at best.
Too many people invest in online pet supplies, a handful of immigrants take flying lessons, somebody half a world away has an unsanitary food market... the seeds of turmoil usually seem insignificant, until they don't. I don't finance personal expenses, especially luxury items.
Why not? Peace of mind. I actively invest in a number of ways, some higher risk, some lower. That takes much of my time and attention. I think of any fraction of a percent gain missed by buying a car for cash to be peace of mind insurance. It is zero risk and one less thing to demand my attention.Why not invest it in ...
I looked at them. Their rates were high. If you are at PenFed do you qualify for USAA? They are only 1.99 up to 84 monthsBump.
Anyone on this forum planning on using Pentagon Federal (PenFed) to finance their Lucid purchase?
Well, if you are happy with it no problem.While some people (Doug DeMuro) have recently advocated for financing cars to free up capital for investments and others have thought of gaming today's interest rates vs. future inflation, I am far too financially conservative (in the non-political sense) for that. Having lived through vast financial swings since the '70s I know that assuming the status quo or predicting financial temperatures 2-3-4 years out is a perilous task at best.
Too many people invest in online pet supplies, a handful of immigrants take flying lessons, somebody half a world away has an unsanitary food market... the seeds of turmoil usually seem insignificant, until they don't. I don't finance personal expenses, especially luxury items.