[Air Head]

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?

 

[CRU1]

I am curious as well but we will need to wait and see what expected residuals and MF's are for lease if available.

 

[Ashoka8350]

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?

Surely, finance especially when the interest is so low. Leave your pot of gold for investments.

 

[Keylliann']

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 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,

 

[sandvinsd]

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,

Lucid has a deal with BofA for financing. If you have a relationship with them, the rates are lower.

 

[borski]

Lucid has a deal with BofA for financing. If you have a relationship with them, the rates are lower.

yup. See bankofamerica.com/lucid

 

[Ashoka8350]

Lucid has a deal with BofA for financing. If you have a relationship with them, the rates are lower.

yup. See bankofamerica.com/lucid

Bank of America has charged as low as 1.6% for Lucid loan.

 

[Bbq9]

In my conversations with my DA leasing is not yet available. The car is too new and their is no pricing history (at least that is what i was told)

as somebody mentioned above. With interest low … I will go with financing

 

[Electrified]

Lucid has a deal with BofA for financing. If you have a relationship with them, the rates are lower.

Nice.

Bank of America has charged as low as 1.6% for Lucid loan.

Very nice.

 

[CraZ8]

If you are going with financing I doubt that the rates are staying around 1.6% much longer. I’ve lived through double digit inflation and those rates are not much fun although I doubt we will get anywhere close to those in the immediate future. You early adopters have that perk of cheap money right now so by all means finance. I hope interest rates won’t creep up too much in the next 3-4 months. Time will tell.

 

[ac.bill]

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.

 

[Paladin732]

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.

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 also

 

[ac.bill]

Why not invest it in ...

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.

Some time back I would finance a portion of a car's price through a local credit union at a good rate, depositing enough in an account there to automatically make payments. I did that to maintain an active credit history but that doesn't matter to me now.

 

[slushy]

Plus, when you finance you are at the mercy of the bank's insurance requirements, which historically has cost me a few hundred dollars extra per year.

 

[Cyber3dx]

Bump.

Anyone on this forum planning on using Pentagon Federal (PenFed) to finance their Lucid purchase?

 

[Paladin732]

Bump.

Anyone on this forum planning on using Pentagon Federal (PenFed) to finance their Lucid purchase?

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 months

 

[Ashoka8350]

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.

Well, if you are happy with it no problem.

Some have made money and some have lost. Mostly it has been positive.

One person invested in LUCID (CCIV at tha time) in early 2021 and later again in the middle of the year and cashed in for the purchase of Lucid Air in he end of the year. It seems he saved a bunch on purchase price. It was a smart thing to do.

If you are investing on something you lose money, than may be one is not smart. Just a comment.