Car market bubble burst! You can buy a used GT with 600 miles for 119k! And avoid sales tax so it's like saving an additional 12k..I ordered my GT in May 2022 for 135k because it was going up 20k in June or July. Just looked and the msrp is 138k. When did that happen???
It is unreasonable to expect automobiles to appreciate, which EV’s have done in the past 2 years. The used car market is normalizing and new cars will depreciate normally once again. That should not be a surprise nor should it be a reason to not buy a Lucid. Lucid did not actually lower the price of the GT they made two standard items options. Inventory of some vehicles both new and used is perfectly normal, not sure why that would be a concern.Car market bubble burst! You can buy a used GT with 600 miles for 119k! And avoid sales tax so it's like saving an additional 12k..
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I forfeited my car and lost 2k but I felt it was better than losing 25k or more. The car market is crumbling before my eyes, especially on lucid bc their future is anything but Lucid...I truly hope they do well and thrive but I was spooked when they raised the price, then lowered the price, then they listed inventory cars for sale!...its all cars though, carvana just offered 70k for my 2022 Tesla model S plaid. 150k msrp 6 months ago....
Lucid is a great car but don't plan on Flipping like my original plan!!!
Happy driving!
Because people have mostly said that Lucid has a problem of production. They actually have a problem with both production and demand. They can't even sell the cars that they have on hand. Everyone is waiting for the lower priced Pure but even there, the competition is heating up. Lucid's whole strategy is just 1 upping Tesla in minor details but overall is delivering a buggy package with an uncertain future.It is unreasonable to expect automobiles to appreciate, which EV’s have done in the past 2 years. The used car market is normalizing and new cars will depreciate normally once again. That should not be a surprise nor should it be a reason to not buy a Lucid. Lucid did not actually lower the price of the GT they made two standard items options. Inventory of some vehicles both new and used is perfectly normal, not sure why that would be a concern.
I personally think your statements are substantially untrue.Because people have mostly said that Lucid has a problem of production. They actually have a problem with both production and demand. They can't even sell the cars that they have on hand. Everyone is waiting for the lower priced Pure but even there, the competition is heating up. Lucid's whole strategy is just 1 upping Tesla in minor details but overall is delivering a buggy package with an uncertain future.
Dunno why the guy above gave up deposit, is it because the order was in process?
I was able to cancel 1 order and although it took 4 phone calls, they refunded me my $300 deposit. I still have another order
I was relieved when you said you weren't that impressed after driving a Lucid GT because it allowed me to minimize everything else you said as negative and bitter. lolDemand is heating up? I'm sorry car demand overall is not heating up. 2nd hand Lucid's are significantly cheaper than new, because the demand is not there.
I have deposits for Pure and got emailed multiple times to upgrade. They are pretty much through their orders above Pure and now have to focus on their lower margin vehicles.
I test drove a Lucid GT with high hopes, but it didn't blow me away. I was excited about the efficiency of Lucid, but real world reports aren't that much better than Teslas.
I bought into the hype of Lucid and convinced multiple friends to put down deposits. Now they are mad at me because Lucid makes it hard for them to get their deposit back. Lucid even said so themselves they have an order cancellation problem.
I like the efficiency tech and I like the idea that it has the handling of a Taycan and the room of an EQS. But it doesn't handle like a Taycan and it has a weird trunk. I'm still sticking around because my pricing on the Pure is decent...but they got rid of lane keep on a $80k car unless you buy vaporware Dream Drive Pro. Ridiculous
The legacies are about to eat Lucid alive if they don't get their act together fast
Yes demand is indeed heating up. EV’s are now almost 10% of the market in the US, up something like 80-90% from prior year.Demand is heating up? I'm sorry car demand overall is not heating up. 2nd hand Lucid's are significantly cheaper than new, because the demand is not there.
I have deposits for Pure and got emailed multiple times to upgrade. They are pretty much through their orders above Pure and now have to focus on their lower margin vehicles.
I test drove a Lucid GT with high hopes, but it didn't blow me away. I was excited about the efficiency of Lucid, but real world reports aren't that much better than Teslas.
I bought into the hype of Lucid and convinced multiple friends to put down deposits. Now they are mad at me because Lucid makes it hard for them to get their deposit back. Lucid even said so themselves they have an order cancellation problem.
I like the efficiency tech and I like the idea that it has the handling of a Taycan and the room of an EQS. But it doesn't handle like a Taycan and it has a weird trunk. I'm still sticking around because my pricing on the Pure is decent...but they got rid of lane keep on a $80k car unless you buy vaporware Dream Drive Pro. Ridiculous
The legacies are about to eat Lucid alive if they don't get their act together fast
Cool! I like your evaluations and approach 👏Yes demand is indeed heating up. EV’s are now almost 10% of the market in the US, up something like 80-90% from prior year. Automobiles depreciate. Yes they do. Used vehicles sell for less than new. The used car valuation bubble of the last 2 years was an anomaly. The only purchases I have made that appreciate long term, other than land, are certain types of art and Swiss watches, both of which demand exceeds supply and they do not suffer from wear and tear. Finally, an order cancellation problem is very different from a demand problem. Lucid disappointed the early adopters and some of them canceled their orders. Would you expect no cancelations after such lengthy delays? The jury is still out on Lucid’s ultimate success. The vehicle is vastly superior to a Tesla in my opinion as a former automotive engineer turned IT entrepreneur. I am in it for the journey because to me this is a whole lotta fun. To each his own. Enjoy driving your Tesla.
In Arizona, you only pay sales tax on used cars from dealers. Private party used car sales are not taxed. I just bought a used Rav4 from a private party.Sales tax is required on used car sales in every state I have lived in.
Definitely lots and lots of fun. Much better than my Tesla SYes demand is indeed heating up. EV’s are now almost 10% of the market in the US, up something like 80-90% from prior year.
Automobiles depreciate. Yes they do. Used vehicles sell for less than new. The used car valuation bubble of the last 2 years was an anomaly.
The only purchases I have made that appreciate long term, other than land, are certain types of art and Swiss watches, both of which demand exceeds supply and they do not suffer from wear and tear.
Finally, an order cancellation problem is very different from a demand problem. Lucid disappointed the early adopters and some of them canceled their orders. Would you expect no cancelations after such lengthy delays?
The jury is still out on Lucid’s ultimate success. The vehicle is vastly superior to a Tesla in my opinion as a former automotive engineer turned IT entrepreneur. I am in it for the journey because to me this is a whole lotta fun.
To each his own. Enjoy driving your Tesla.