Lucid Air Owner's Registry: Add Your Details Here!

Price Drop??

2302 Views 15 Replies 11 Participants Last post by KC Shank, 4 mo ago

lvluci

Discussion Starter · 5 mo ago

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???

1 - 16 of 16 Posts

becauseracecar

· #2 · 5 mo ago

Sometime recently the pricing was changed such that you can order a GT without certain features that used to be included, thus dropping the base price. If you have a reservation from before the price hike, you are getting those options packages included at no cost.

The new options packages:
$10k for Dreamdrive Pro (the upgraded advanced driver assistance system features)
$4k for Surreal Sound Pro (upgraded sound system with Atmos)

Thus, the pre-price hike reservation holders are basically getting a $14k discount, before other tax credits etc.

I don't listen to that much music in my Air GT, so can't comment on the upgraded sound system, but a lot of other owners seem to absolutely adore it. Dreamdrive Pro is pretty cool however, and I would miss not having it, and use those features pretty much every time I drive the car.

headsupwellness

· #3 · 5 mo ago

lvluci said:
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???

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!

lvluci

Discussion Starter · #4 · 5 mo ago

Actually I have had my GT since September and love it. Mechanically it is one of the best driving cars I have ever had and I have had them all. Just hope they can weather the storm. Don't want to end up like the original Fisker.

Reactions: 1

Daniel2022

· #5 · 5 mo ago

Sales tax is required on used car sales in every state I have lived in.

Reactions: 1

Daniel2022

· #6 · 5 mo ago

headsupwellness said:
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..

Quick Share

Expired

linksharing.samsungcloud.com

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!

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.

Reactions: 3

cwang089

· #7 · 4 mo ago

Daniel2022 said:
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.

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

M2AX

· #8 · 4 mo ago

No sales tax in NJ for full EV sales - new or used.

Reactions: 1

Daniel2022

· #9 · 4 mo ago

cwang089 said:
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 personally think your statements are substantially untrue.
How do you know Lucid cannot sell cars in the pipeline? I see no evidence of that. Are you familiar with automotive retailing and delivery?
Everyone is not waiting for a Pure.
Demand for vehicles over $100k is indeed relatively small because that represents a very narrow slice of the automotive marketplace but that is true generally not just for Lucid.
Competition will soon heat up but demand is also heating up.
Lucid is vastly different and better than Tesla if you care about a fun to drive car. If not and you are mostly focused on software, just get a Tesla after the big price drop.

cwang089

· #10 · 4 mo ago

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

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Dru

· #11 · 4 mo ago

cwang089 said:
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

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. lol

Daniel2022

· #12 · 4 mo ago

cwang089 said:
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

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.

lou

· #13 · 4 mo ago

Daniel2022 said:
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.

Cool! I like your evaluations and approach 👏

grayforge

· #14 · 4 mo ago

Daniel2022 said:
Sales tax is required on used car sales in every state I have lived in.

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.

PWMac

· #15 · 4 mo ago

The GT that now has the $138K MSRP is missing certain features and to get a fully loaded GT is still $154K.

KC Shank

· #16 · 4 mo ago

Daniel2022 said:
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.

Definitely lots and lots of fun. Much better than my Tesla S

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