• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, June 19, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Tech Automobiles

Lucid Air Reservation holders can avail $7.5K discount by leasing through its financial services

by Meghana Kandra
January 21, 2023 - Updated On January 22, 2023
in Automobiles, Cars, Electric Vehicles
Reading Time: 2 mins read
0
Lucid Air Reservation Holders Can Get $7,500 Off If They Choose To Lease
TwitterWhatsappLinkedin

Lucid Air Reservation holders can avail of a discount of $7,500 if they are going to select the option of leasing through Lucid Financing Services. The price discount doesn’t apply to other models. The manufacturer sent out an email to its reservation holders about the details. The email explained that the discount would come in the form of a capital cost reduction, which basically means their monthly payment would be lower.

You might also like

Ferrari Hits the Brakes on Second Electric Car Amid Sluggish Demand

Honda Brings Back the Glory: Genuine Parts & Restoration for Iconic NSX and More

Ram Raises the Bar: New 10-Year, 100,000-Mile Powertrain Warranty Aims to Win Truck Buyers

Lucid Air Reservation Holders Can Get $7,500 Off If They Choose To Lease
Image credits- Inside EVs

It was not made clear by Lucid in the email whether or not the discount applied to all Air variants, including the recently released Air Pure, the most affordable version of the electric sedan. With the discount, the price of an Air Pure should be $119,400, which is still a lot of money for a base trim, but it should help Lucid keep more reservations and turn them into actual orders.

It is now known why Lucid is only offering this discount if you lease an Air and not when you buy it outright, though. The company has been struggling to ramp up production sufficiently in order to get cars to customers, although it still managed to build 7,180 vehicles in 2022, of which it delivered 4,369 examples.

Price reduction

One clue as to why Lucid is only doing this for leased Airs lies in the amount being discounted, which corresponds to the federal tax credit for EVs. It could be that the leasing company can claim this discount and pass the savings along to the customer, it isn’t especially clear, but it could be an explanation. And while this announcement by Lucid was surely prompted by the aforementioned massive Tesla price cut, it’s not really the same thing. Tesla is already a pretty big automaker whose volume and margins allow it to cut prices by as much as it did, while Lucid is nowhere near in the same position, which is why it is going with this lease discount.

One month ago, it was revealed that Lucid called the customers who canceled orders, 14 times to confirm if the customer canceled. Lucid produced a total of 3,687 vehicles in the first three quarters of this year, short of the pace it needs to hit its target for the year, of between 6,000 and 7,000 vehicles. Meanwhile, Lucid saw reservations for its cars drop from 37,000 in Q2 to 34,000 in Q3. In a third-quarter earnings call, CFO Sherry House attributed the drop to a mix of deliveries made and customer cancellations.

Tags: electric vehiclesLucid AirLucid LeasePrice cutsTesla
Tweet54SendShare15
Previous Post

Employees of Google upset with the current layoff 

Next Post

Users get emails with warnings when PayPal acknowledges a data breach

Meghana Kandra

Meghana studied PGD in Journalism, open university. She has more than five years of experience in content writing, from creative content development to online journalism. Electric vehicle enthusiast, engineer, and feminist.

Recommended For You

Ferrari Hits the Brakes on Second Electric Car Amid Sluggish Demand

by Samir Gautam
June 18, 2025
0
Ferrari Hits the Brakes on Second Electric Car Amid Sluggish Demand

Ferrari, the legendary Italian sports car maker, is tapping the brakes on its second all-electric vehicle, with sources reporting the model will now launch in 2028, two years...

Read more

Honda Brings Back the Glory: Genuine Parts & Restoration for Iconic NSX and More

by Samir Gautam
June 18, 2025
0
Honda Brings Back the Glory: Genuine Parts & Restoration for Iconic NSX and More

In a move that will thrill car collectors and automotive purists, Honda Motor Co. has announced it will begin supplying genuine parts and offering full restoration services for...

Read more

Ram Raises the Bar: New 10-Year, 100,000-Mile Powertrain Warranty Aims to Win Truck Buyers

by Samir Gautam
June 18, 2025
0
Ram Raises the Bar: New 10-Year, 100,000-Mile Powertrain Warranty Aims to Win Truck Buyers

In a significant move that could reshape the competitive landscape of American pickup trucks, Ram has unveiled an expansive new powertrain warranty, 10 years or 100,000 miles, for...

Read more
Next Post
Users get emails with warnings when PayPal acknowledges a data breach

Users get emails with warnings when PayPal acknowledges a data breach

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?