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Lucid Rolls Out New Leasing to End-Run Price Caps... Rivian to Follow?

TexasBob

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I am assuming Rivian will follow suit soon. Here is the email from Lucid today. No price cap, no income cap, simple capital cost reduction on lease.

Rivian R1T R1S Lucid Rolls Out New Leasing to End-Run Price Caps... Rivian to Follow? Screenshot 2023-01-20 at 15.31.50
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manitou202

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Multiple automakers are using the leasing loop hole to offer $7500. Mercedes and BMW are doing the same thing.

Has Rivian started offering leases? At this point because of demand they don't have a lot of incentive to offer leasing programs.
 

COdogman

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Rivian can’t start offering leases until they get deeper into that backorder list.
 

SANZC02

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Multiple automakers are using the leasing loop hole to offer $7500. Mercedes and BMW are doing the same thing.

Has Rivian started offering leases? At this point because of demand they don't have a lot of incentive to offer leasing programs.
I’m surprised Lucid is leasing this early. They usually like to have at least a couple of years to get some history for what the residual value of the vehicles will be.
 

manitou202

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I’m surprised Lucid is leasing this early. They usually like to have at least a couple of years to get some history for what the residual value of the vehicles will be.
No idea if they are offering good lease terms, but the market they are playing in (ultra premium sedan) have a lot of customers looking for leases. So they probably needed to offer a lease option to remain competitive.
 

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R1Tom

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How can anybody know what residuals are? One minute they are sky high...next minute company falls apart and they are damn near worthless. Applies to Rivian too.
 

Dark-Fx

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No idea if they are offering good lease terms, but the market they are playing in (ultra premium sedan) have a lot of customers looking for leases. So they probably needed to offer a lease option to remain competitive.
Lucid has a whole section for vehicles ready for delivery. Two week wait.
Rivian R1T R1S Lucid Rolls Out New Leasing to End-Run Price Caps... Rivian to Follow? Screenshot_20230120-190952
 

SFsoundguy

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Mercedes and BMW etc., already do the same thing. They take "your" 7500 credit and reduce the price of "their" car but really its just either split with you as you loos some of that 7500 when you return the car or its in the residual...
 

DuoRivians

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IRS needs to fix the interpretation of leases, to be limited to commercial leases only. Not consumer leases. Undermines whole purpose of US made cars getting a tax credit and/or income limits
 

ads75

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With tens of thousands of waiting orders, I think Rivian has time to decide on incentives. They are already taking hits on pre-March 1 2022 orders.
 

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R1Tom

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With tens of thousands of waiting orders, I think Rivian has time to decide on incentives. They are already taking hits on pre-March 1 2022 orders.
We don't know how many orders they really have anymore, since they stopped dislosing that.
 

Sgt Beavis

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I was at the Lucid boutique in Denver’s Cherry Creek mall today. Honestly, that is a damn sweet lookin’ car with one of the nicer interiors I’ve been in. I may have to give it a test drive some time soon.

I’m not gonna buy one but I’ll test drive is for as long as they’ll let me 😁
 

thrill

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Rivian offering leasing would elevate them to the grown-up car-maker category.
 

iansriv

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This is interesting. Where does the money actually come from if not our taxes (reduction/credit)? If the mfg gets a credit from the govt then what do they have to lose? Let the good times roll!
 

Donald Stanfield

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IRS needs to fix the interpretation of leases, to be limited to commercial leases only. Not consumer leases. Undermines whole purpose of US made cars getting a tax credit and/or income limits
Or better yet take out the BS income cap that is leading people to want to lease in the first place.
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