Joule

Lucid and Rivian lease/finance analyses. Deal tracker with money factor, RV %, and historical data at Follow for updates.

[Joule @drivejoule]

Lucid's best deals this year get even better as eligible inventory thins. A mid-month update adds $2,000 in discounts and a $500 accessory credit on top of June's already impressive incentive stack. Full breakdown below on how to get $21,500 off a Gravity lease or $26,500-$29,000 off an Air lease.

Updated incentives:
- (New) Demo Drive Credit - $1,000. Must place an order for an Air or Gravity the same calendar day as a Demo Drive. May only apply to on-site vehicles; confirm eligibility with Sales Associate.

- (Improved) Employee Referral Credit - $2,000. Increased from $1,000, although not every vehicle may qualify for the full $2,000. May only apply to on-site vehicles; confirm eligibility with Sales Associate. If this credit is not offered proactively by your Sales Associate, inquire about it.

- (New) Accessory Store Credit - $500. Credit towards Lucid merchandise store. Must take delivery of a vehicle between June 18 and June 30.

Continuing incentives:
- Lucid Lease Credit - $7,500 (Gravity), $12,500 (Air Pure/Touring), or $15,000 (Air GT).

- Studio Select - $5,000. This is a VIN-specific incentive that applies to certain on-site vehicles. Eligible vehicles are both thinning but also being added weekly. Ask your SA for an updated list of eligible vehicles.

- Trade-in bonus - $4,000. Applies to any non-Lucid vehicle. Leased and MY2026 vehicles are reportedly ineligible.

- Conquest - $2,000. Applies to on-site vehicles only. Must own a non-Lucid vehicle.

- Loyalty - $2,000-$3,000. Must own a Lucid vehicle. Cannot stack with trade-in, Conquest, or referral credit incentives.

- 0%/0%/0.99% APR financing for 60/72/84 months on the Gravity Touring

- 0%/0.99%/1.99% APR financing for 60/72/84 months on the Air Pure/Touring

- 0.99%/1.99%/2.99% APR financing for 60/72/84 months on the Air Grand Touring and Gravity Grand Touring.

It was already the best month this year to lease a Gravity Touring or Air Pure/Touring - and the deals got even better. Additionally, despite increases in money factor, it's also the best time this year to lease an Air GT and Gravity GT due to the improved discounts. The best value by % MSRP/mo is still the non-GT trims. Deal tracker with current and historical data available on https://t.co/cRVAo2TiXr along with leasing guides and lease vs loan calculator.
$LCID @LucidMotors

[Joule @drivejoule]

@CarReviewExpert @LucidMotors Very curious what battery/range options Lucid will offer on the Cosmos. I’m thinking a 330mi ish trim and 430mi ish trim

[Joule @drivejoule]

@RivianTrackr Those bringing up reducing sales tax by trading in to Rivian directly - the $3k-$5k lost from sales tax reduction pales in comparison to the $9k difference in offers.

[Joule @drivejoule]

@LetsGoLucid2022 Having recently tried the new handsfree driving after the 3.6 update, it is extremely impressive. Very smooth and the automatic lane changes are a game changer. Significant improvement over the Air, and a good sign for what’s to come!

[Joule @drivejoule]

@R1Stephanie @LucidMotors It’s really exciting to see what the EV start ups are accomplishing. Lucid’s autonomy initiatives have had some recent wins, between handsfree drive assist for Gravity and their Robotaxi advancements. Looking forward to when I don’t have to look forward!

[Joule @drivejoule]

@RivianTrackr That's unfortunate. I’m rooting for Rivian. It is reassuring that Rivian's L2++/L3 timeline tracks, for example, Lucid's, which makes it feel realistic. And Rivian’s custom silicon also underpinning Mind Robotics suggests the autonomy investment is deeper than promises

[Joule @drivejoule]

@klwtts @Rivian It’s suboptimal value rn since it just came out. It’s most worth it if you’re genuinely in the market for a midsize and plan to keep it for a while, with financing, otherwise it may tank in value given no gen 3 HW. If you’re not in a rush, maybe hold out for gen 3.

[Joule @drivejoule]

@teslaflexx It’s an alternative to the Model Y, and it sounds like you already have a 2026 MYP, so I would pass on the R2 as it offers minimal incremental advantage. Right now it’s most worth it for someone in the market for a midsize EV who plans on keeping it for 4+ years with financing.

[Joule @drivejoule]

@ntwork Saw one the other day, super exciting!

[Joule @drivejoule]

@LetsGoLucid2022 If it looks like this, I’m a huge fan. The rear looks Macan-like which I always thought was good looking. The side profile is impressive as well. Here’s to hoping!

[Joule @drivejoule]

@RivianTrackr exactly - I don’t know off hand the money factor on the Model Y etc at launch or what it will be for the iX3, but I doubt it was/will be competitive

[Joule @drivejoule]

What I don't understand is what the fuss is over the understandably high lease premium at launch. A tiny % are even invited to order the R2 this month, and the lease rates (money factor) change monthly. Why broadly paint the R2 as "overpriced"? This is temporary and calculated.

[Joule @drivejoule]

The Lucid Air is as compelling in its looks as in its value. This month, score up to $24,500 off a Pure or Touring with any trade-in. It’s an exceptional time to upgrade your daily driver to the best selling luxury EV sedan. Buying tips and more at https://t.co/aNjYj0blQA. @LucidMotors $LCID

[Joule @drivejoule]

@briandstone How are you finding Lucid's highway self-driving compares with Tesla's and Rivian's highway self-driving?

[Joule @drivejoule]

@itskyleconner @tijmenschreur 3%?! why such a huge buffer

[Joule @drivejoule]

@coldsteelonice0 If you’re willing to search nationwide, you might be able to find your desired or a very close config eligible for incentives. They have several hundred Gravity’s available nationwide so there’s a very good chance.

[Joule @drivejoule]

Lucid's best Gravity deals this year. Here's how to get up to $19,500 off a Gravity Touring 36-month lease at ~1% APR using unadvertised incentives — and why you might still want to wait.

June incentives (all stackable):

$7,500 — Lucid Credit (lease only)
$5,000 — Studio Select (select inventory)
$2,000 — Conquest
$4,000 — Trade-in (any non-Lucid qualifies)
$1,000 — Employee Referral Credit

= $19,500 off

Several of these aren't on Lucid's site. Our Gravity leasing guide breaks down every incentive, how they stack, and how to secure them: https://t.co/0uFAyWBN2x

Buying instead? 0% APR up to 72mo + up to $12,000 in purchase incentives, or 0.99% on a 84-month loan.

So why wait?

Studio Select ($5,000) is the single largest incentive — and right now, eligible inventory is highly limited. If the config you want doesn't have it, we'd recommend waiting for the mid-month update. Lucid often expands Studio Select availability mid-month, and leasing or financing without it means potentially leaving $5,000 on the table. Conversely, if a desirable vehicle does qualify, don’t squander the opportunity. June’s deals are an exceptional value. @LucidMotors $LCID

[Joule @drivejoule]

@wattreach Unfortunately no, leased vehicles are one of the only restrictions for the trade-in bonus.

[Joule @drivejoule]

@LetsGoLucid2022 @YouTube Genesis was a primary contender for us before we went with the Lucid Air. Their interiors always seemed classier than the competition.

[Joule @drivejoule]

@Tim_Stevens What’s also crazy is that Rivian hiked up the lease price of the R1 dual standard from last month, presumably to keep it higher than the already high R2 lease price. This month, financing a DLP/DMP is the way to go. We’ll see what July brings!