Luxury Leasing Deal: Lucid Air Priced Lower than Most Small Luxury Sedans
If you’re in the market for a premium compact sedan, like the BMW 3 Series, Mercedes-Benz C-Class, Audi A4, or Lexus IS, now might be the perfect time to upgrade to something bigger, more luxurious, and electric. Believe it or not, the Lucid Air Pure is now available to lease for a similar price to those cars. Yes, you read that right – the Lucid Air Pure, which is larger and typically more expensive than those sedans, can be had for a similar lease price.
Lucid is currently offering a range of deals on most Air models as part of its “Accelerating the EV Experience” program. The cheapest of these is a promotion on the entry-level Air Pure, which starts at $71,400. However, with a $15,000 discount (after the $7,500 federal tax credit and a $7,500 credit from Lucid), the total price comes down to $49,400. After a $5,549 down payment, the Lucid Air Pure can be had for just $549 per month – a total effective lease price of $703 per month.
To put that in perspective, BMW’s current lease deal on the 3 Series is $579 per month, after a $4,719 down payment, giving it an effective lease price of $710 per month. That’s more expensive than the Lucid Air Pure, despite being smaller, less powerful, and slower. The A4 costs $726 per month, and the C-Class costs $683 per month, but the Lucid Air makes up for it by offering $1,000 in free charging at Electrify America. To sweeten the deal even further, Lucid will throw in an additional $5,000 bonus if customers pick a vehicle that’s already on site and doesn’t have to be ordered.
The Lucid Air Pure makes 430 horsepower, goes from 0-60 mph in 4.5 seconds, and still gets 420 miles from a single charge. Now, I know what you’re thinking – this all sounds too good to be true. And yes, there are some caveats. The Air Pure is only rear-wheel drive, not everyone lives in an area where an electric car is viable, and Lucid isn’t exactly known for being as reliable as mainstream brands (although, two years or 24,000 miles of free scheduled maintenance, in addition to the warranty, addresses that last issue). However, if you’re a buyer of a traditional luxury sedan with the means and desire, this current Lucid Air deal makes a compelling case for switching to an EV.
