If you’re considering upgrading to a premium compact sedan like the BMW 3 Series, Mercedes-Benz C-Class, Audi A4, or Lexus IS, this may be an ideal time to explore an option that is larger, more luxurious, and fully electric. The Lucid Air Pure, typically pricier and more spacious than those vehicles, is now available for lease at competitive rates.
Currently, Lucid is promoting various offers across its Air lineup as part of its “Accelerating the EV Experience” initiative, according to CarsDirect. The most economical option is a deal on the entry-level Air Pure, which has a starting price of $71,400. With the current promotion, customers can enjoy a discount of $15,000, which takes into account a $7,500 federal tax credit and an additional $7,500 credit from Lucid. This means that after a $5,549 payment due at signing, the Lucid Air can be leased for $549 per month, resulting in an effective lease cost of $703 monthly.
In comparison, BMW’s current lease offer for the 3 Series is $579 per month, requiring $4,719 at signing, leading to an effective price of $710 monthly. Despite its smaller size and lower power, the BMW proves to be a more costly option than the Lucid. Using a similar calculation, the Audi A4 comes in at $726 monthly, while the C-Class is priced at $683 per month. The Lucid offers a competitive advantage by including $1,000 worth of free charging at Electrify America locations. Furthermore, buyers who select an in-stock vehicle rather than placing a custom order can benefit from an additional $5,000 incentive.
Overall, these offers position the Lucid Air as a more economical option over the next three years compared to many vehicles that usually have a lower price point, making it possible for premium compact sedan buyers to shift towards a more upscale choice. The Lucid Air Pure boasts 430 horsepower, accelerates from 0 to 60 mph in 4.5 seconds, and can travel 420 miles on a single charge.
However, it’s important to note that while the Lucid Air Pure is an appealing option, it has its limitations. The vehicle features rear-wheel drive, may not be suitable for every region when it comes to electric vehicle readiness, and Lucid’s track record for reliability isn’t as established as some mainstream competitors (though the offering includes two years or 24,000 miles of complimentary scheduled maintenance in addition to its warranty). Still, for any buyer of a traditional luxury sedan ready to explore electric alternatives, the current leasing terms for the Lucid Air present a compelling argument for making the switch.
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