2023 Lucid Air Lease Price Cut By Over $200/mo

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Automotive Contributor

Sean is an automotive enthusiast with a background in sports journalism. He is a graduate of California Lutheran University with a Bachelor of Science in Business.

, Automotive Contributor - February 27, 2024
2023 Lucid Air rear three-quarter view

Lucid has been consistently cutting prices on both available model years of their Air sedan. Recently, the California-based EV brand slashed lease prices on the 2023 model by upwards of $200 per month on select trims. Here's what you need to know about the latest round of 2023 Lucid Air lease price cuts.

The 2023 Lucid Air had a starting price of nearly $90,000 when it first debuted. Although it offers some impressive specs, including class-leading range, the Air has struggled to stay competitive in the world of aggressive rebates and a seemingly endless slew of price cuts from Tesla. To improve its value proposition, Lucid has been cutting prices with Tesla-like abandon.

This month, Lucid Air prices dipped below the $70,000 mark on the strength of a $7,500 lease credit. As a result, the entire Air lineup saw their lease prices go down dramatically. Both the 2023 Air Pure AWD and 2024 Pure RWD (the all-wheel drive Pure model was discontinued for 2024) can be leased for $699 a month over 36 months with $6,699 due at signing. The $885 effective monthly cost of both models is $100 less than what we've been seeing before, significantly lowering the model's cost of entry.

2024 Lucid Air front three-quarter view

$100 is certainly a significant price cut, but the biggest Air lease discount this month is on the mid-level Touring trim. The 2023 Air Touring was briefly available for $949 per month over 36 months with $7,499 due at signing. The $1,156 effective monthly cost was $222 lower than we were seeing earlier in the year. However, this deal was effectively a flash sale, as the 2023 Touring model is no longer available on Lucid's website presumably due to a lack of inventory.

If you had your eye on a 2023 Air Touring, the 2024 model makes for a better deal anyway. You can currently lease the 2024 Touring for $859 per month over 36 months with $6,859 due at signing. The effective monthly cost works out to $1,050 per month, $106 lower than the deal previously available on the 2023 model.

If you're looking at the upscale Grand Touring model, only the 2023 is currently offered with a promotional lease deal. You can lease a 2023 Grand Touring for $1,099 a month for 36 months with $10,849. The $1,400 effective monthly cost is still a hefty sum, but it's $109 lower than what we saw before the February price cuts.

Even though it's the most expensive of the three, we rate the Grand Touring as the best deal given its $114,600 MSRP. The Grand Touring deal has $10,000 in lease cash factored in compared to $7,500 for the lower trims. Unfortunately, this rebate isn't compatible with Lucid's $2,000 conquest bonus, which is only available when purchasing. Still, the recent price cuts make now a great time to lease a Lucid Air.

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, Automotive Contributor

Sean is an automotive enthusiast with a background in sports journalism. He is a graduate of California Lutheran University with a Bachelor of Science in Business.


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