Lucid Motors has officially opened the leasing options for its highly anticipated electric SUV, the Lucid Gravity Grand Touring.
After unveiling the model during a “Celestial Arrival” event in New York last month, Interim CEO Marc Winterhoff confirmed that customer deliveries are set to commence by the end of April.
With an MSRP of $94,900, potential lessees can secure the Gravity Grand Touring for $1,102 per month, based on a 36-month lease agreement with a down payment of $8,030.
Lucid Motors Launches Leasing Options for Gravity Grand Touring Electric SUV
The Gravity Grand Touring stands out with an impressive range of up to 450 miles on a single charge, thanks to its robust 123 kWh battery. It features ultra-fast charging capabilities and is compatible with Tesla Superchargers through its NACS charging port.
With acceleration from 0 to 60 mph in just 3.4 seconds, the Gravity delivers a performance level akin to a sports car while providing an interior space comparable to that of the Cadillac Escalade, boasting up to 120 cubic feet of cargo volume.
In comparison, the Rivian R1S offers a leasing option starting at $939 per month for its Dual variant, providing a range of 410 miles. With an MSRP of $83,900 and a slightly larger down payment of $8,834, it remains a competitive alternative. Rivian’s more powerful Tri model, priced at $105,900, leases at $1,359 per month.
Moreover, Lucid sweetens the deal with a $7,500 lease credit, which may add up to a potential total saving of $15,500 when combined with other incentives. Despite the initial high leasing cost for the Gravity, experts suggest that waiting a few months could lead to improved residual values, making it wiser to hold off on substantial down payments for leases.
For those eager to experience Lucid’s innovative vehicles, the Gravity Grand Touring is now available for order, with a more budget-friendly Touring variant expected later this year, starting at $79,900.