You’re misleading people with your math. If you want to do 0down and not do the 5k down they would add interest , tax and they wouldn’t subtract the 1st month payment from that # it would be included.
@snpjae♥ 12025-02-09
Love my Lucid Air GT…real luxury no maintenance
@mathur7218♥ 12025-02-05
Ravi you make your calculations simple and easy to understand. Every general rule of thumb will have its exceptions but generally what you’ve described is an excellent way to assess value especially on these cars you don’t want to be tied to for more than 3-4 years. Thanks man! You’re helping a lot of people!
@og_jdee♥ 12025-02-04
Only in America
@ayush.tfc2025-03-02
In 8 years, you’ll have paid the vehicle’s purchase price. You would expect 40% resale value if you’d purchased instead. Paying in installments would mean 54K present value of that money. Yes you saved 20K but also lost 28K. Not to mention, you purchased a vehicle solely because it wS a great lease deal.
@brwnhornet772025-02-08
So does this mean if I put zero down I get it for 700 a month?
@hermeslee98882025-02-07
Thrash
@eqkimballd2025-02-07
its an EV.... 8==👊🏼==D💦💦
@charlie_nusbaum2025-02-05
That contractual residual at the end of the term is going to be a bitch for dealer buyback.
@lipcroix2025-02-05
Flawed math + the car is junk.
@ampbc232025-02-05
Just tell me the residual and money factor and I’ll tell you if it’s a good deal. Way easier
@juliantudose2025-02-04
Lease is always a bad deal
@alwayson31319782025-02-04
Great car
@anon1202922025-02-02
I wouldn’t lease this thing for 2 cents. What kind of silly person think 550 a month is worth it???
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Comments (14)
You’re misleading people with your math. If you want to do 0down and not do the 5k down they would add interest , tax and they wouldn’t subtract the 1st month payment from that # it would be included.
Love my Lucid Air GT…real luxury no maintenance
Ravi you make your calculations simple and easy to understand. Every general rule of thumb will have its exceptions but generally what you’ve described is an excellent way to assess value especially on these cars you don’t want to be tied to for more than 3-4 years. Thanks man! You’re helping a lot of people!
Only in America
In 8 years, you’ll have paid the vehicle’s purchase price. You would expect 40% resale value if you’d purchased instead. Paying in installments would mean 54K present value of that money. Yes you saved 20K but also lost 28K. Not to mention, you purchased a vehicle solely because it wS a great lease deal.
So does this mean if I put zero down I get it for 700 a month?
Thrash
its an EV.... 8==👊🏼==D💦💦
That contractual residual at the end of the term is going to be a bitch for dealer buyback.
Flawed math + the car is junk.
Just tell me the residual and money factor and I’ll tell you if it’s a good deal. Way easier
Lease is always a bad deal
Great car
I wouldn’t lease this thing for 2 cents. What kind of silly person think 550 a month is worth it???