Reading view

There are new articles available, click to refresh the page.

Lucid Owner Gets A $50,000 Lesson On Depreciation

  • Lucid Air Grand Touring originally retailed for $124,950 new.
  • Seller drove 6,500 miles before listing it online this month.
  • Buyer avoided steep depreciation, gaining a flagship EV deal.

While Lucid has carved out a niche in the premium EV market with impressive engineering and design, even the most advanced models aren’t immune to real-world ownership realities. Software hiccups aside, the Lucid Air remains a strong contender, but like many luxury electric vehicles, it faces steep depreciation, a fact this particular seller encountered firsthand.

Read: Spilled Water Bricks Lucid, Repair Costs As Much As A Used Corolla

This 2025 Air, finished in Fathom Blue Metallic, is the Grand Touring variant. It sits near the top of Lucid’s lineup, just below the range-topping Air Sapphire, which plays in near-hypercar territory when it comes to straight-line performance.

A look at the window sticker shows a base price of $110,900 before destination charges. This example came well-optioned, including the $5,500 Tahoe extended leather package, Lucid’s $2,500 DreamDrive Pro driver assistance system, and $3,750 power front seats equipped with massage and ventilation.

What’s The Price Of Premium?

 Lucid Owner Gets A $50,000 Lesson On Depreciation

With these extras and a $1,500 delivery fee, the total MSRP climbed to $124,950 before taxes. The seller acquired the car less than a year ago, making the next part of the story particularly painful.

According to the Cars & Bids listing, the original owner bought it in February of last year and drove it just 6,500 miles (10,500 km) before putting it up for sale a few days ago. Despite being in near-new condition, it sold for only $75,500. That’s a brutal financial loss of $49,450. And that’s before taxes and other expenses like registration fees. It’s a sharp reminder of how rapidly luxury EVs can shed value.

\\\\\\\\\\\\\\\\

Cars & Bids

The good news, if you’re the buyer, is that much of that initial depreciation has likely already happened. Although the car will continue to lose value over time, as most do, the worst of the drop may be behind it. Some 2022 Air Grand Touring models are now changing hands for prices in the mid-$50,000 range, so this one may continue along that curve.

Read: Popular YouTuber Got Critical With Lucid, And Things Didn’t End With A Shrug

Still, for a long-term owner, there’s reason to feel good about the purchase. They’ve essentially sidestepped nearly $50,000 in immediate depreciation, while gaining access to one of the most refined and tech-laden luxury sedans available.

The Air Sapphire has attracted most of the buzz over the past couple of years, but the Grand Touring remains extraordinarily impressive. It has a pair of electric motors with a combined 819 hp, allowing it to hit 60 mph (96 km/h) in around 3 seconds. In addition, it has an exceptional driving range of 512 miles (824 km), among the highest of any current EV in the market.

\\\\\\\\\\\\\

Cars & Bids

He Sold His $142K Lucid At A Huge Loss After Just 400 Miles Of EV Reality

  • The owner sold nearly new $142K Lucid Gravity after 400 miles.
  • Broken workplace chargers and no home charger caused the issue.
  • The seller still loves the car and plans to return to EVs eventually.

It’s hard to argue that owning a vehicle with 1,070 horsepower (797 kW) wouldn’t be extremely fun. However, that excitement turns on its head when you realize that there’s nowhere to refuel, or rather in this case, recharge it.

That’s exactly what just happened to a Brooklyn-based Lucid Gravity Dream Edition buyer. After snatching this unique EV up brand new in September of 2025, he ended up selling it just 400 miles later for a huge loss.

More: Lucid’s Cheaper Gravity Lost Hundreds Of Horses But Found You Thousands In Savings

The seller on Cars & Bids shared a photo of the window sticker for this luxury SUV, listing an MSRP of $141,550. When the hammer fell on his auction sale of the car, it brought just $123,000. That’s a painful $18,500 lesson for 400 miles of usage in a little over a month, amounting to $46.25 for every mile he put on the odometer.

Where Do You Plug In?

Why take such a big loss for a vehicle that the owner says is “an awesome car”? It all comes down to charging it up. For the owner, it was almost like buying a Hellcat and then realizing that the closest gas station is 220 miles away.

\\\\\\

Cars&Bids

He says that his initial plan was to charge where he works but then one option after another fell apart until he had to take the loss we’re talking about here.

“I was planning to charge at work but the chargers at my work aren’t working and there is seemingly no plan to fix them. Since I don’t have a charger at home and can’t get one installed this became an unsolvable,” he said in response to a question about the situation.

He then went on to fault his living location, New York, more than anything else.

 He Sold His $142K Lucid At A Huge Loss After Just 400 Miles Of EV Reality

“I tried to find another solution but in NYC most chargers (all the ones convenient to me) were in parking garages where you had to pay exuberant [sic] prices to park in order to use the chargers. I live a busy life so just couldn’t find a workable solution,” he added.

It’s a little ironic that in a city as vast and densely packed as New York, famous for both its wealth and its gridlock, a high-end EV can still be this impractical. For now, he’s out, but he hasn’t sworn off electric power entirely. According to him, he’ll be back behind the wheel of another EV “as soon as [a solution] presents itself.”

\\\\\\\\

Source: Cars&Bids

❌