JR Garage's Lucid Air Grand Touring: A $70,000 Financial Lesson
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- By Dushyant
- (@dishs)
Today on JR Garage, the guys take us on a journey to Billings, Montana, where they confront their automotive nemesis - the Lucid Air Grand Touring. In a tale of love turned sour, they reveal the harsh reality of their worst financial decision yet. Despite their admiration for the car's luxury and performance, the team faces a brutal truth: the Lucid Air's value has plummeted, resulting in a staggering $70,000 loss in under two years. This revelation hits hard, especially for a channel known for their savvy car deals and profit-making flips.
Reflecting on their strategy of early EV reservations for low prices, tax benefits, and rental revenue, the team admits that this time, they missed the mark. Opportunities for better choices with the Lucid Air Pure and Touring models slip through their fingers, leaving them to grapple with the consequences of their ill-timed purchase. As they compare the financial hit from the car to potential losses from Lucid stock, which also took a beating, the guys face the music with honesty and transparency, showcasing the harsh realities of the automotive world.
Despite the setback, JR Garage remains resilient, sharing their story with their audience in a candid and upfront manner. The video serves as a cautionary tale for car enthusiasts and investors alike, highlighting the unpredictable nature of the automotive market. Through their experience with the Lucid Air Grand Touring, the team emphasizes the importance of thorough research, timing, and a dash of luck in navigating the complex world of car purchases and investments. In the end, this episode stands as a testament to the highs and lows of the automotive industry, reminding viewers that even the most seasoned car aficionados can sometimes find themselves on the wrong side of a deal.
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
Watch How We LOST $100k In 2 Years Owning a Lucid Air (Worst Financial Decision EVER) on Youtube
Viewer Reactions for How We LOST $100k In 2 Years Owning a Lucid Air (Worst Financial Decision EVER)
Many users express disappointment in the depreciation of the Lucid Air electric car
Some users prefer older gas cars for reliability and longevity
Discussion on the affordability and value of luxury cars, especially EVs
Mention of the Mercedes EQS as an alternative to the Lucid Air
Debate on the future of EVs and infrastructure, with some suggesting ethanol as an alternative
Suggestions to keep the Lucid Air for a few years to get the most out of it despite depreciation
Comments on the depreciation of luxury cars in general
Some users express disinterest in electric cars
Recommendation to consider leasing rather than buying if changing cars frequently
Mention of other EV models like Kia's EV6 and EV9
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