Lucid Deals Analysis June 2026
This is a major end of quarter deals update, chock full of improvements in incentives. All figures assume 36 month, 10k mile leases, $0 down, taxes and acquisition fee excluded.
Incentives summary:
Studio Select - $5,000. This is an improvement from the usual $3,000, now making it the single largest incentive Lucid is currently offering. It is an incentive available for select on-site inventory - there is no way to know which vehicles qualify without contacting your Sales Associate and inquiring.
Trade-in bonus - $4,000. Any non-Lucid vehicle remains eligible. Notably excluded: MY 2026 or leased vehicles.
Conquest - $2,000. Available if you own any non-Lucid vehicle. Only on-site vehicles are eligible, but not as limited as Studio Select.
Loyalty - $2,000-$3,000. Available if you own or lease a Lucid Vehicle. Cannot stack with Conquest or trade-in bonus. The discount is $2,000 towards an Air or $3,000 towards a Gravity.
Employee Referral Credit - $1,000. This may be offered proactively by a sales/studio associate. Otherwise, inquire for one. Cannot stack with a customer referral credit (2,000 points for both referrer and referree).
Promotional APR financing:
0%/0%/0.99% APR financing for 60/72/84 months on the Gravity Touring.
0%/0.99%/1.99% APR financing for 60/72/84 months for the Air Pure/Touring.
0.99%/1.99%/2.99% APR financing for 60/72/84 months for the Air Grand Touring and Gravity Grand Touring.
Highlights with MF/RV breakdown:
If you're looking for the best deal, prioritize securing Studio Select. The increase from $3,000 to $5,000 considerably changes the math, knocking off an additional $55/mo from last month. It's worth noting that Studio Select is a VIN-specific discount typically applied to less desirable configs. Also, Studio Select remains elusive as ever. The discount value can change, and eligible vehicles appear to change as often as weekly. If your desired spec is not eligible for Studio Select, consider waiting 1-2 weeks to see if things shake up (Lucid frequently updates deals mid-month). Conversely, if a satisfactory config does end up qualifying for Studio Select, don't squander it, as this is a very fluid incentive.
It's an even better time to lease the Gravity Touring than last month, especially when fully loaded, and substantially if you can secure the improved Studio Select. Modest improvements in MF from 0.00062 (1.49% APR) to 0.00042 (1.01% APR), partially offset by a restructured RV (now a flat 50.8%, previously a range of ~51.5 to 50.4%). Assuming Conquest, Studio Select, and the employee credit, a Gravity Touring starts at $728/mo (0.89% MSRP/mo) compared to $793/mo (0.97% MSRP/mo) last month. The savings are further exaggerated this month on fully loaded Gravity Tourings (1.02% vs 1.12% MSRP/mo), because of the new flat RV% rather than last month's degrading residuals with increasing MSRP.
The Air Pure is a clear winner this month. The Air Touring follows closely. Studio Select makes the month-to-month gap even bigger. The Pure's MF dropped significantly, from 0.00114 (2.74% APR) to 0.00023 (0.55% APR). Coupled with changes in Studio Select, the result is a monthly lease payment over $130/mo cheaper than last month, now starting around $607/mo (0.84% MSRP/mo) assuming Conquest, Studio Select, and the employee credit. Stacking a trade-in of your beater sedan on top could bring it down as low as ~$500/mo (~0.70% MSRP/mo). The Touring's MF also dropped, though not as dramatically, from 0.00142 (3.41% APR) to 0.00094 (2.26% APR).
Small increases in MF were seen in both Grand Touring models. the Gravity GT (from 0.00108 / 2.59% APR to 0.00130 / 3.12% APR) and Air GT (from 0.00001 / 0.02% APR to 0.00018 / 0.43% APR). The Air GT RV also slightly decreased from 45.3% to 44.6%, further increasing the monthly payment. Folks interested in the GGT in particular should look into Lucid's promotional financing loan rates. Both Grand Tourings finance at 0.99%/1.99% APR on 60/72 month loans. Feel free to play around with our lease vs loan calculator.
Overall, it is an excellent time to lease a non-GT Air or Gravity. Start by reaching out to your sales associate for a list of Studio Select-eligible vehicles and decide from there. If there aren’t any desirable configurations available, check in every week or so, as bonus-eligible vehicles are continually added.