Lucid Air Resale Value and Depreciation
See how much the Lucid Air depreciates and retains its value over a 3-, 5-, 7- and 10-year timeframe.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Lucid Air depreciates 66.3 percent after five years, resulting in a resale value of $23,525. In comparison, the luxury electric midsize car category, which the Lucid Air belongs to, loses 68.2 percent of its value after five years. For further context, the five-year depreciation for all sedans is 42.8 percent and for all vehicles is 45.5 percent.
If you plan to drive a new Lucid Air for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Lucid Air sees a depreciation of 56.5 percent with a resale value of $30,389. Its 7-year depreciation is 76 percent and 10-year depreciation is 81 percent.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Lucid Air depreciates 66.3 percent after five years, resulting in a resale value of $23,525. In comparison, the luxury electric midsize car category, which the Lucid Air belongs to, loses 68.2 percent of its value after five years. For further context, the five-year depreciation for all sedans is 42.8 percent and for all vehicles is 45.5 percent.
If you plan to drive a new Lucid Air for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Lucid Air sees a depreciation of 56.5 percent with a resale value of $30,389. Its 7-year depreciation is 76 percent and 10-year depreciation is 81 percent.
Lucid Air Depreciation After 3, 5, 7 and 10 Years
Lucid Air Depreciation and Resale Value
| Vehicle Age | % Depreciation | $ Depreciation | % Residual Value | $ Residual Value |
|---|---|---|---|---|
|
3 Years |
0.5652530149 |
39511.18574151 |
0.4347469851 |
30388.81425849 |
|
5 Years |
0.6634529289 |
46375.35973011 |
0.3365470711 |
23524.64026989 |
|
7 Years |
0.7595530616 |
53092.75900584 |
0.2404469384 |
16807.24099416 |
|
10 Years |
0.8096605384 |
56595.27163416 |
0.1903394616 |
13304.72836584 |
Lucid Air Depreciation Comparison
| 3-Year Depreciation | 5-Year Depreciation | 7-Year Depreciation | 10-Year Depreciation | |
|---|---|---|---|---|
|
Lucid Air |
0.5652530149 |
0.6634529289 |
0.7595530616 |
0.8096605384 |
|
All Luxury Electric Midsize Cars |
0.5144977961946869 |
0.6818061245125 |
0.7697281568375 |
0.8261765278125 |
|
All Sedans |
0.3085508688330991 |
0.4277164940470631 |
0.5436742510694104 |
0.6628421134316008 |
|
All Cars |
0.3165179968413209 |
0.4545119881897068 |
0.5646277219298009 |
0.673588353813038 |
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Methodology
iSeeCars analyzed over 15 million vehicles to calculate the depreciation and resale value for each model after 3, 5, 7, and 10 years. The depreciation for a given model is calculated from the difference between the new car price and the used car price for the model at each age. Factors such as the car's automaker and vehicle segment are taken into account in iSeeCars' mathematical model to estimate resale value and depreciation. Various segment averages are also calculated for context.