Warning: Lucid Financial ruined my perfect credit score and their servicing has been a nightmare
I’m posting this as a warning to anyone considering buying or financing a vehicle through Lucid / Lucid Financial.
Lucid Financial reported me 30 days late for March 2026 even though I had autopay set up and payments were being withdrawn from my bank account on March 1 and April 1. This has damaged what was previously a perfect credit score, and now I’m the one wasting hours of my life trying to fix their mess.
When I called, they gave me inconsistent explanations, could not clearly identify which payment was supposedly missed, and repeatedly told me things that did not line up with my bank records or their own timeline. From my perspective, they lied to me on the phone, failed to properly notify me when payment was allegedly due, and then punished me by reporting a delinquency to the credit bureaus.
This is not even the first issue. Last year, my account was apparently deleted by accident, which caused autopay to fail. So this is now a pattern: their systems fail, autopay breaks or is mishandled, and the customer gets stuck cleaning up the consequences and dealing with credit agencies trying to remove delinquencies.
A luxury vehicle company should not have financing operations this disorganized. If you rely on autopay, you would think you’re protected. With Lucid Financial, apparently you’re not. They can take your payments, fail to communicate properly, report you late, damage your credit, and then make you fight to prove they caused the problem. I've leased many other cars and never had a terrible experience and dealt with worse personnel.
My advice: do not buy a vehicle from Lucid unless you are prepared to babysit every payment, monitor your credit constantly, and spend hours fighting their financing department if something goes wrong. I can't wait to return their car and never talk to them again, if they even exist by then. Their stock price is in the toilet, understandably so.
I regret buying from them and would strongly warn others to stay away. I'm about to report them to the government for consumer fraud and abuse.