Lucid introduces financial services with Bank of America
Lucid unveiled Lucid Financial Services, a digital platform offering a new financing process, including lease and loan purchase options to Lucid Air customers. The program is accessible to US customers and runs together with Bank of America.
The Lucid Financial Services are offered through a strategic relationship with Bank of America. The options made available for customers include 24-, 36-, or 48-month leases, and loans with various length terms. Approval for any term will depend on a customer’s individual situation, the company writes.
“Lucid Air customers have requested flexible financing options, including lease and loan purchase, with many of them preferring a 100% digital experience,” said Amira Aly, Lucid’s Director of Financial Services. “Lucid Financial Services is all about delivering a best-in-class finance journey from online application to e-signing with full transparency of terms and flexible purchasing options. Our goal is to transform vehicle financing by introducing new processes that enable our customers to experience the luxury and technology of Lucid electric vehicles.”
At present, customers in the US now taking deliveries of Lucid Air Grand Touring models can get on board and Lucid says, financing will also be available to customers taking delivery of Touring and Pure models later this year.
“We are delighted to provide tailored financial solutions to customers for leasing or buying Lucid vehicles, and our digital solutions make it fast and easy to apply for financing,” said Fabien Thierry, Head of Vehicle Lending Products at Bank of America. “Our relationship with Lucid helps us meet growing consumer demand for electric vehicles and reinforces our $1 trillion commitment to environmental transition and low-carbon solutions.”