All-electric Lucid Air is not cheap and to further expand its appeal, the carmaker has just announced Lucid Financial Services which will offer lease and loan options to customers.
Lucid Financial Services consists of a digital platform that covers all aspects of the vehicle purchase process and is done entirely online. Bank of America Lucid Air will provide customers with competitive financing rates and 24-, 36-, or 48-month leases, as well as terms of various lengths.
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“Lucid Air customers have requested flexible financing options, including lease and loan purchases, many of which prefer a 100% digital experience,” Amira Ali, Lucid’s director of financial services, said in a statement. “Lucid Financial Services is a world-class financial journey with complete transparency and flexible purchase options from online applications to e-signing. 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. ”
The carmaker did not say how much it would cost for its leasing and loan options, but noted that financial applications and e-signing of contracts can be done online.
“We are delighted to be able to provide customers with affordable financial solutions for leasing or purchasing Lucid vehicles, and our digital solutions make it quick and easy to apply for financing,” added Fabian Thierry, head of auto loan lending at Bank of America. “Our relationship with Lucid helps meet the growing consumer demand for electric vehicles and strengthens our 1 trillion commitment to environmental change and low carbon solutions.”
Lucid Financial Services is currently available for US customers receiving Air Grand Turing model deliveries and will be available later this year for those receiving Turing and Pure model deliveries. The program was launched a few weeks after the hit with the air withdrawal.