Photo: Lucid Motors
As electric vehicle (EV) startup Lucid Motors continues to expand its reach in a burgeoning market, the company has now unveiled an important set of payment options that could increase deliveries in the years to come.
Lucid Motors has unveiled its Lucid Financial Services program, a set of financing options shared in partnership with Bank of America, as detailed in a press release on Tuesday.
The digital platform offers several options for vehicle purchase and financing, all on an online interface through which customers can apply for 24-, 36-, or 48-month leases, as well as loans and flexible financing options.
Lucid said the new program is accessible to U.S. customers currently taking deliveries of Lucid Air Grand Touring models, while the offering will also be available for Touring and Pure models later this year.
Lucid Delivers 360 Cars in Q1, Increases Prices After $598 Million Loss https://t.co/57RA6EXBYn
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Bank of America’s Head of Vehicle Lending Products Fabien Thierry said, “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.”
Thierry continued, “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.”
The Lucid Air began delivering in Canada last month after it was initially debuted in the U.S. last October.
“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,” said Amira Aly, Lucid’s Director of Financial Services.
