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Lucid Motors launches Lucid Financial Services with Bank of America for lease and loan financing

Today Lucid Motors introduced a new digital financing system named Lucid Economic Companies to give lease and personal loan purchase possibilities to Air EV clients in the United States. The financing solutions are presented as a result of a strategic partnership between Lucid Team and Bank of The usa.

Lucid Motors ($LCID) is at present offering the 2nd of 4 available trim levels of its flagship Air EV sedan. Though it has currently struggled to satisfy original production targets for 2022 thanks to source chain constraints, Lucid has obtained early praise for the Air sedan, despite a couple remembers.

Existing output hurdles aside, the future stays vibrant for the American automaker, which went community past year. Pursuing deliveries of the Air Grand Touring, which are at the moment underway, will be the arrival of the two the Air Touring and Air Pure, the two most inexpensive trims of the sedan even right after value hikes that commenced June 1.

Following today’s announcement, Lucid Air buyers will now be capable to comprehensive their full EV buying method on-line such as the completion of the funding application and closing contract signing – all as part of the new Lucid Economic Providers platform with Lender of The united states.

The Lucid Air Grand Touring at this time for sale / Resource: Lucid Motors

Lease and bank loan financing as a result of Lucid Fiscal Solutions

The automaker announced its new digital financing system in a media home put up currently along with some of the added benefits it can supply potential lease and financial loan customers.

In addition to currently being capable to total the total funding approach entirely on the web, US buyers can just take gain of individualized assistance from Lucid Financial Products and services to enable them navigate the whole software approach. Lucid’s director of fiscal services Amira Aly elaborated:

Lucid Air consumers have requested flexible financing options, including lease and loan invest in, with many of them preferring a 100% electronic encounter. Lucid Monetary Products and services is all about providing a greatest-in-course finance journey from on-line software to e-signing with comprehensive transparency of conditions and flexible paying for selections. Our goal is to renovate automobile funding by introducing new processes that enable our shoppers to expertise the luxury and technological know-how of Lucid electric cars.

Bank of The usa has assisted Lucid Monetary Services in giving Air clients a personalized, digital funding solution. As a outcome, the financial institution is promising prospective clients competitive financing fees for their new Air, subject matter to approval.

Customers can use Lucid Financial Providers to use for lease terms of 24, 36, or 48 months or buy financial loans of a variety of phrases pending a supplied consumer’s person circumstance. The electronic funding platform is at the moment accessible to all US buyers taking deliveries of the Air Grand Touring EVs and upcoming clients taking shipping and delivery of Touring and Pure models afterwards in 2022.

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