Lucid Teams up With Bank of America to Launch Lucid Financial Services

Lucid Group, Inc. has unveiled Lucid Financial Services, a digital platform offering a flexible, fast and easy financing process, including lease and loan purchase options to Lucid Air customers. Lucid Financial Services is offered as part of a seamless online experience through a strategic relationship with Bank of America. 

The program is accessible to U.S. customers now taking deliveries of Lucid Air Grand Touring models and will also be available to customers taking delivery of Touring and Pure models later this year. 

The digital platform enables all aspects of the vehicle purchasing process to be completed online, including the finance application and e-signing of the finance contract. 

Throughout its growth, Lucid Financial Services will continue to evaluate new product offerings that enable ownership and leasing options for Lucid vehicles.

Amira Aly, Lucid’s Director of Financial Services, says: “Lucid Air customers have requested flexible financing options, including lease and loan purchase, with many of them preferring a 100% digital experience. 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.”   

“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,” adds 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.” 

The company‘s first car, Lucid Air is a state-of-the-art luxury sedan with a California-inspired design that features luxurious full-size interior space in a mid-size exterior footprint.