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EV Climate Loan 101
EV Life Lowest Payment Guarantee
EV Life Lowest Payment Guarantee
Peter Glenn avatar
Written by Peter Glenn
Updated over a week ago

Find a lower EV loan payment, get $100 off your first month.*

If you find a lower monthly auto loan payment within 72 hours, we’ll match your monthly loan payment and give you a $100 credit on your first month’s loan statement.*

*Terms and Conditions

If you receive a fully approved offer for an auto loan with lower monthly payments, elsewhere, EV Life will price match the monthly loan payment and give you a $100 credit on your first month’s loan statement (the “Best Payment Guarantee”).

Qualifications. To qualify for EV Life’s price match guarantee, you must:

a. Be an EV Climate Loan applicant for:

i. A new electric vehicle,

ii. Financed in California, and

iii. Qualified by EV Life for a tax credit of $7,500 in combination with a CVRP California State Rebate of $2,000 or a Colorado EV Tax Credit of $5,000.

b. Submit a full application and be approved for an EV Climate Loan powered by EV Life through our lending partner, Modern Financial.

c. Present the competing loan offer to EV Life within seventy-two (72) hours of receiving the loan offer from EV Life.

d. The competing offer must:

i. Be a fully approved loan (not a pre-qualification) priced in USD, including taxes and fees;

ii. Include vehicle purchase price, make and model of vehicle, and loan terms identical to the EV Life loan including matching duration and term of the EV Life loan offer;

iii. Be available to the general public.

2. Restrictions

a. The Lowest Payment Guarantee applies to the monthly loan payment only, and does not apply to interest rates, APR, or any other terms of your loan.

b. EV Life will determine in its sole discretion the accuracy and validity of the presented loan payment in order to determine whether it will be matched. If EV Life finds that a competitor's loan offer is not accurately presented, it has no obligation to match the monthly loan payment.

c. EV Life, at its sole discretion, reserves the right to not match any such competing monthly loan payment. However, if EV Life chooses to decline said match, EV Life will offer $100 for finding a lower monthly payment.

3. To submit a claim:

a. Submit your claim within 72 hours of receiving EV Life’s loan offer through this online form.

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