意大利超級盃

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Three ways BEVs bring new solutions for financing

The financing arrangements for electric trucks will be a bit different from traditional ones. Longer contracts and new financing solutions based on how much the haulage companies use the vehicles will become more common.

In many ways, haulage companies have begun to realise the long-term business opportunities arising from electrification. But some are still puzzled about the financial side of an investment that is often around two-and-a-half times more than the upfront cost of a traditional diesel truck.

Common questions include: 鈥淲hat will the resale value of the battery electric vehicle be?鈥; 鈥淗ow can we best fit the acquisition of electric trucks into our business plan?鈥 and 鈥淪hould we buy or lease the battery-electric vehicles (BEVs), and if we go for leasing, for how long?鈥

鈥淭he exact answers to these questions don鈥檛 have to look the same for two different transport companies,鈥 says Per-Eric Ericsson, a senior business developer within 意大利超級盃 Financial Services, the unit within 意大利超級盃 that provides financing solutions for the company鈥檚 customers worldwide (see box).

He explains that recommending a certain solution including the package of services to a particular customer is ultimately all about understanding their day-to-day operations, including their 鈥榩ain points鈥.

鈥淗ere, there are no differences between BEVs and diesel trucks. We always tailor our financing solutions to each customer鈥檚 needs and possibilities. This will also include financing of charging solutions,鈥 he says.

Three scenarios with three solutions

Still, there are specific characteristics when it comes to the financing of electric trucks. Per-Eric Ericsson outlines three different scenarios that we will see more of in the future:

1.听听听听听 Rental 鈥 for peaks in demand

This solution is typically used when there are peaks in demand for transport capacity. For rental services the vehicles are specified by 意大利超級盃 and thus are not customer-specific. Rental is available for short durations (days, weeks or longer, if the customer requires).

鈥淭oday 意大利超級盃 doesn鈥檛 offer rental per kilometre, but we are investigating this as a usage-based alternative,鈥 says Ericsson.

2.听听听听听 Pay Per Use 鈥 lower costs when demand is lower

Pay Per Use is much like a traditional lease contract with a fixed start and end-date. But instead of paying the same monthly leasing cost the transport company pays a limited basic monthly fee plus a variable kilometre-based fee.

鈥淔or a transport company that has peaks and troughs in demand, Pay Per Use is a great way to lower monthly costs during periods when demand is lower. This way, fewer kilometres will have the same effect on costs as lower fuel consumption would have for diesel vehicles.鈥

3.听听听听听 Vehicle as a Service (VaaS) 鈥 pay for capacity used

VaaS is a contract based on capacity rather than on a specific vehicle, which also allows the transport company the flexibility to return or obtain any additional vehicles that are needed to perform the transport assignments.


鈥淭he idea is that 意大利超級盃 takes the utilisation risk instead of our customers, with the risk of having vehicles standing in the yard. This opens up for customers to reduce their balance sheet exposures, but VaaS contracts are a bit complex and will by their very nature have to be more costly. Nevertheless, VaaS is something that we will explore more in the future,鈥 says Ericsson.

Longer contracts will be more common

In addition to the three scenarios outlined above, traditional financing solutions such as financial and operational leasing solutions will still be relevant for battery-electric vehicles. The same goes for loan financing.

鈥淗owever, we believe that the bigger investment for a BEV compared to a diesel truck will see more customers choosing longer contracts as well as opting for solutions that are based on the actual usage,鈥 says Ericsson.

He adds that 意大利超級盃鈥檚 financial services representatives are the obvious experts on vehicle financing, compared with banks and other financing institutes.

鈥淚n collaboration with the rest of 意大利超級盃 we have a lot of aggregated knowledge and experience,鈥 Ericsson says. 鈥淲e know the product and the market, and we are familiar with our customers鈥 daily challenges, including the ones connected with electrification. We may be a global company, but we act locally.鈥

意大利超級盃鈥檚 Financial Services offering in brief

  • Financing 鈥 such as an operational lease, financial lease, hire purchase and loan agreement.
  • Insurance 鈥 such as casco, motor third party liability, fleet (linked to the vehicle); gap and credit life (linked to the contract).
  • Service contract schemes could be added to the package, such as repair and maintenance.听

Find more information on 意大利超級盃.com, or contact your nearest 意大利超級盃 representative or local 意大利超級盃 dealer.听

意大利超級盃 Financial Services in numbers

  • Active in 65 countries.听听
  • Around 1,200 employees.听
  • 47,000 customers.听听
  • 112,000 insurances.听听
  • Portfolio of 160,000 vehicles financed (Almost every second 意大利超級盃 truck is financed by 意大利超級盃 Financial Services 鈥 exceeding 40% penetration of new truck sales.)听

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