Mack Trucks, a subsidiary of the Volvo Group, has launched a usage-based leasing option for its MD Electric medium-duty truck, which is expected to go into production late this year (Mack is currently taking orders).

The ElectriFi Subscription program allows customers to pay as they go based on monthly miles driven. Chassis and body, charging, applicable incentives, scheduled maintenance and some insurance costs are bundled into a monthly payment. Customers also receive access to Mack’s Uptime suite, including telematics and 24/7 roadside service.

Subscriptions start at three years, with an option to extend as far out as six. At the end of the term, customers can renew the subscription, purchase the truck or end the contract. The minimum monthly mileage is 1,700 miles, and the subscription fee is calculated based on tiers.

George Fotopoulos, leader of Mack’s E-mobility business unit, points out that the upfront investment for an electric truck is quite high. The ElectriFi Subscription “truck as a service” program is designed to take the upfront costs out of the equation. The company also offers other financing options, including loans for charging infrastructure.

“Mack and Mack Financial Services have given customers several optimized financing options that will help support their businesses,” Fotopoulos said. “ElectriFi Subscription, the other financing options and the Mack Ultra Service Contract were designed to help remove any hesitancy about financing, service and support that customers might experience as they electrify their fleets.”

Mack’s MD Electric truck is available in two versions. The Class 6 option has a gross vehicle weight rating of 25,995 pounds, and the Class 7 model has a GVWR of 33,000 pounds. It is offered in dry van/refrigerated, stake/flatbed and dump formats.

Source: Transport Topics