XL Hybrids Inc., a Massachusetts-based developer of hybrid-electric powertrain technology, has teamed up with Priority One Financial Services Inc. to offer special financing options ideal for midsize and smaller fleets.
XL Hybrids says the new, long-term options will allow customers to retrofit current fleet vehicles and pay for the XL3 hybrid-electric drive system over time. Furthermore, customers can also refinance their existing vehicles or order new vans and buses with the system.
“For individual operators and fleet managers considering the benefits of XL Hybrids' electric powertrain technology, our competitive lease and finance options help make the conversion and cost that much simpler to budget,” comments Jared Zimlin, business development director at Priority One Financial Services, a subsidiary of Forest River Inc.
Tod Hynes, president and founder of XL Hybrids, adds, “This new financing removes the upfront cost barrier and enables customers to immediately start reducing fuel use and CO2 emissions by 20 percent and meet sustainability targets.”