LEASE A GREENER TOMORROW
Whether you’re in the market to operate a few or a few hundred electric vehicles, BYD has a financing option to suit your needs. We understand that the process for purchasing something as costly and essential to the function of your organization as a commercial vehicle can be complex and intimidating.
Click to select a lease option below to find out what option is best for you!
Financing Option
OPERATING LEASE
An Operating Lease sets up a regular payment structure, with a residual cost to voluntarily purchase the vehicle at the end of the payment term. This residual is equal to the “fair market value” of the vehicle, which is determined at the end of the lease.
The establishment of a residual with an Operating Lease reduces the monthly cost compared to a traditional loan. This is an excellent option for obtaining “static” vehicles that retain their value over time, such as forklifts.
What are the Benefits
- Lower monthly payments than a traditional loan
- No money down necessary with approved credit
- Payments are off the balance sheet, opening you up for more borrowing opportunities.
TRUE LEASE
Like the Operating Lease, a True Lease establishes a residual cost with the option to purchase the vehicle at the end of the payment term. The key difference with the True Lease is this residual value is determined up-front.
This allows you greater control over the financing terms, with no uncertainty as to the value of the vehicle at the end of the lease. For lessees who prefer peace of mind to focus on other aspects of their business, this financing solution is ideal.
What are the Benefits
- Lower monthly payments than a traditional loan
- More control over the financing terms
- You retain the tax benefits of the lease as a result of payments staying on your books.
FINANCE LEASE
(Formerly known as Capital Lease) The Finance Lease essentially operates like a loan; pay a regular fee for a set period of time and the vehicle is yours. For customers who are determined to own their metal, this is the fastest way to do so.
In this context, this is where for profit business women and men want a fully amortizing transaction – a clear path to ownership of their BYD systems.
What are the Benefits
- No residual value accruing interest over time
- No money down necessary with approved credit
- Fastest path to ownership
EV AS A SERVICE
Much like software-as-a-service models like Salesforce and Office 365, EV as a Service affords you the opportunity to operate the latest electric vehicles BYD has to offer over a consistent payment structure.
All classes of BYD customer – for profit, non-profit, state and local government, higher education and more – can benefit from this asset light out-sourced model where your payments are denominated in miles, passenger miles, service days – the criteria you define to be the best possible solution for your balance sheet and income statement.
What are the Benefits
- Payments are off the balance sheet, opening you up for more borrowing opportunities.
- Always have the most up-to-date BYD vehicles
- Guaranteed up time for your vehicles
MUNICIPAL LEASE
In all 50 states, local governments are authorized to finance vehicles without explicit voter referendum through a Municipal Lease. The Municipal Lease operates like a loan, except with a mandatory $1 residual. Are you the employee of a government agency or public university? This is the financing option for you!
This model is where we, as the lessor/lender, are exempt from federal and state income tax and our state and local government customers can acquire their BYD equipment at very low interest rates without a voter requirement and in fully amortizing financing. This also applies to school districts, airports, and hospitals.
What are the Benefits
- Lowest payment option
- Cancelable at any time
- No voter requirement
TRAC LEASE
For our commercial/for-profit customers this is a model where we share residual risk and upside with you to help keep your costs low and your ability to manage a path to ownership known and affordable.
What are the Benefits
- Lower monthly payments
- More control over financing terms
- Payments are off the balance sheet, opening you up for more borrowing opportunities.
DRIVING THE FUTURE
