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XL Hybrids Has New Finance Package

January 12, 2015 in Electric Drive, Hybrids, money available by Rich Piellisch  |  No Comments

Priority One Offering ‘Removes the Upfront Cost Barrier’

Massachusetts-based XL hybrids, which offers vehicle conversions said to reduce fuel consumption and emissions on the order of 20%, has teamed with Priority One Financial Services on a new low-cost, long-term financing package.

XL’s new package with Priority One Financial Services covers both new and retrofitted vehicles.

XL’s new package with Priority One Financial Services covers both new and retrofitted vehicles.

“The new financing allows XL Hybrids’ customers to retrofit current fleet vehicles and pay for the hybrid system over time,” states a release.

“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,” Priority One business development director Jared Zimlin says in an XL release.

A One-Page Application

“Now,” Zimlin said, “meeting state and federal mandates, while going ‘green’ with the XL3 Hybrid Electric Drive System, is simple and affordable to adopt.”

The new package boasts an easy, one-page application process, XL says, with options upfit new vans or buses or retrofit current fleet vehicles.

“Our XL3 is already the lowest priced, highest quality hybrid electric solution available for class 2-4 vehicles,” said president and founder Tod Hynes – less than $10,000, he told F&F, plus installation. “This new financing removes the upfront cost barrier and enables customers to immediately start reducing fuel use and carbon dioxide emissions by 20% and meet sustainability targets.”

No Plugs: Regen Is the Key

“Vehicles equipped with the XL3 hybrid system drive just like other fleet units with no driver training required,” XL says. “The charge-sustaining powertrain technology reduces operating and maintenance costs without the need for plugs or special fueling infrastructure.

“The XL3 Hybrid Electric Drive saves fuel through regenerative braking, a process by which the electric motor helps slow the vehicle when the driver brakes, charging the battery. When the driver accelerates, the battery releases the energy to the electric motor, helping propel the vehicle.”

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Source: XL Hybrids with Fleets & Fuels follow-up

Posted in Electric Drive, Hybrids, money available.

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