Commercial EV Fleet Leasing & Financing
Unlock the Power of Electric Vehicles
Scale your fleet with lower upfront and overall ownership costs
Spring Free EV can accelerate your business
Adding electric vehicles to your fleet has never been easier — or smarter.Â
Lowest high mileage, closed-end lease in the industry
Tax deductible commercial lease payments
Cut maintenance costs by up to 60%
What Our Customers Say
"After we completed our due diligence, we saw ourselves aligning with Spring Free as a real partner from now and in the future."
Jerome Mends-Cole,
SacTesla
"It's basically just sign an agreement and the car is delivered as soon as it's available."
Jaren Skinner,
ISLAND RIDES
How you save with Spring Free EV
Total Cost of Ownership (TCO)
|
Traditional lease
BMW 330i
 |
Spring Free EV
Tesla Model 3
 |
| Total Upfront costs1 | $4,255 | $1,250 |
| Effective monthly payment (Lease payment, overage, down payment) | $1,312 | $1,244 |
| Est. Fuel / Charging cost2 | $444 | $234 |
| Maintenance3 | $375 | $225 |
| Monthly TCO | $2,131 | $1,703 |
| Monthly savings with Spring Free EV | $428 | |
| Yearly Savings with Spring Free EV | $5,132 | |
[1] Manufacturer advertised down payment on May 2023. Actual rate may vary.
[2] Advertised lease payment for southern California, May 2023. Actual rate may vary.
[3] Overage rate is $0.25 per mile over 1,250 (the average monthly mileage for a 15,000 mile per year lease)
[4] Fuel estimate for BMW 330i is based on 30 combined MPG and $3.55 gas/gallon. Charging estimate for Tesla Model 3 are based on 4.0 mi/kWh and $0.25 charging costs. Actual rates may vary.
[5] Average maintenance cost for a gas vehicle is $0.10 per mile. Average cost maintenance cost for EVs is $0.06 per mile
How Spring Free EV is different
No mileage cap
Leases come with 1,800+ miles/mo. Beyond that, pay only 8-16 cents
Path to purchase
Option to buy at end of term — the more miles driven, the lower the buyout price
One-stop supplier
From sedans and SUVs, vans to trucks, we’re your source for electric vehicles
Optimize cash flow
Low upfront costs (including a refundable deposit)
Here to help you scale
Build your business credit with each lease payment
FAQ
Unlike traditional leases, we are specifically for commercial use, have lower upfront costs, and are best suited for high mileage driving.
Our base monthly price includes 1,800 – 2,000 miles per month, depending on the vehicle. Once the included miles are reached we charge $0.08-$0.31 per mile.
Our vehicles can not be used as a personal vehicle. At this time we only offer commercial leases which require a business license to qualify.Â
Electric vehicles (EVs) cut maintenance costs by having fewer moving parts, simplified maintenance routines (e.g. no oil changes), longer-lasting brakes, improved battery technology for longer lifespan, and utilizing remote monitoring for proactive maintenance. These factors lead to significantly reduced maintenance expenses compared to traditional vehicles.
Companies like Hertz estimate that they save 50-60% on maintenance by switching to electric vehicles. This in turn allows them to increase their profit margins.
On average, it costs $10-$30 to go from empty to full, depending on the kind of charger used. That cost is even lower if you’re able to charge at home – dropping down to $6 on average.Â
For comparison, it costs gas vehicles $46-$57 on average to fill up.
We’re a seasoned group of entrepreneurs with rich backgrounds in mobility (Tesla, Sidecar, Getaround, Revel), renewable energy finance (Sunrun, Mosaic), and structured finance (Morgan Stanley, Rabobank).
Our investors include Reid Hoffman (co-founder of LinkedIn), Ev Williams (founder of Twitter), Stephen DeBerry (founder of Bronze VC) and Spring Lane Capital.
Resources for Fleet Managers
Your ultimate resource for maximizing operational efficiency and profitability. Explore expert insights, tips, and updates on fleet management and electrification
Essential Fleet Safety Tips for Ensuring Secure and Efficient Operations
- Anika Brown
- -
- October 12, 2023
As Seen in
Best-In-Class Partners
EV Fleet Services Across Multiple US States:
Spring Free EV now serves several states across the US, offering businesses in diverse regions the opportunity to upgrade their fleets with our affordable EV leasing programs. Experience the same commitment to efficiency and sustainability, no matter where your business is located.