Introducing EVInstafleet
We flipped the commercial
auto lease model to help customers
Scale their
fleets
Lower total vehicle costs
Improve
cash flow
No Mile Limits:
Mile minimums instead of mile maximums
- Our base rate includes 2,000 miles per month (1,800 miles for Teslas)
- Our Unlimited Miles tier (~2,750 miles per month) unlocks a flat rate
Pricing:
Pay-per-mile subscription model
- Customers pay a base monthly rate (that includes 1,800-2,000 miles) plus a fee per additional mile driven
- Once our Unlimited Miles tier is reached, we charge a flat rate. You’ll pay the same price at 3,000 miles as you will for 10,000 miles
Vehicles:
Top-rated electric vehicles
- Access to popular EV makes and models including Tesla and Chevy - and we’re continuing to expand our inventory
- EV maintenance and fuel costs are on average 40% less that gas vehicles
Why EV Leases
Tax deductions
Unlike loan payments, commercial auto lease payments are tax deductible
and fuel costs See a 40% decrease in maintenance and fuel costs by switching to EVs
No impact on debt-to-income (DTI) ratio
DTI influences lenders’ assessment of your business
Ensure your fleet
is up to date
Upgrading vehicles every
3-5 years ensures you have access to the latest technology and telemetrics
Environmental impact
Reduce CO2 emissions by 18,500 lbs/high mileage vehicles
How it Works
Business Health Check
Instead of a personal credit check, qualification is based on business health. Upload bank and profit & loss statements from the current and previous year
Get Approved
Financial statements, cash adequacy (via Plaid), and background check/MVR reviewed by Underwriting
Sign the dotted line
Review and sign our mileage lease agreement (aka EVMLA)
Select Your EVs and lease
Choose from top-rated, popular makes and models and 1-, 3-, 5-year terms
Delivery
Shiny new vehicles are shipped. You’ll also receive onboarding support and access to our fleet management service
Will I Qualify
We consider a number of factors when reviewing applications, including:
-
Fleet Size
2 or more vehicles (gas or electric) in your current fleet
-
Business Health
Financial records showing at least 2 years of strong business performance
-
Cash Flow
Evidence of adequate cash flow to cover monthly payments
What do I need
to start?
- At least 2 commercial vehicles (used for business only) in your current fleet
- Balance sheet (download a template here)
- Profit & Loss sheet (download a template here)