How to finance an electric truck?

How much does an electric truck cost? Isn't it expensive? Renault Trucks answers all your questions about the real costs of operating an electric vehicle so you can see the issue from every angle.

We know that one of the greatest barriers for our customers in making the switch to electric is the price, and its potential impact on their overall business model. We understand that in order to support them, we need to provide electric truck financing solutions adapted to their individual needs. To facilitate a seamless and successful transition to sustainable energy practices, Renault Trucks Financial Services offers our customers a diverse range of financing options. Discussing and adopting their ideal solution early in the purchasing process can mean substantial savings in the long run.

These electric truck financial solutions may vary from one country to another depending on local rules and regulations, but we propose three essential offers designed to cover the specific needs and usage of our diverse customers:

• Standard Instalment credit:The customer owns their electric truck at the end of the contract period. Full ownership is complete once all payments have been made (though subject to the payment of Option to Purchase Fee). The main advantage of standard instalment credit is that payments are flexible and can be done monthly or quarterly. Also, tax allowances may be deducted from taxable profits and interests are allowable against taxable income. Last but not least, your truck or LCV is shown as an asset on your balance sheet. Flexible payments (pay monthly or quarterly).
  • Full ownership once all payments have been made (subject to payment of Option to Purchase Fee).
  • Tax allowances may be deducted from taxable profits.
  • The equipment is shown as an asset on your balance sheet.
  • Interest allowable against taxable income.

• Financial lease: Value Added Tax (VAT) is chargeable on rentals and it is reclaimable, which helps in reducing initial capital outlay. Our monthly rentals for electric truck leasing are set at a fixed rate and are tax-deductible, providing a consistent financial benefit. We also offer an option to lower monthly outgoings by incorporating a balloon payment. Finally, at the end of the contract, enjoy the flexibility of choice. Either benefit from the majority of net sale proceeds or choose to extend the lease at minimal cost, whatever best suits your electric truck financing needs. VAT chargeable on rentals (reclaimable), reducing initial capital outlay.
  • Tax deductible fixed monthly rentals.
  • Option to lower monthly outgoings by adding a balloon payment.
  • Flexibility at contract end: benefit from majority of net sale proceeds or extend the lease at minimal cost.

• Contract Hire: Our rental offer comes without any sales commitment, providing maximum flexibility and freedom. With a reduced initial payment requirement, tax deductible rentals and fixed costs, this option is both budget-friendly and improves cash flow. Clients can benefit from a Renault Trucks Maintenance Contract alongside their electric truck lease, minimizing downtime and ensuring operational efficiency by reducing the risk of unexpected repairs. Not to mention, there are no disposal risks (provided vehicles meet return and mileage conditions). Customers can choose among additional service options, including 24-hour breakdown coverage, replacement tyres, ancillary equipment such as tail lifts or bodies, and access to a replacement vehicle facility to ensure peace of mind and continuity of operations. Finally, we facilitate the obtention of an Annual Road Fund Licence, adding convenience and making it easier for you to adhere to regulations. Our rental offer without any sale commitment.
  • Reduced initial payment.
  • Tax deductible fixed monthly rentals.
  • Fixed costs for budgeting and improved cash flow.
  • Enjoy the benefits of a Renault Trucks Maintenance Contract and reduce your downtime.
  • Reduces worry and risk of unexpected repairs.
  • No disposal risks subject to vehicles meeting return and mileage conditions. Some additional options
  • 24 hour breakdown cover
  • Replacement tyres
  • Ancillary equipment (tail lift/body)
  • Replacement vehicle facility
  • Annual Road Fund Licence