What is battery lease?

A battery lease scheme means that you can rent batteries for your applications, home, commercial and electrical vehicles for as long as your require without having to purchase it and spending a huge amount of money on it.

The battery remains the property of lessor and you pay a monthly fee to rent it, depending on how long or how many kilometers for that matter you think you’ll cover and the length of time you sign up for.

There are numerous advantages to battery leasing:

LESS INITIAL CASH INVESTMENT REQUIRED

Mibattri has easy and flexible structures to help you need your financial needs including minimal down payment due at contract signing.

 

LOWER MONTHLY PAYMENTS

For battery with residuals and fair market value leases, you only pay for the portion used.

 

TAX BENEFITS

Depending on the lease structure chosen, the payment may be expensed rather than capitalized and depreciated

 

FAST TURNAROUND TIME

Allows for quicker acquisition for your batter requirements.

 

CONSERVE YOUR CAPITAL

Conserve you capital for alternative uses including investments, improvements, more inventory, and preservation of bank line of credit

 

AVOID TECHNOLOGICAL OBSOLESCENCE

Lease battery and systems requiring replacement in three to five years

 

LET THE EQUIPMENT PAY FOR ITSELF

Use a portion of the income produced to make the lease payment in commercial applications.

 

FIXED-RATE FINANCING

No need to worry about rising interest rates throughout the contract term. Fixed monthly payments make budgeting easier.