Mack Trucks launched Mack Financial Services ElectriFi Subscription, a usage-based leasing option exclusive to new Mack MD Electric models.

“Together with Mack Financial Services, we developed this unique program to assist in the deployment of BEVs through a solution that gives customers peace of mind,” said Jonathan Randall, president of Mack Trucks North America.

Bundled Payment

ElectriFi Subscription allows customers to pay as they go for miles driven. Chassis and body, charging, applicable incentives, physical damage insurance, and maintenance costs for the term of the agreement are all bundled into a single monthly payment for simplification.

Mack said the ElectriFi Subscription reduces the customer’s upfront investment while lowering their long-term risk, with the option to walk away at the end of the term.

Terms are flexible, starting at three years, with an option to extend up to a total term of six years.

Telematics and Uptime

The ElectriFi Subscription also comes with access to Mack’s suite of Uptime services, including telematics and Mack OneCall, the company’s 24/7 roadside service, and support including access to the Mack Uptime Center.

Infrastructure

Along with the ElectriFi Subscription option, Mack Financial Services also offers ElectriFi Infrastructure and ElectriFi Lease. Mack Trucks and Mack Financial Services can also advise on incentives for infrastructure, the company said.

Mack Trucks said ElectriFi Infrastructure is a turnkey solution that’s available for all purchases or leases. Mack along with third-party partners will assist customers in developing the charging station design, installation, construction, hardware, and software needed for new battery-electric vehicle charging facilities. All-inclusive financing is available with this option, provided your vehicles are funded by Mack Financial Services, including up to a 60-month loan.

Lease Program

ElectriFi Lease enables customers to add BEVs into their fleets with reduced upfront investment. Customers have access to Mack telematics through the Mack Ultra Service Contract.

Route Support

Mack’s Route Support Services team will help customers analyze existing routes, infrastructure upgrades, and seamless integration. This offer has full lifecycle financing options and renewable five-year terms.

Service Contract

The Mack Ultra Service Contract is a standard five-year comprehensive bumper-to-bumper service contract for the Mack MD Electric and the Mack LR Electric refuse model.

The contract includes telematics with battery monitoring, a high-voltage battery performance guarantee, all scheduled maintenance, all preventative maintenance, all repairs excluding accidents, tires and glass, and towing for warrantable failure to the nearest Mack Certified Electric Vehicle (EV) Dealer. Mack OneCall is also included.

“Mack and Mack Financial Services have given customers several optimized financing options that will help support their businesses,” said George Fotopoulos, Mack vice president, e-mobility business unit leader. “ElectriFi Subscription, the other financing options, and the Mack Ultra Service Contract were designed to help remove any hesitancy about financing, service and support that customers might experience as they electrify their fleets.”

Mack MD Electric

Mack introduced the Mack MD Electric in March 2023. The addition of a zero-tailpipe emissions BEV to the Mack medium-duty lineup supports the company’s long-term sustainability goals.

The MD Electric is available for order and, like its diesel counterpart, is available in Class 6 and Class 7 ratings. The Class 6 has a Gross Vehicle Weight Rating (GVWR) of 25,995 pounds, and the Class 7 model has a GVWR of 33,000 pounds. Both models are exempt from the 12 percent Federal Excise Tax (FET).

The MDE6 model does not require a Commercial Driver’s License to operate for non-hazardous payloads.

The MD Electric is supported by Mack Certified Electric Vehicle Dealers.