Phillips Connect customers can take advantage of financial plans including operating leases to write off each payment as an expense, a capital lease resulting in a purchase of the equipment at the end of the term or a simple finance agreement to purchase equipment and data plans required.
The financing plans require zero down at time of purchase and rates as low as 4.99% for qualifying purchasers, according to Phillips Connect. Under the Flex-Pay finance plans, fleets can defer payments for up to six months while they complete the installation of the hardware on their trucks and trailers and begin seeing the payback associated with the technology.
“By having finance options available to our customers, we are adding another level of customer service to our portfolio,” Rob Phillips, founder and CEO of Phillips Connect, said. “For some fleets, this may make the difference in whether they go forward in upgrading their trailers with telematics and smart-trailer capabilities that can ultimately add to their bottom line.”
The Phillips Connect line of intelligent products monitor trailers for location, status, and health in real time.
"Partners Capital Group is excited to partner with Phillips Connect to provide competitive and creative financing solutions for customers who are looking to expand their fleet analytics," Travis Patterson, Vice President of Sales at Partners Capital Group, said. "With this partnership, Partners Capital and Phillips Connect are poised to assist hundreds of fleet owners who are looking to achieve greater transparency over their fleet operations while keeping their monthly investment low.”