Phillips Connect announced Tuesday it is partnering with Partners Capital Group to offer its customers Flex-Pay financing options for the purchase or lease of their trailer telematics hardware as well as data plan costs.
Under the terms of the partnership, Phillips Connect says 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 percent for qualifying purchasers. Under the Flex-Pay finance plans offered by Phillips Connect, the company says 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," says Rob Phillips, founder and CEO, Phillips Connect. "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."
Phillips Connect has a complete line of intelligent products that monitor trailers for location, status, and health in real time.
Travis Patterson, vice president of sales, Partners Capital Group adds, "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. 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."