Battle Motors, ENGS to Launch Customer Finance Platform

Battle Motors, Inc. and ENGS Commercial Finance Co., (ENGS) have partnered to launch a customer finance platform in Battle Motors Capital.

Battle Motors Capital was created to support the sale of Battle Motors’s heavy-duty diesel, CNG (compressed natural gas), and EV (electric vehicle) work trucks into the refuse, construction, utility, and general freight segments, according to Batlle Motors' news release.

Through its dealer network, Battle Motors Capital offers competitive pricing on loans, TRAC leases, and balloon terms up to 84 months (about seven years), and Fair Market Value (FMV) leases for lower monthly payments for its products. 

“Battle Motors Capital provides our customers with many options to finance or lease equipment," said Stan Mikalonis, chief revenue officer of Battle Motors. "We are confident it will drive incremental sales, particularly for our electric vehicles.”

ENGS is Battle Motors' primary financing partner in supporting Battle Motors Capital, who will leverage ENGS’ fintech tools to grow Battle Motors’ market share and enhance its dealers’ and customers’ finance experience, according to Battle Motors.

“We are very proud to partner with Battle Motors, a very respected manufacturer of work trucks," said Jim Freund, EVP and chief marketing officer for ENGS. "Our tools are designed to help manufacturers and dealers build their businesses, and we are excited to work with Battle Motors and make it a premier lender in this industry."