A Better Place electric car and an on-the-spot loan to drive it from Union Bank, in Israel
Want to drive an all electric car Better Place but can’t afford it? In a release issued by the company today Better Place, the Israeli-designed electric car with battery switch stations, and the country’s Union Bank have signed what’s to be the the first agreement to bank financing for electric cars. Customers looking to drive an electric car by Better Place can get financing to do so.
Under the agreement, Union Bank offers financing for private customers to purchase the Better Place – Renault Fluence ZE. It also finances service packs that Better Place is offering. While no mention of the financing rates were made public, the Union Bank says Better Place customers will get “preferential terms that are highly attractive”.
Using this financing electric car ownership model, this could be the start of a global change to reducing the use of fossil fuel cars on the road.
Bank representatives will work exclusively at the Better Place showroom in various districts so customers can open the paperwork for the loan while they are test driving the car.
“I am happy to join the Union Bank of the green revolution that leads to Better Place, which is a major breakthrough in the Israeli market and offers unique financing routes electric car buyers,” said Union Bank CEO Chaim Frilichman today.
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