Battle Motors partners to offer financing options

Battle Motors Inc., formerly Crane Carrier Company, a 70-plus-year-old manufacturer of Class 6-8 heavy-duty work trucks, and Itasca, Illinois-based Engs Commercial Finance Co. have partnered to launch a customer finance platform through Battle Motors Capital, powered by Engs Commercial Finance Co., Mitsubishi HC Capital America Inc., related companies and leaders in providing commercial finance solutions to equipment manufacturers and dealers. 

Battle Motors Capital was created to support the sale of New Philadelphia, Ohio-based Battle Motors’ heavy-duty diesel, compressed natural gas (CNG) and electric vehicle (EV) work trucks into the refuse, construction, utility and general freight segments. Through its dealer network, Battle Motors Capital offers competitive pricing on loans, terminal rent adjustment clause leases, balloon terms up to 84 months and fair market value leases for low monthly payments for all its products.  

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

In addition to customer financing, Battle Motors Capital also offers floor plan financing to its dealers through Mitsubishi HC Capital America, Norwalk, Connecticut, a company related to Engs, and insurance to its customers through Engs Insurance Agency offices throughout the US and Canada. 

Christopher M. Schatz, managing director of Battle Motors Capital comments, “Our mission is to make our zero-emission electric vehicles more affordable and available to a broader customer base.”  

Engs is Battle Motors’ primary financing partner in supporting Battle Motors Capital, which will leverage Engs’ innovative financial technology tools to grow Battle Motors’ market share and enhance its dealers’ and customers’ finance experiences.  

“We are very proud to partner with Battle Motors, a very respected manufacturer of work trucks,” Engs Executive Vice President and Chief Marketing Officer Jim Freund says. “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.  

In September, Battle Motors celebrated the opening of its upgraded facility, which should help increase the production of EVs and other vehicles.