Anyone not satisfied with merely having a mortgage and a car payment, now you can have a payment plan on your plug-in vehicle charging station, too. Granted, this is more for business owners looking to provide publicly available charging stations, but ChargePoint (née Coulomb Technologies) is setting up a financing program for anyone looking to take the plunge.

ChargePoint's Net+ Purchase Plan promises a "preferential interest rate for qualified customers" as well as a no-money-down option and a payment plan that can stretch anywhere from three to seven years. The plan includes installation, service and warranty, and customers have an option of selling their stations back to ChargePoint (we're not sure for how much) at the end of the financing period. ChargePoint is running the program with Key Equipment Finance.

With competitor Ecotality done in, ChargePoint is doing what it can to gobble up the plug-in vehicle charging station market. In fact, one of the company's distributors, National Car Charging, recently starting offering owners of Ecotality's dual-port Blink stations a trade-in credit worth as much as $2,200 for a shiny new ChargePoint CT400 dual-port station. Check out ChargePoint's web page for the purchase plan here.


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    • 1 Second Ago
  • 7 Comments
      danfred311
      • 5 Months Ago
      Financing for a glorified extension cord..
        DarylMc
        • 5 Months Ago
        @danfred311
        They will definitely need to offer finance deals. The $2200 figure is "the trade in credit" which they offered for existing Blink chargers. I think it could easily run over $10 000 installed in a car park. It is also only 7.2kW.
        Spec
        • 5 Months Ago
        @danfred311
        The financing is probably mostly for the installation costs. For a public charger, the installation costs can be quite substantial.
      Spec
      • 5 Months Ago
      That picture is the ChargePoint CT500. I have one. It is a decent charger but I wish it had some ability to time when it will start charging or some remote control.
      Ryan
      • 5 Months Ago
      Maybe they should try leasing next. My company sold the building they owned outright, to spend a lot more money for every month a month for a lease on a newer building. And they will never be able to stop paying that lease...
        SteveG
        • 5 Months Ago
        @Ryan
        Which was to play an accounting trick. Not sure why, but companies love these. Nevermind the long term as long as each quarter looks good they like it.
          Letstakeawalk
          • 5 Months Ago
          @SteveG
          Leases can be written off pretty easily. Owning property is more difficult in the accounting, and you're responsible for maintenance.