Flexible leasing based on telematics data Pay as you drive

July 01, 2021 - Mercedes-Benz Finance Japan (FUSO Financial), together with FUSO Japan (Mitsubishi Fuso Truck and Bus Corporation), launches the flexible leasing product "FUSO Mileage Lease". The telematics solution "Truckonnect" by FUSO Trucks instantly records the travelled distance of a vehicle, so the monthly leasing rate for freight forwarders varies depending on the business situation and the use of the vehicle. In Japan, Asia's first "pay-as-you-drive" leasing program is now available. FUSO Financial is a brand of Daimler Mobility AG, the world's largest truck financier.

The commercial vehicle business is primarily about cost efficiency, flexibility and transparency. Telematics-based leasing meets all three factors. The monthly leasing rate for "FUSO Mileage Lease" consists of a monthly basic fee and a variable monthly fee, which is calculated on the actual mileage of the respective previous month.

"Our focus is on maximum efficiency for our customers. Telematics-based leasing underlines our claim to develop flexible solutions tailored to customer requirements. With Mileage Lease, customers can synchronise revenue and costs and thus have better cash flow optimisation."

Stephan Unger Daimler Truck AG Board of Management, responsible for Financial Services

Commercial vehicles are tools of work, and the distance they travel is directly linked to business turnover. As a rule, sales increase in the months when mileage is high. If the truck is used less, i.e. the mileage is lower, it also means sales are lower. "FUSO Mileage Lease" allows companies to synchronise both the revenue they generate with the truck and the costs of the truck.

About Truckonnect

The individual calculation of the leasing rates is realised by the telematics solution "Truckonnect" of the Mitsubishi Fuso Truck and Bus Corporation. With the customer's consent, data about the vehicles put into operation are retrieved in real time via the Internet and transferred to the cloud-based FUSO database. By using this connected technology, the monthly mileage of the vehicle can be accurately captured, on the basis of which FUSO Financial immediately calculates the vehicle-specific leasing rate.

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