The Car and Truck Fleet and Leasing Management Magazine

ZAP Offers Full-Service Financing for Electric Vehicle and Car Purchases

September 4, 2007

SANTA ROSA, CA – Electric car pioneer ZAP has partnered with netLoan Funding, LLC to provide ZAP customers with one-stop Internet financing for electric vehicle and electric car purchases. netLoan Funding provides lender management services and a diversity of loan and lease options for online or point-of-sale purchases of almost any asset.

Although ZAP has already sold more than 100,000 electric vehicles in 75 foreign countries, it now has the capability — with the netLoan Funding finance platform — to offer its customers multiple finance options to purchase any ZAP electric vehicle or to get pre-qualified by a lender prior to purchase. netLoan will initially offer ZAP customers a variety of unsecured personal loan options to make their purchases, with additional secured loan and lease options to be rolled out in the coming months.

“The majority of automobiles are purchased through monthly payments,” said ZAP CEO Steve Schneider. “This association removes the barrier for average consumers to be able to afford a ZAP electric car, truck, or scooter.”

Also, ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X, engineered by Lotus Engineering. The company recently launched a new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer, and investor information, visit

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