Injection molding machinery maker KraussMaffei has introduced a new usage-based payment model it is calling flexPay, which is designed to provide plastics processors flexibility with their equipment expenses. Instead of being saddled with fixed capital expenditure costs for equipment, flexPay charges a variable down payment per machine and a monthly payment, which consists of a basic fee and an hourly rate.
KraussMaffei, headquartered in Munich, Germany, said that after a successful one-year pilot phase with selected customers and in cooperation with its partner Linxfour, it is now officially marketing flexPay, which is an expansion of its smartFinance portfolio.
In a situation where an order is suddenly canceled, the processor’s costs can be reduced by up to 80 percent compared with conventional financing. And if desired, at the end of the predefined contract period customers have the option to purchase the machine. The flexPay option also offers customers more liquidity, the latest hardware equipment and digital products, as well as lower energy consumption and a decreased CO2 footprint.
