GatePass vs Traditional Upfits

GatePass Traditional Upfit
Annual Downtime % 3% 10%
Vehicle Cycles 3 1
Structural Alteration No Yes
Installation Time 15 Minutes 2-8 Weeks
Asset or Liability Asset Liability
Van Resale Value Preserved Discounted
Upfit Transferable Yes No

Downtime is Inevitable

Net Downtime Opportunity Recapture ($)

*Per Vehicle Assumptions - 10% vehicle downtime, 3% annual revenue growth, $13,000 monthly revenue, 40% operating margin, $1,500 per month rental, 3% annual inflation

75% downtime Recaptured

Warranty, recalls, and repairs happen

Opportunity loss doesn’t have to

Asset value loss is avoidable

Cargo Van Resale Value ($)

* Base case assumptions - Ram Promaster 2500 159 WB, 4 year lifecycle, 20,000 annual miles, 15% discount for structural alteration

$12,301 saved on

resale value

Across 12 years or 3 vehicle cycles

Frequently asked questions