Capital Financing Purchase

The City of Saco is seeking lease financing proposals for the acquisition of three new vehicles (two 2024 Ford F‑150 trucks and two 2024 Chevrolet Trailblazer AWD SUVs). The financing must be tax‑exempt, with the full amount ($135,844) budgeted for the first annual payment and a five‑year floating‑rate lease term. Bidders must submit rate details, fees, and a complete amortization schedule. This is purely a financing opportunity; no vehicle procurement or maintenance services are required. • Scope: Provide lease financing for a total of four new vehicles (1 Supercab, 1 Regular Cab, 2 Trailblazers). • Financials: $135,844 total financing, annual payment mode, 5‑year term, 30‑day lock‑in, tax‑exempt. • Submission: Electronic proposal to Finance Director Gerry Matherne by 1:00 PM, October 4 2024.