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  5. ›Financing of Vehicles

City of Emporia·Virginia

Financing of Vehicles

Closes 10/13/2026$3k – $13kRequest for Proposal
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Description

The City of Emporia, VA is seeking sealed proposals from qualified, licensed, and insured financial institutions to provide up to $651,565 in tax‑exempt lease‑purchase financing for vehicles and equipment. This RFP requires competitive bidding and will close on October 13, 2026. The financing will be used by the city to acquire necessary transportation assets while benefiting from tax‑exempt status. • Up to $651,565 available for tax‑exempt lease‑purchase financing • Open to qualified, licensed, and insured financial institutions • Sealed competitive proposals required • Deadline for submission: October 13, 2026, 2:00 PM • Financing intended for vehicles and equipment for city operations

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Lori Jarratt

Key dates

Opened
9/29/2026
Closes
10/13/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522310
Solicitation №
RFP-129236

Budget estimate

$3,000 – $13,000

The contract’s financial scope is up to $651,565 in financing; a typical financing intermediary might earn a fee ranging from 0.5% to 2% of the financed amount. This suggests a potential revenue of roughly $3,000 (low end) to $13,000 (high end) for the service provider, depending on fee structure, risk, and administrative costs.

AI estimate from the solicitation

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