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  5. ›Bid# 202627.1 Financing of Various Vehicles and…

County of Atlantic, NJ·New Jersey

Bid# 202627.1 Financing of Various Vehicles and Accessories for the County of Atlantic (Tax Exempt)

Closes 7/2/2026$200k – $500kInvitation for BidLogin required
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Description

This solicitation seeks a private lender to provide tax‑exempt financing for the County’s acquisition of a fleet of vehicles and accessories. The County will purchase one Freightliner tractor‑trailer, one PacMac roll‑off container, and six mini dump trucks, with a total financing amount of $1,231,887.17. The successful bidder will receive quarterly payments over a 60‑month term, and the equipment will remain owned by the lender during the financing period. • Scope: Provide a fixed‑rate loan covering the full purchase price of the listed equipment; no additional goods or services are required. • Financial terms: Five‑year financing with quarterly payments; interest rate (to be supplied by the bidder) is the sole award criterion (lowest overall rate wins). • Compliance: Must meet all New Jersey statutes, including tax‑exempt status, ownership‑disclosure, non‑collusion, affirmative‑action, and sanctions certifications (Iran and Russia/Belarus). • Deliverables: Commitment to fund the $1.23 M purchase, maintain ownership of equipment, and accept quarterly repayments beginning Dec 1 2026 through Sep 1 2031. • Timeline: Bid submission by 07/02/2026, award decision on 07/07/2026, first payment/delivery expected 12/01/2026, with the financing term ending 09/01/2031.

Attached files

Contact

Palma Conover(Division Director of Budget & Purchasing)

Key dates

Opened
6/15/2026
Questions due
6/19/2026
Closes
7/2/2026
Projected award
7/7/2026
Duration
5 years

Last updated

Details

Type
Invitation for Bid
Industry
Financial Services
NAICS
522310
Solicitation №
202627.1

Budget estimate

$200,000 – $500,000

The financing contract is valued at $1,231,887.17. Assuming a modest fixed interest rate (e.g., 4‑6% annual) over five years, the lender’s earnings from interest alone would likely fall between $200,000 and $500,000. The exact amount depends on the rate bid, any upfront fees, and the cost of maintaining ownership of the equipment. Thus, a reasonable budget estimate ranges from low‑six‑figures to mid‑six‑figures.

AI estimate from the solicitation

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