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  5. ›Lease Purchase Financing for Calendar Year 2026

Summit County·Colorado

Lease Purchase Financing for Calendar Year 2026

Closes 6/11/2026$100k – $300kInvitation for Bid
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Description

Summit County is seeking a single lease‑purchase financing arrangement for four pieces of heavy equipment totaling $2.15 million, with a five‑year term and annual payments made in advance. Vendors must propose financing terms, including possible escrow arrangements to align with staggered equipment deliveries in 2026. The county reserves the right to split the award among multiple firms.

Attached files

Contact

David Reynolds(Finance Director)

[email protected]

(970) 453-3434

Key dates

Opened
7/18/2026
Questions due
6/4/2026
Closes
6/11/2026
Duration
5 years

Last updated

Details

Type
Invitation for Bid
Industry
Financial Services
NAICS
522298

Budget estimate

$100,000 – $300,000

The vendor will earn interest or financing fees on the $2.15 M loan over five years. Assuming a modest annual rate of 4‑6 % on the outstanding balance, total earnings could range from roughly $100 k (lower‑rate, low‑margin scenario) to $300 k (higher‑rate, high‑margin scenario). Factors influencing the range include negotiated interest rates, escrow administration fees, and any ancillary services provided.

AI estimate from the solicitation

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