Request for Proposal for Pricing Lease Purchase Financing

The City of Saco is seeking a non‑bank qualified lease‑purchase financing partner to fund a fleet of municipal vehicles slated for its FY 2027 Capital Improvement Plan. The vendor must provide a complete financing package, including an escrow account, a secure electronic portal for invoices and escrow tracking, and detailed lease terms (interest rate, payment schedule, fees, and rate‑lock provisions). The financing amount is capped at $1.9 million, covering five vehicles: two Freightliner patrol trucks, a Ford F‑550, a Chevrolet Tahoe SUV, and a fire‑department rescue pumper (the only vehicle with a confirmed delivery date of October 2026). Proposals are to be submitted via email by the July 14, 2026 deadline. • Lease‑purchase financing for up to $1.9 M covering five municipal vehicles (four 5‑year leases, one 10‑year lease). • Required features: escrow management, secured online portal, level‑principal payment schedule, full disclosure of rates/fees. • Delivery timeline: fire‑pumper expected October 2026; other vehicles to be procured after financing is secured. • Submission: email proposal to Samantha Bryant, Deputy Finance Director, with subject “PROPOSAL FOR 2027 LEASE PURCHASE FINANCING”.