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  5. ›Vehicle Lease Financing – Wallace Community College Selma

Wallace Community College Selma·Alabama

Vehicle Lease Financing – Wallace Community College Selma

Closes 7/16/2019$200k – $300kInvitation for Bid
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Description

Wallace Community College – Selma is seeking a qualified vehicle‑leasing vendor to provide a 48‑month lease for a mix of Chevrolet Tahoe SUVs and Ford Fusion sedans, including all maintenance, routine repairs, and an end‑of‑term purchase option. The contractor must submit a sealed, notarized bid with detailed lease payment schedules, meet stringent insurance and bonding requirements, and provide required tax, immigration‑law, and W‑9 certifications. The college will evaluate bids for up to 30 days after the July 16 2019 opening and award the contract to the most responsive and compliant offer. • Lease of up to 5 vehicles (1 Tahoe from State Vendor, 2 Tahoes from Donohoo Chevrolet, 2 Fusions from Stivers Ford Lincoln) with a 48‑month term. • Contractor must furnish $1 M per occurrence/aggregate liability coverage, bond all employees, and submit notarized immigration‑law compliance affidavits. • Bids must be sealed, handwritten or typed in ink, notarized, and delivered to the Office of Business & Finance by the July 16 2019 deadline.

Attached files

Contact

Keith Jackson(Bid Contact)

[email protected]

(334) 876-9238

Key dates

Opened
7/16/2019
Questions due
7/16/2019
Closes
7/16/2019
Duration
48 months

Last updated

Details

Type
Invitation for Bid
Industry
Financial Services
NAICS
532120
Solicitation №
Bid No. 1107

Budget estimate

$200,000 – $300,000

The equipment list totals roughly $145,000. Assuming the placeholder 69% APR is applied over the 48‑month term, total lease payments could range between $200,000 and $300,000, yielding monthly cash flow of about $4,200‑$6,250. Therefore, the contractor’s expected revenue for the full contract is estimated in the low‑$200 k to high‑$300 k range, depending on final interest rate, payment structure, and any additional services (maintenance, insurance handling, etc.).

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