The Fairland Fire Department is seeking a tanker lease. The contract was awarded to Jon's MidAmerica for a 2007 International 8500 tanker at a cost of $135,700.00, less a trade-in of $39,500.00, for a total of $96,200.00. The lease options include 60, 72, or 84 payments with interest rates ranging from 2.97% to 3.35%. The key information about this contract includes the type of vehicle, the cost, and the lease options.
• The contract is for a tanker lease for the Fairland Fire Department.
• The contract was awarded to Jon's MidAmerica.
• The cost of the tanker is $135,700.00, less a trade-in of $39,500.00.
• The lease options include 60, 72, or 84 payments with interest rates ranging from 2.97% to 3.35%.
• The contract does not specify the duration of the lease.
• The contract does not specify the renewal options.