HomeMy WebLinkAboutItem #2 CPD Vehicle Lease-- Vehicle Lease
Discussion-- Snapshot of
Current CPD Fleet
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*- I -, e
* -age-
IDAHO
Year Patrol Vehicles Lease Payment Increases Increase Over Lease
2021
$10,458.97
2021
$10,458.97
2022
$12,639.41
2023
$14,841.67
N/A
N/A
$2,180.44 (increase from
2021)
$2,202.26 (increase from
Lease
$74,208.35 (5 -year lease) + $13,000.00 (Residual
Value) _ $87,208.35
3 -year bumper to bumper warranty (5 -year power
train)
T n rm
N/A
N/A
$10,902.20
$11,011.30
Purchase
$67,000.00 (current market)
Same warranty
iintenance
2024 Year -to -Date Total Fleet Total (current fleet)
$11,804.11 $34,042.00
Yes No Maybe Why
Lease the Entire Fleet X $487,026.72
Work our way out of X We pay less overall, and we own
Leases our fleet.
1. We must manage our current
Purchase & Lease X X leases.
• $71,459.00
2. Specific Support Vehicles
1. Stay away from leases for essential vehicles (patrol vehicles).
2. Continually weigh pros and cons of leasing support vehicles (less
expensive lease options).
3. Understand that vehicles are subject to the market.
0 Why?