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Bid Number: FIN_040416
Bid Title: Heavy Vehicle and Equipment Lease Financing RFP - 5 Year Lease with Option to Purchase
Category: Bensenville Bids & RFPs
Status: Closed

Description:
Request For Proposal: Heavy Vehicle and Equipment Lease Financing RFP - 5 Year Lease with Option to Purchase

The Village of Bensenville is in the process of obtaining lease financing for the purchase of below listed vehicles and are inviting all interested parties to respond. We are interested in a lease term of 60 months with semi-annual payments.
Each response must include, in a clear and concise format the following items:

  • A semi-annual payment amortization schedule based on 5 year lease period with funds to be available on or before May 15, 2016 and lease payments commencing no sooner than November 15, 2016.
  • The total amount of interest and the lease financing factor “Interest rate” must be clearly indicated.
  • A sample lease document.
  • A provision in the lease providing for an option to purchase the vehicles and capital equipment items.
  • A schedule of the amount of lease payment which shall be credited to the lease purchase option.

The equipment financing is sought for the below listed vehicles.

Description of Vehicle Amount
2017 Peterbilt Model 348 CAB and Aquatech B-10-1500 Combination Sewer
Cleaner and Jetter
$371,626.00
2017 Peterbilt 348 Tandem cab & chassis with Henderson
Truck Equipment
$198,985.65
Total
$570,611.65

The deadline for responses will be by 5:00 pm central standard time (CST) April 29, 2016. If possible by respond by email. The email should be send to . Mail reply should be sent to Village of Bensenville, Finance Department, 12 S Center Street, Bensenville, IL 60106. In case of any question, please call us at 630-350-3497 or send us an email at

Amit Thakkar
Finance Director

Publication Date/Time:
4/4/2016 12:00 AM
Publication Information:
Request For Proposal
Closing Date/Time:
4/29/2016 5:00 PM
Submittal Information:
Request For Proposal

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