NEW LEASED VEHICLE YEAR, MAKE,
& MODEL QTY TERM
(months)
ESTIMATED
ANNUAL
MILEAGE
EST.
MONTHLY
PAYMENT PER
VEHICLE W/
TAX
ANNUAL LEASE
PAYMENT x QTY
W/TAX
FULL MONTHLY
MAINTENANCE
PROGRAM
OPTIONAL
EST.
PHYSICAL
DAMAGE
PROGRAM
OPTIONAL
ESTIMATED
RESALE
VALUE AT
TERM
REDUCED
BOOK
VALUE AT
TERM
ESTIMATED
EQUITY AT
TERM
EFFECTIVE
MONTHLY
PAYMENT
ADJ. WITH
EQUITY
EFFECTIVE
TOTAL COST
FOR 4 YRS
ESTIMATED
VEHICLE COST
INCLUDING TAX
FACTORY ORDER
LEAD TIME
Enterprise
Quote #
SALE OF
OLD
PUCHASED
VEHICLES
REIMBURSE
D TO CITY
ESTIMATED
USE TAX
RECAPTURE
Est. 2023/2024 Dodge Charger V6 $38,700 1
Production & Lead Times
are TBD for next
spring/summer.
Pricing/payments are
estimated for next year.
6772517 48 12,000 $3,000.00 $857.50 $10,290.00 $54.97 $0 $12,400.00 $7,482.04 $4,517.96 $395.32 $755.14 $36,246.72 Est. 2023/2024 Dodge Charger V6 $38,700 1
Production & Lead Times
are TBD for next
spring/summer.
Pricing/payments are
estimated for next year.
6772517 48 12,000 $3,000.00 $857.50 $10,290.00 $54.97 $0 $12,400.00 $7,482.04 $4,517.96 $395.32 $755.14 $36,246.72 Est. 2023/2024 Ford Explorer XLT 2WD $43,500 1
Production & Lead Times
are TBD for next
spring/summer.
Pricing/payments are
estimated for next year.
6772771 48 12,000 $3,000.00 $962.81 $11,553.72 $57.71 $0 $20,700.00 $8,392.52 $11,907.48 $1,041.90 $693.03 $33,265.50 Est. 2023/2024 Ford Explorer XLT 2WD $43,500 1
Production & Lead Times
are TBD for next
spring/summer.
Pricing/payments are
estimated for next year.
6772771 48 12,000 $3,000.00 $962.81 $11,553.72 $57.71 $0 $20,700.00 $8,392.52 $11,907.48 $1,041.90 $693.03 $33,265.50 Est. 2023/2024 Ford F150 Crew Cab
XLT 4X4 5.5ft Bed $54,200 1
Production & Lead Times
are TBD for next
spring/summer.
Pricing/payments are
estimated for next year.
6773557 48 12,000 $3,000.00 $1,201.31 $14,415.72 $58.65 $0 $30,000.00 $10,454.64 $19,145.36 $1,675.22 $767.55 $36,842.30 Est. 2023/2024 Ford F150 XL Ext. Cab
6.5ft Bed Work Truck 4x2 $44,300 1
Production & Lead Times
are TBD for next
spring/summer.
Pricing/payments are
estimated for next year.
6774866 48 12,000 $3,000.00 $985.05 $11,820.60 $56.22 $0 $21,000.00 $8,570.20 $12,029.80 $1,052.61 $712.50 $34,199.99 Est. 2023/2024 Ford F150 XL Ext. Cab
6.5ft Bed Work Truck 4x2 $44,300 1
Production & Lead Times
are TBD for next
spring/summer.
Pricing/payments are
estimated for next year.
6774866 48 12,000 $3,000.00 $985.05 $11,820.60 $56.22 $0 $21,000.00 $8,570.20 $12,029.80 $1,052.61 $712.50 $34,199.99 Est. 2023/2024 Dodge Durango SXT
4x2 $45,200 1
Production & Lead Times
are TBD for next
spring/summer.
Pricing/payments are
estimated for next year.
6792133 48 12,000 $3,000.00 $985.67 $11,828.04 $56.22 $0 $14,000.00 $8,730.64 $4,869.36 $426.07 $875.35 $42,016.73 $24,000 $7,797.70 $93,572.40 $452.67 $152,200.00 $80,925.20 $7,080.96 $286,283.45 $374,289.60 $68,074.80 $442,364.40
NOTES:
*All leases are Open-Ended Equity Municipal Leases. Service Charge of $400 per unit is due at lease termination (netted out of the proceeds on the sale of vehicle). Detailed Vehicle Specs will be reviewed and finalized and the City can add additional aftermarket equipment if necessary (Truck Bodies, Ladder Racks, Van Shelving, Lightbars, etc.)
**DOWN PAYMENT ON AFTERMARKET EQUIPMENT IF APPLICABLE: Aftermarket equipment, such as light bars, truck bodies, ladder racks, etc can be added into the lease/loan. If the cost of the equipment is over $5,000 a 25% Down Payment on that equipment is duet at delivery.
If the cost is over $10,000 a 50% down payment on that equipment is due at delivery. Sales Tax is charged on the Down Payment and included in the numbers above.
ESTIMATED MONTHLY PAYMENT PER VEHICLE wTAX: Monthly Payment includes Depreciation, Interest, Management Fee, Tax, and $125 Delivery Fee which includes moving to AME vendors FULL MAINTENANCE PROGRAM (OPTIONAL): The Full Maintenance Program is a fixed and guaranteed monthly cost, which includes all preventative, unscheduled, and uncommon repairs (oil changes, engines, transmissions, alternators, etc.) and 24-hour Roadside Assistance with Towing. Brakes & Tires are NOT included.
PHYSICAL DAMAGE PROGRAM (OPTIONAL): Enterprise can provide Physical Damage Coverage. Requires an appication to quote and certain restrictions apply.
ESTIMATED RESALE VALUE @ TERM: is a conservative commercial wholesale value. This value is based on estimates from Enterprise's Remarketing Dept and third party Automotive Leasing Guide. At term the City has the option to have Enterprise sell the vehicle through our channels to maximize the resale return. The Resale Value less the Reduced Book Value and the $400 Serviec Charge goes back to the City.
REDUCED BOOK VALUE @ TERM: Reduced Book Value is the amount that is left on the books at lease term. At this point, the customer has three options: 1) replace existing vehicle with new vehicle, 2) pay RBV plus tax and own the vehicle, and 3) continue making payments and extend the lease; eventually paying off the vehicle and taking ownership.
ESTIMATED EQUITY @ TERM: The estimated Equity is the Estimated Resale Value minus Reduced Book Value and $400 Service Charge. The Customer can choose to roll that equity as the down payment on the new vehicle, or Enterprise can cut a check back to the Customer.
EFFECTIVE MONTHLY PAYMENT ADJUSTED WITH EQUITY: Monthly Payment Adjusted with Equity is the estimated equity at term calculated back into the payment divided by the term to show the true cost of each vehicle after resale.Enterprise Fleet Management 10/10/2024 Confidential