Given recent issues the city has seen purchasing and replacing a number of department vehicles, staff looked into a fleet leasing agreement with Enterprise – which the Derby City Council officially approved at its July 12 meeting. Under the fleet leasing arrangement, Enterprise handles purchase of vehicles for the city, leasing those vehicles to the city and also selling used vehicles at their highest point of value to help fund the program. “Basically, the program works off the city’s ability to purchase vehicles at government rate, then resell those vehicles when they have the most value,” said Deputy City Manager Dan Bronson. Enterprise also currently provides this program to municipalities like Andover, Arkansas City, Salina, Valley Center, Wellington and more. Under the approved agreement, Derby plans to eventually replace all city vehicles (98 total) under one ton. To fund the leasing program, the city will initially sell the vehicles planned for replacement to Enterprise, which is projected to generate $1.384 million.
Source: Derby Informer | News
