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  5. ›Lease Purchase Financing for Calendar Year 2026

Summit County·Colorado

Lease Purchase Financing for Calendar Year 2026

Closes 6/11/2026$500k – $800kInvitation for Bid
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Description

Summit County is seeking a financing partner to provide lease‑purchase financing for four pieces of heavy equipment (wheel loader, plow truck, dump truck, and dozer) with a total purchase price of $2,154,465. The county requires a single financing arrangement covering the full amount, with annual payments made in advance over a five‑year term, and may require an escrow account to align cash flow with staggered equipment deliveries. Proposals may be submitted by email or mail, and the county reserves the right to award one or multiple contracts. • Total financing amount: $2.154 million for four heavy‑equipment items. • Financing structure: 5‑year term, annual payments in advance, possible escrow. • Submission deadline: June 11, 2026 5 p.m. (MT); questions due by June 4, 2026. • Open to any qualified financing firm; award may be split among multiple vendors.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

David Reynolds(Finance Director)

[email protected]

(970) 453-3434

Key dates

Opened
8/4/2026
Questions due
6/4/2026
Closes
6/11/2026
Duration
5 years

Last updated

Details

Type
Invitation for Bid
Industry
Financial Services
NAICS
522310

Budget estimate

$500,000 – $800,000

The financing amount is $2.154 million over five years. Assuming a modest 5 % annual interest rate and typical financing fees (≈5 % of the principal), the vendor could earn roughly $538 k in interest plus $107 k in fees, yielding an estimated revenue range of $500 k–$800 k. Factors influencing the budget include negotiated interest rates, fee structures, and any escrow administration costs.

AI estimate from the solicitation

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