Vehicle Financing Rates for $2.5M Lease Purchase Agreement

NOTICE OF INVITATION FOR BIDS

Vehicle Financing Rates for $2.5M Lease Purchase Agreement

2025-IFB-041

The City of Kingman is soliciting sealed bids (Invitation for Bids or "IFB") from qualified financial institutions to provide a tax-exempt lease purchase agreement for a 10-year fixed rate lease purchase for $923,160.72 and 5-year fixed rate lease purchase for $1,613,616.76 for the financing of 30 vehicles and 2 heavy solid waste trucks. Criteria for selection will be the lowest overall cost to the City and the ability to meet the dates listed.

The IFB may be obtained by visiting the City of Kingman’s procurement portal at https://procurement.opengov.com/portal/cityofkingman.

Bids must be submitted through the OpenGov procurement portal.

Bidders wishing to submit questions must do so through the procurement portal by no later than 6:00 pm, Arizona time, on Monday, January 12, 2026. 

Bids are due by 6:00 pm, Arizona time, on Tuesday, January 27, 2026. The City may reject any bid not in compliance with all of the prescribed solicitation procedures and requirements contained herein. The City also reserves the right to reject any bid when cancellation is in the best interest of the City.

Bidder wishing to submit bid responses should register for a free OpenGov account at: https://procurement.opengov.com/signup . To receive notification of future solicitations, please subscribe to the City of Kingman OpenGov solicitations by clicking here: https://procurement.opengov.com/portal/cityofkingman?status=all. For detailed instructions on how to register and subscribe, you can also visit the City of Kingman's website at: https://www.cityofkingman.gov/government/advanced-components/list-detail-pages/rfp-posts-list.

Mailed, faxed, hand-delivered, and e-mailed bids will not be accepted. Mailed bids will be disposed of, unopened, and will not be returned to the Bidder.

Thank you for your interest in working with the City of Kingman.

Wendy Sherer
Assistant Finance Director