Commissioners Court Meeting

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Meeting Date:	04/12/2021
Flip Existing Lease Units- Enterprise
Submitted for:	Joe Lopez	Submitted By:	Joe Lopez
Department:	Purchasing

Subject:

Discussion and possible action to authorize the Purchasing Agent to order forty (40) lease vehicles in order to flip existing lease units at a lower monthly payment with Enterprise Fleet Management, Inc. for a renewed term of forty-eight (48) months for a projected annual savings of $40,770.00 and any other matters incident thereto.

Issue: The current market for used vehicles is up allowing Enterprise to sell their vehicles at a higher price than the purchase price at time Webb County leased them, in turn the equity from the sale will help lower our monthly rates on a newer version of the flips for the same make / model.

Solution: Consider authorizing the Purchasing Agent to order the new units (flips) at a lower cost for same make / model. Monthly savings is estimated at $3,397.56 with an annual projected savings of $40,770.72.

Result: If approved, orders will be done immediately and estimated delivery date for flips is late September to early October.

Background:

N/A

Previous Court Action:

Fiscal Impact

Budget Account Number:	TBD
Funding Source:	TBD
Balance:	TBD
Financial Impact:
Multiple Operating Lease Payment Accounts: TBD Projected monthly savings: $3,397.56 Projected annual savings: $40,770.72

Attachments
Backup for Flips April 2021