DOCUMENT

MODL - OA4 Lease-Buy Analysis 2004

  • YEAR CREATED: 2004
  • ENTITY TYPE: County
  • TYPE OF DOCUMENT: MODL - Model, Templates
The document provides two examples of lease vs purchase comparisons conducted by the Polk County Sheriff's Office. In the first example, the Juvenile Boot Camp's outdated mailing system was replaced by leasing new equipment from Modular Mailing. The decision to lease was based on factors such as uncertain funding, the cost of maintaining purchased equipment, the ability to take advantage of technological advances, and easier equipment disposal. The monthly lease cost was $137.36, resulting in a total cost of $1648.32 for the year. The second example involves the need for unmarked vehicles for the Undercover Department. The decision was made to lease the vehicles from Mears Motor Leasing. Reasons for leasing included the avoidance of long-term debt, the ability to return the vehicles each year, the possibility of acquiring a greater number of vehicles through leasing, and easier equipment disposal. The lease agreement included a clause allowing for cancellation if funds were not appropriated.
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