Title
Development Services 2017 Compact (FWD) Escape S, 4-door, SUV - Purchase
History
In 2015, a Development Services vehicle was involved in an accident and determined to be a total loss. The Village received approximately $12,000 as an insurance settlement. As part of the replacement review process to determine the most appropriate vehicle, the Vehicle and Equipment Division evaluated several vehicles that could fill the needs of the requesting department, including the Jeep Compass, Patriot, and Chevy Equinox. Of all the options, the Ford Escape S Compact SUV has the most cost effective price in its class.
In February, 2016 bids were solicited for a similar replacement vehicle. After evaluation it was determined the Suburban Purchasing Cooperative (SPC) offered the same vehicle at a savings of $1,650.00. Currie Motors of Frankfort, Illinois is the Suburban Purchasing Cooperative Contract vendor (contract#129) for this vehicle. Currie Motors submitted a total vehicle cost of $19,485 for a 2017 Ford Escape S, 4-door, front wheel drive (FWD) sport utility vehicle. Currie Motors can deliver in 10-14 weeks after receipt of order.
Total Cost of Ownership (TCO) analysis is based on a 5-year lease term. Under typical conditions, this vehicle would remain in the fleet for up to ten (10) years. A lease term of that length is not available and the purchase after a lease option is not cost effective.
Staff recommends that approval be given for the purchase of one (1) 2017 Ford Escape S FWD from Currie Motors of Frankfort, Illinois at a cost not to exceed $19,485.
On April 4, 2016, this item was reviewed and approved by the Public Works Committee and referred to the Board for approval.
Financial Impact
There are funds available in account 010-5006-470200 for the purchase of the FWD Ford Escape S. The purchase price of the 2017 Ford Escape is $5,515.00 below the budgeted amount.
Recommended Action/Mo...
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