Funding

Mass. City Turns to Lease Purchasing to Replace Aging Fleet

March 13, 2017

The City of Springfield, Mass., has decided to put out a bid for a lease-purchase agreement to replace its aging refuse truck fleet. The city council approved a five-year contract for the lease-purchase of five automated trash trucks and one box truck for $1.6 million, MassLive reported.

The city has made an effort to reduce its aging fleet, including its fire apparatus, in recent years. A lease-purchase agreement lowers annual vehicle costs for the city to make it more affordable.

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