Due to the sky rocketing prices of school buses we are finding that many schools are going to a monthly rental program that saves them a substantial amount of money in comparison to the purchase of buses without the major costs of maintenance. For more information see the Comparative Analysis Table below.
COMPARATIVE ANALYSIS TABLE
Leasing Buses New Buses
1) $1,200 per month for buses no more 1) 2009 approximately $90,000 depending
than 10 yrs old which would total $60,000 on features. (Pricing contemplates new
for a 5 year lease. Buses will be in excellent emission Standards)
condition with new or almost new tires, fully
detailed, and serviced at inception of lease.
2) You take care of regular maintenance 2) You take care of regular maintenance.
(see lease agreement) and small repairs. We (no different than when you lease buses)
cover any repair costing $1,000 or more per However the manufacturer does not offer
item. We will set up agreements at local shops you a replacement bus while yours is being
to perform work in which costs exceed $1,000 repaired. Return on investment is less in
per item. Also if the repair is going to take awhile comparing $60K per five year lease vs $90K
we will provide you with a replacement bus. with purchase. No charge during two summer
months (non-calender school months).
3) Fresh buses after 5 year lease. Price will 3) Also note bus will be depreciated
not change during 5 year lease agreement. Price substantially over next 5 years. Keep in
will be subject to inflationary price hike after mind the abuse to the bus on rough country
5 year term NOT during 5 year term. roads, thus significantly affecting the
useable life of the bus.