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Fiscal court votes to buy county trucks outright rather than continue lease program
Summary
Pulaski County decided to purchase Mack trucks outright instead of entering a lease with Keiko, a move officials said will save interest expenses estimated at about $70,000 per year.
Pulaski County Fiscal Court approved purchasing a set of county trucks outright rather than proceeding with a previously proposed lease arrangement.
The court discussed a revolving fleet program that typically acquires about four trucks annually. County staff reported they had an option to move forward with a lease through Keiko but learned the county has sufficient funds to purchase the trucks outright for approximately $810,000. Purchasing directly would avoid the roughly 5.5% interest charge cited by the county on Keiko leases; officials estimated interest savings around $70,000 per year by buying with county funds instead of leasing.
Magistrate Ranshaw made the motion to proceed with purchasing the trucks outright; Magistrate Strunk seconded and the motion carried by voice vote. Officials indicated they will continue the revolving replacement practice (buying and later reselling vehicles) but expect to hold title to the vehicles rather than lease them, and that sales will proceed through the existing vehicle-disposition schedule.
The court did not provide contract details for the purchases at the meeting; staff will implement the acquisition consistent with county procurement and accounting procedures and report back on timing and delivery.
