Three Suburbans Purchased from Gateway Motors for $188,000
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Description
Thedford Board approved the purchase of three suburbans from Gateway Motors, trading in two vans for an overall cost of $188,000. The board agreed to a $30,000 down payment and to finance the rest through a four-year lease purchase agreement.
Contract Details
Contract Amount
$188,000 (overall cost)
Vendor
GATEWAY MOTORS
Agency
Thedford Public Schools, NE
Contract Type
EQUIPMENT
Document Date
March 15, 2026
Contract Term
4 years (lease purchase agreement)
Renewal Date
2030-03-16
Renewal Info
Lease purchase agreement for remaining balance; term length is 4 years. Down payment of $30,000 followed by lease payments.
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Thedford Public Schools Board of Education Agenda Packet 2026-05-18
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