City of Nanticoke Council Meeting Minutes April 15 2026
City Secures Financing for Police SUV Lease-Purchase
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Description
The City of Nanticoke Council authorized a 5-year lease-purchase financing agreement with Banc Leasing LLC (Fidelity Bank) for a 2026 Ford Interceptor SUV, totaling $70,568.61 at 5.32% interest. The financing includes a $350 documentation fee and a $1 buyout option at lease end, with payments starting in 2027.
Contract Details
Contract Amount
$70,568.61 plus $350 Documentation Fee, $1 buyout at lease end
Vendor
BANC LEASING LLC (FIDELITY BANK)
Agency
City of Nanticoke, PA
Contract Type
FINANCIAL_SERVICES
Document Date
April 15, 2026
Contract Term
5-year lease-purchase, payments beginning in 2027
Renewal Info
Fixed 5-year lease-purchase term with $1 buyout; no renewal or extension options described.
More from BANC LEASING LLC (FIDELITY BANK)
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City of Nanticoke Work Session/City Council Meeting Agenda April 2026
City of Nanticoke Work Session/City Council Meeting Agenda April 2026
City of Nanticoke Work Session/City Council Meeting Agenda April 2026
City of Nanticoke Council Meeting Minutes April 15 2026
City of Nanticoke Council Meeting Minutes April 15 2026
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