Kingman Targets Cogent Bank for Vehicle Lease Financing
City of KingmanCity · Kingman, AZ- Disclosed value
- Five annual payments of $360,326.44 at 3.79% plus ten annual payments of $113,138.46 at 3.88% (aggregate principal not explicitly stated)
- From staffreport
- Document date
- Mar 3, 2026
- Renews
- Free account
The 30-second brief
The City of Kingman seeks approval of Resolution No. 5599 to enter lease-purchase and escrow agreements with Cogent Bank to finance thirty automobiles and two solid waste trucks. The financing features five-year terms at 3.79% for autos and ten-year terms at 3.88% for heavy trucks.
Cogent Bank holds this financial services contract with City of Kingman. Its other public contracts on record include work for South Hunterdon Regional School District and Tompkins-Seneca-Tioga Boces.
The renewal date is on record. A free account shows it, with the renewals for every City of Kingman contract.
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Contract details
- Contract type
- Financial Services
- Amount
- Five annual payments of $360,326.44 at 3.79% plus ten annual payments of $113,138.46 at 3.88% (aggregate principal not explicitly stated)
- Document date
- March 3, 2026
- Term
- 5 years for automobiles; 10 years for solid waste trucks
- Renews
- Free account
- Vendor
- Cogent Bank
- Agency
- City of Kingman
- Source document
- City of Kingman Staff Report Approval of Resolution No. 5599 2026-03-03 (StaffReport)
Cogent Bank's other public contracts
More City of Kingman contracts
Questions about this contract
Who was awarded the financial services contract by City of Kingman?
Cogent Bank was awarded this financial services contract by City of Kingman, as recorded on March 3, 2026. The contract value is Five annual payments of $360,326.44 at 3.79% plus ten annual payments of $113,138.46 at 3.88% (aggregate principal not explicitly stated).
How much is the Cogent Bank contract with City of Kingman worth?
The Cogent Bank contract with City of Kingman is valued at Five annual payments of $360,326.44 at 3.79% plus ten annual payments of $113,138.46 at 3.88% (aggregate principal not explicitly stated), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a staffreport record.
Where was this contract approved?
This contract appears in City of Kingman Staff Report Approval of Resolution No. 5599 2026-03-03 (StaffReport), dated March 3, 2026 from City of Kingman. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Cogent Bank hold?
Cogent Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Kingman currently buying?
Explore City of Kingman's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.