EQUIPMENTAPPROVED

Independent School District No. 57 Equipment Lease Purchase Agreement July 2026

Enid Schools lease Chromebooks from Trafera

Equipment Cost $509,500.00; Trade-in credit ($60,450.00); Principal Amount $449,050.00; four annual payments of $124,827.00 (total $499,308.00) at 7.57% interestEnid Public SchoolsTRAFERA LLC DBA TRAFERA FINANCIAL SERVICESApril 12, 2026

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Description

Independent School District No. 57 entered into an equipment lease purchase agreement with Trafera, LLC dba Trafera Financial Services for 500 Lenovo Chromebooks and related docking stations, licenses, and services. The four-year lease beginning July 15, 2026 carries a principal amount of $449,050.00, financed at 7.57% interest with annual payments of $124,827.00 and incorporates a $60,450.00 guaranteed trade-in credit for returned Dell devices.

Contract Details

Contract Amount

Equipment Cost $509,500.00; Trade-in credit ($60,450.00); Principal Amount $449,050.00; four annual payments of $124,827.00 (total $499,308.00) at 7.57% interest

Vendor

TRAFERA LLC DBA TRAFERA FINANCIAL SERVICES

Agency

Enid Public Schools, OK

Contract Type

EQUIPMENT

Document Date

April 12, 2026

Contract Term

4 years from Commencement Date of July 15, 2026 (scheduled payments 7/15/2026 – 7/15/2029)

Renewal Date

2029-07-15

Renewal Info

Original lease term runs four years from the July 15, 2026 commencement date with four scheduled annual payments and optional purchase provisions. The overarching Agreement allows for renewal by annual fiscal-year ratification, but this schedule amortizes fully by the 7/15/2029 payment, at which point Lessee may own all equipment if all terms are met.

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