Kingsway Regional School District Minutes Work Session Meeting of the Board of Education 2026-04-23
$710K Bus Lease Financing Awarded to Cogent Leasing and Financing
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Description
Kingsway Regional School District awarded a 5-year, $710,000 lease purchase financing agreement to Cogent Leasing and Financing, Inc. for the purchase of school buses. The financing will be provided at an interest rate of 3.94% with scheduled annual payments.
Contract Details
Contract Amount
$710,000.00
Vendor
COGENT LEASING AND FINANCING INC
Agency
Kingsway Regional School District, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
April 23, 2026
Contract Term
5 years
Renewal Date
2030-07-01
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