Le Sueur-Henderson School District Special Board Meeting Agenda 2026-05-18
Santander finances used school bus acquisition
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Description
Le Sueur-Henderson ISD 2397 has executed a five-year finance-to-own contract with Santander Bank NA to fund a $57,524.03 used school bus purchase at 5.116% interest. The bank will hold a lien on the vehicle during the loan term.
Contract Details
Contract Amount
$57,524.03
Vendor
SANTANDER BANK NA
Agency
Le Sueur-Henderson School District, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
5-year finance term at 5.116% with annual payments of $12,736
Renewal Info
Fixed 5-year finance-to-own agreement; no renewal option indicated, contract runs to loan maturity.
More from SANTANDER BANK NA
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