Lincoln Trail College Awards Financial Services Contract to Stellantis Financial Services (July 2026)

The Board is asked to approve a three‑year tax‑exempt lease‑purchase agreement with Stellantis Financial Services to finance a 2026 Ram 1500 Limited Crew Cab 4x4 for the Chancellor. The $68,468.63 acquisition will be repaid through annual payments of $24,832.55 at 9.08% interest with district ownership at the end of the term.

Scope & details

The full contract record, as filed.

Contract amount

$68,468.63 (financed principal), $24,832.55 annually for 3 years

Contract type

FINANCIAL_SERVICES

Contract term

Three (3) years

Renewal date

2029-07-28

Renewal

No residual value; district owns the vehicle at the end of the three-year lease-purchase term, so no renewal is anticipated.

Document type

AgendaPacket

Source document

Illinois Eastern Community Colleges Board of Trustees Meeting Agenda Packet 2026-07-21

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Illinois Eastern Community Colleges AgendaPacket Board of Trustees Meeting 2026-07-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Lincoln Trail College?

Stellantis Financial Services was awarded this financial services contract by Lincoln Trail College, as recorded on July 21, 2026. The contract value is $68,468.63 (financed principal), $24,832.55 annually for 3 years.

How much is the Stellantis Financial Services contract with Lincoln Trail College worth?

The Stellantis Financial Services contract with Lincoln Trail College is valued at $68,468.63 (financed principal), $24,832.55 annually for 3 years, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Illinois Eastern Community Colleges Board of Trustees Meeting Agenda Packet 2026-07-21 (AgendaPacket), dated July 21, 2026 from Lincoln Trail College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Stellantis Financial Services hold?

Stellantis Financial Services may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Stellantis Financial Services's profile

What is Lincoln Trail College currently buying?

Explore Lincoln Trail College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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