Board Amends Lease Purchase with Customers Commercial Finance
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Description
The Voorhees Township Board of Education approved an amendment to its lease purchase agreement with Customers Commercial Finance, LLC to adjust payment schedules for years two through five while retaining the 3.99% interest rate. The change is intended to level the district’s overall lease purchase payments.
Contract Details
Vendor
CUSTOMERS COMMERCIAL FINANCE LLC
Agency
Voorhees Township School District, NJ
Contract Type
EQUIPMENT
Document Date
May 6, 2026
Contract Term
Remainder of a five-year lease purchase term
Renewal Info
Amendment No. 01 modifies payment schedules for years two through five of an existing five-year lease purchase; no extension of term or interest rate change is included.
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