Kaleva Reviews AIS Equipment Backhoe Lease Proposal
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Description
The Village of Kaleva council reviewed information on a proposed John Deere tractor/backhoe acquisition from AIS Equipment for $139,202 under a five-year lease-to-own arrangement at 5.75% interest. The package would include a five-year warranty, but no purchase action was taken at this meeting.
Contract Details
Contract Amount
$139,202
Vendor
AIS EQUIPMENT
Agency
Kaleva village, MI
Contract Type
EQUIPMENT
Document Date
March 23, 2026
Contract Term
5-year lease to own at 5.75% interest with 5-year warranty
Renewal Info
Five-year lease-to-own proposal including a five-year warranty; renewal or replacement terms beyond this period were not discussed.
More from AIS EQUIPMENT
More from Kaleva village
Village of Kaleva Regular Council Meeting Minutes 2026-04-20
Village of Kaleva Regular Council Meeting Minutes 2026-04-20
Village of Kaleva Regular Council Meeting Minutes 2026-04-20
Village of Kaleva Council Minutes December 2025
village_of_kaleva_council_meeting_minutes_november.pdf
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