FINANCIAL_SERVICESPENDING

Elgin Considers Police Vehicle Financing Agreement

Elgin City Council is considering a five-year lease-purchase agreement with The American National Leasing Company to finance Police Department vehicles. Funding would not exceed $1.5 million, with annual payments capped at $300,000.

Document date · October 12, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Total funding not to exceed $1,500,000.00; each annual payment not to exceed $300,000.00
Contract type
FINANCIAL_SERVICES
Contract term
Five years
Document type
Agenda
Source document
Elgin City Council Agenda 2026-10-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Elgin city?

American National Leasing Company was awarded this financial services contract by City of Elgin city, as recorded on October 12, 2026. The contract value is Total funding not to exceed $1,500,000.00; each annual payment not to exceed $300,000.00.

How much is the American National Leasing Company contract with City of Elgin city worth?

The American National Leasing Company contract with City of Elgin city is valued at Total funding not to exceed $1,500,000.00; each annual payment not to exceed $300,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Elgin City Council Agenda 2026-10-13 (Agenda), dated October 12, 2026 from City of Elgin city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does American National Leasing Company hold?

American National Leasing Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Elgin city currently buying?

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