California Vanpool Authority Board of Directors Meeting Agenda May 2026
Merchants Fleet Financing for Electric Van Purchase
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Description
CalVans relies on Merchants Fleet to finance approximately $619,000 of the cost for 42 electric vans tied to the AHSC Central Terrace project. The authority is currently making roughly $55,000 in monthly payments under this financing arrangement.
Contract Details
Contract Amount
Approximately $619,000 financed; about $55,000 per month
Vendor
MERCHANTS FLEET
Agency
California Vanpool Authority (Calvans), CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 14, 2026
Contract Term
Ongoing finance payments of approximately $55,000 per month; term not specified
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