FINANCIAL_SERVICESAPPROVED

Village of Farmingdale Awards Financial Services Contract to Real Lease (March 2026)

The Farmingdale Board approved two 60‑month vehicle lease agreements with Real Lease starting June 2026, covering Fire Department chief vehicles and DPW trucks with equipment. Monthly payments total $2,622.98 for the fire vehicles and $3,759.96 for the DPW units, each with a $1.00 buyout at lease end and a 5.24% interest rate.

Status
APPROVED
Document date
March 2, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Real Lease
Agency
Village of Farmingdale · NY

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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
$2,622.98 per month for 60 months; $3,759.96 per month for 60 months
Contract type
FINANCIAL_SERVICES
Contract term
60-month leases beginning June 2026, with $1.00 buyout at end of term
Renewal date
2031-05-31
Renewal
Two separate 60‑month leases with $1.00 end-of-term buyouts; no optional renewal terms noted beyond the purchase option.
Document type
Agenda
Source document
Incorporated Village of Farmingdale Agenda 2026-03-02

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Village of Farmingdale?

Real Lease was awarded this financial services contract by Village of Farmingdale, as recorded on March 2, 2026. The contract value is $2,622.98 per month for 60 months; $3,759.96 per month for 60 months.

How much is the Real Lease contract with Village of Farmingdale worth?

The Real Lease contract with Village of Farmingdale is valued at $2,622.98 per month for 60 months; $3,759.96 per month for 60 months, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Incorporated Village of Farmingdale Agenda 2026-03-02 (Agenda), dated March 2, 2026 from Village of Farmingdale. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Real Lease hold?

Real Lease 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 Village of Farmingdale currently buying?

Explore Village of Farmingdale's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Village of Farmingdale's profile

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