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Office of Fleet Management Services

RATE STRUCTURE

The lease rate for OFMS vehicles consists of capital, operational and fuel charges.

The capital charge is a pass-thru of the vehicle acquisition and any applicable finance charge broken-down over 84 months. Once the vehicle is fully depreciated, this charge will no longer be passed onto the agency. 

The operational charge is a standard of $127.32 per month and covers all maintanance and administrative costs. All vehicle leases are open-ended and the balance of residual value of the vehicle is returned to the agency when vehicle is sold.