Lease Financing of Vehicle Assets
Description: Wrexham City Borough Council is seeking bids for lease financing of 7 vehicle assets costing PS1.35m The Authority has already purchased these assets and is therefore seeking a sale and leaseback transaction. WCBC is looking for bids of a 5-year primary lease period. A drawdown is expected in March 2026. A full list of the assets is available in the document named "Asset Schedule.xlsx" included as part of this tender pack.
Summary: Wrexham County Borough Council is inviting bids for the lease financing of seven vehicle assets, with a total value of £1.35 million. This procurement falls under the financial leasing services category and is operating via an open procedure. The tender focuses on a sale and leaseback transaction with a drawdown expected in March 2026. Prospective suppliers have until the 6th of March 2026 at 17:00 GMT to submit their tenders, with enquiries accepted until the 25th of February 2026. The contract period is set from March 26, 2026, to March 25, 2031, and the procurement is aligned with Welsh devolved regulations. The awarding criteria are based solely on price, reflecting a strong emphasis on economic efficiency.