Vehicle Financing Solution

Details

Tender Closed
RFx ID :	17816538
Tender Name :	Vehicle Financing Solution
Reference # :	WS165489
Open Date :	Monday, 22 August 2016 9:00 AM (Pacific/Auckland UTC+12:00)
Close Date  :	Friday, 16 September 2016 10:00 AM (Pacific/Auckland UTC+12:00)
Department/Business Unit :	Corporate and Governance
Tender Type :	Request for Proposals (RFP)
Tender Coverage :	Sole Agency  [?]
Categories :	25000000 - Commercial and Military and Private Vehicles and their Accessories and Components 84000000 - Financial and Insurance Services
Regions:	New Zealand
Exemption Reason :	None
Required Pre-qualifications :	None
Contact :	Emer Beatson
Alternate Physical Delivery Address  :
Alternate Physical Fax Number  :
Agency Address :

The Ministry of Education requires an operating lease compliant vehicle finance solution for all new vehicles purchased from June 2016.

The scope of the financing solution sought covers the following:

• The provision of vehicle financing using an operating lease compliant arrangement
• The sale and leaseback of 133 vehicles (approximately one to three months old) around November 2016
• The phased lease of a further 407 new vehicles (approximately) between November 2016 and December 2018
• The ability to pool individual vehicle kilometre allowances
• The ability to break or extend lease terms on an individual vehicle basis
• Administrative efficiencies in the procurement of new leased vehicles
• Administrative efficiencies with the return of vehicles at the end of their lease term.

This tender has been awarded to:

• Westpac NZ

Award Date: Wednesday, 21 December 2016 (Pacific/Auckland UTC+13:00)
Date RFx was completed/updated: Friday, 16 September 2016 12:03 PM (Pacific/Auckland UTC+12:00)