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at a capital outlay savings of $95,000 in the school year beginning July 1 allows Jones to put students in newer, factory-warranted buses while reducing the age of his fleet, ex- ercising greater flexibility over the vehicles at his disposal and testing driving the vehicles for potential future purchase. Te district leased six 2015 model


year IC CE Series buses for $54,210 per year during the three-year agreement and purchased a new bus through the State of Kansas for $77,710. “It really made sense to us,” Jones said.


“Because of the block grant funding, the state of Kansas is currently under, the capital outlay dollars we would have spent on new buses could be moved, if needed, to the general fund. By doing the lease, we were able to put close to $100,000 back into the budget while getting seven basical- ly new buses. And, it really allows us to do our part in the budget cutting.” When the question of leasing and financing comes up these days, the obvious


Richard Jones of Auburn-Washburn USD in Kansas is getting a bigger bang for his buck by leasing new school buses.


answer is that interest rates and near-histor- ic lows are all the motivation anyone needs to sign on the dotted line. But, Greg Berg, director of commercial finance at Collins Bus parent company REV Group, said that there’s more to the story than that. “We’ve had low interest rates for a long


time. Tat’s not something new in this market,” he said. Don Coolbaugh, chief sales officer at


Advantage Funding in Lake Success, New York, agreed that rates will remain near historic lows even as they begin to inch upward. “No one knows when the turn is


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