Specifications include, but are not limited to: • Five (5) year open-end lease with no mileage restrictions. However, the vendor may propose a mileage interval and if the interval provides an advantage such as lower lease prices due to better vehicle resale potential, volume discounts, etc., then Harris County will consider mileage intervals upon negotiations. • Vehicles must be depreciated at 1.75% per month with a 16% “Reduced Book Value”. • Vendor must supply “End of Term Balance” and “Estimated Resale Value” of vehicles at the end of the 60-month term. • Maintenance based on five (5) years and 112,500 total miles per vehicle. • Rates quoted shall include all costs associated with the preparation of all paperwork necessary to procure and the actual procurement of all vehicle titles, licenses and any other miscellaneous fees.
