Cheney School District board approves contract leasing four vehicles

The Cheney School District is taking a new approach to replacing some of its vehicle fleet, one municipalities and other taxing jurisdictions have engaged in for several years.

The school board of directors approved a five-year contract at their regular meeting, Oct. 22, to lease four vehicles from LeaseExperts.com. The $173,867.75 lease amount comes with a 3.47 percent annual interest rate, bringing the total lease cost to $189,937.50, with the district making annual payments of $37,987.52.

Two vehicles and accessories, a 14 1500 GMC Yukon XL four-wheel drive and a 2015 F550 Ford with Dakota...