1-[Master Lease Purchase 3rd Party Financing] Pricing Scenarios.pdf
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- Attached to
- Master Agreement AZ|CTR070048
- Contract number
- CTR070048
- Issued by
- Arizona
About this file
The document is Attachment 5: Pricing Scenarios from the Arizona Department of Transportation (ADOT) Procurement division. This attachment is part of a solicitation for financing various transportation and public safety equipment, with pricing calculations based on the Standard Overnight Financing Rate (SOFR).
The pricing scenarios outline three distinct equipment financing requests: Scenario 1 involves $1,860,237.62 for 5 Anti-Icing Tanks, 5 Trailers, and 6 Graders; Scenario 2 covers $749,818.70 for 3 Snowplows; and Scenario 3 includes $116,538.04 for 2 SUV Pursuit 4x4 Vehicles. Each scenario has a 60-month term with a fixed rate of 4.5254%, resulting in total loan amounts slightly higher than the initial equipment costs. The monthly payments range from $2,173.97 to $34,701.93 depending on the equipment package. Notably, the document emphasizes using the average weighted life SOFR index for pricing, which is described as an industry standard methodology for mid-term capital requests.
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Text version
Procurement
ATTACHMENT 5
PRICING SCENARIOS
Solicitation No: Available online at https://appstate.az.gov/
Rev. 09/2022
The offeror shall complete the below table to identify the monthly payment for each scenario. For the purpose of these calculations, use the Standard Overnight Financing Rate (SOFR). **
Scenario Description of Loan Request Term (Months)
Rate Percent
Total Loan Amount Monthly Payment
1 $1,860,237.62 for 5 Anti-Icing Tanks, 5 Trailers and 6 Graders
60 4.5254% $2,082,115.80 $34,701.93
2 $749,818.70 for 3 Snowplows 60 4.5254% $ 839,252.40 $ 13,987.54
3 $116,538.04 for 2 SUV Pursuit 4x4 Vehicles
60 4.5254% $ 130,438.20 $2,173.97
List any additional fees/charges computed in the loan amount ie. Administrative fee, Processing fee, etc.
and how it’s computed ie. Flat dollar fee, percent of loan, etc.
Description: -0- Dollar/% charged: -0-
Please note that although the SOFR index will be used to price each schedule, it is the average weighted life SOFR index that will be used NOT the SOFR overnight financing rate. Pricing is based on the average life of a transaction and therefore it is imperative that these mid-term capital requests be priced utilizing this mid-term pricing methodology. This is industry standard!!
https://appstate.az.gov/
File details come from the government source that posted it. Updated .