3.1.5 Leasing Vehicles

Agencies may enter a lease agreement for vehicles in lieu of purchasing only with prior approval from OFM. 

Agencies must also provide a cost analysis comparing lease to purchase and demonstrating cost benefit. The cost analysis along with lease terms including the number of years, obligation per year and whether the lease includes a lease to own option to help determine long-range costs versus a vehicle purchase must be uploaded to the vehicle request form in the Fleet Information System. All leasing shall be conducted through leasing contracts established by DOAS State Purchasing.