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I recently purchased a new bus from Canyon State Bus sales. I could not have had a better experience. The team at Canyon State handled everything from paperwork to the delivery of the bus to my campus.

 

School Bus Financing

Financing Options Available

Canyon State Bus Sales offers several financing alternatives to assist with the acquisition of your new or used school bus. Through our network of lenders many combinations of creative financing programs may be developed to best suit your individual needs.

The following represents a SAMPLE of some of the more common programs that are available:

Lease/Purchase Example

Terms and conditions for a five-year lease/purchase with five equal annual payments where the first payment is made upon delivery and acceptance of the new bus and you the school own the bus at the end of the term.

  • Even though this is a five-year lease/purchase, it may be bought out or terminated on an annual basis
  • The bus is titled in the name of the entity, with the lessor named as the lien holder
  • Customer is responsible for all licensing and taxes
  • Payments can be made monthly or annually
  • Typical financial sources: Blue Bird Financial Services
  • Financing is subject to credit approval
  • Terms can be 1 year up to 5 years

Example of a typical payment schedule:

Purchase price of one bus:   $135,022.77
Interest Rate:   4.11%
5 equal annual payments for years 1-5:
(first payment due 30 days after delivery)
  $29,366.86
Buy-out amount after five payments:   $1.00

There are many more creative financing programs at our disposal to help you keep a modern fleet of buses. If you have an interest in our school bus financing, please feel free to contact us.