ACCOMPLISHMENTS OF AN INNOVATIVE STATEWIDE VAN LEASE AND PURCHASE PROGRAM

This paper describes a statewide vehicle procurement service in Tennessee called Tennessee Vans, which provides vans for lease and/or purchase to public agencies, private non-profit organizations, employers and commuter groups. The program participants agree to pay for the vehicles and provide safe and reliable transportation services in exchange for access to vehicles and affordable financing. The cost recovery strategy for Tennessee Vans is a critical approach to maintaining the viability and longevity of the program. The initial seed grants are provided by local, state and federal governments, with the stipulation and expectation that Tennessee Vans will recover vehicle and administrative costs to the highest extent possible. Tennessee Vans strives to constrain administrative expenses, minimize financial losses and maximize vehicle cost recovery. Revenues received from program participants are used to purchase replacement vehicles in the lease program and to procure additional vehicles for the purchase program. Since its implementation in 1990, Tennessee Vans has experienced steady growth in funding and service development. The program has placed over 500 vehicles with 300 different organizations. Currently, there are 354 vans in active service, 115 in the lease program and 239 in the purchase program. This program is an effective model of forging public/private partnerships to meet mobility goals and objectives.

• Record URL:
  http://www.ctre.iastate.edu/pubs/midcon2003/WegmannVan.pdf
• 
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/0965231062
• Corporate Authors:

  Iowa State University, Ames

  Center for Transportation Research and Education
  2711 South Loop Drive, Suite 4700
  Ames, IA  United States  50010-8664
• Authors:
  • Wegmann, F J
  • NEWSOM, T J
• Conference:
  • Mid-Continent Transportation Research Symposium
  • Location: Ames, Iowa
  • Date: 2003-8-21 to 2003-8-22
• Publication Date: 2003

Language

• English

Media Info

• Features: Figures; References; Tables;
• Pagination: 9p
• Monograph Title: MID-CONTINENT TRANSPORTATION RESEARCH SYMPOSIUM (AMES, IOWA, AUGUST 21-22, 2003). PROCEEDINGS

Subject/Index Terms

• TRT Terms: Commuter service; Cost recovery; Employer sponsored transportation; Government funding; Grant aid; Leasing; Mobility; Nonprofit corporations; Public private partnerships; Vans
• Uncontrolled Terms: Vehicle lease program; Vehicle purchase program
• Geographic Terms: Tennessee
• Subject Areas: Finance; Passenger Transportation; Public Transportation;

Filing Info

• Accession Number: 00964690
• Record Type: Publication
• ISBN: 0965231062
• Files: TRIS
• Created Date: Oct 12 2003 12:00AM