Using the example of a 1999 dump truck, the city of Crystal Lake, Ill., chose to begin leasing its fleet vehicles. Having purchased the dump truck for $95,000, the estimated resale value was only $3,000 due to extensive rust and corrosion. It would cost $190,500 to replace the dump truck after the city had already spent $109,420 repairing the truck. Leasing became the most costefficient option as opposed to spending more money repairing a vehicle. (Photo provided by the city of Crystal Lake, Ill.)

Using the example of a 1999 dump truck, the city of Crystal Lake,
Ill., chose to begin leasing its fleet vehicles. Having purchased
the dump truck for $95,000, the estimated resale value was
only $3,000 due to extensive rust and corrosion. It would cost
$190,500 to replace the dump truck after the city had already
spent $109,420 repairing the truck. Leasing became the most costefficient
option as opposed to spending more money repairing a
vehicle. (Photo provided by the city of Crystal Lake, Ill.)