Purdue University is leasing 30 vehicles produced at Subaru of Indiana Automotive Inc. in Lafayette to update its fleet. The Subarus are the first of nearly 80 that will replace university fleet vehicles that have piled up "significant" mileage.
Purdue has entered into a three-year lease agreement with Enterprise Fleet Management, which is purchasing the new vehicles and leasing them to the university. Rob Wynkoop, director of service enterprises for Purdue, says the lease agreement not only offers unlimited mileage but saves the university about $1 million in up-front costs.
"This lease agreement allows us to free up capital for other university needs and provides us with options while extending our partnership with a local manufacturer as well as with Enterprise, a well-known and respected name in the transportation industry – both here in Indiana and throughout North America," said Wynkoop.
Wynkoop says Purdue has the option to extend or acquire new vehicles when the lease agreement ends. He says additional SIA-produced vehicles could be added to the fleet at a later time.
Subaru of Indiana Automotive recently completed a $140 million expansion which created 1,200 additional jobs. The company also celebrated its three millionth Subaru produced at the plant. SIA builds the Subaru Legacy and Outback vehicles and will begin producing the Impreza later this year.