Detroit's $65,000 Dodge Intrepid: Investigation finds police have 110 cars with expired leases
By Scott Lewis
An investigative report examining expensive vehicle leases being paid by the Detroit Police Department includes commentary and analysis from Alan Reinstein, George Husband Professor of Accounting at the Wayne State University School of Business Administration. The report found that the department is paying $608 a month to lease an eight-year-old car. He said if true, this lease arrangement is a huge waste of taxpayer’s money. “The difference between buying a car and leasing a car for 110 cars is over $4 million,” Reinstein said.
