FTA Announces Limited Waiver of Life Extension Requirement
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FTA Announces Limited Waiver of Minimum Life Extension Requirement
The chassis and components shortages that started two years ago, continue to create challenges for the organizations and municipalities that are need of buses and vans across the country. In addition to shortages, manufacturers backlogs for new vehicle production continues to grow creating a delivery timeframe that is unreasonable.
To help combat the shortage and delivery issues, the FTA has announced that recipients of FTA financial assistance are now eligible for a 24-month waiver on the purchase of vehicles between November 1, 2022, and October 31, 2024. For certain vehicle types and sizes, this waiver is granted to allow a shorter minimum useful life extension of two (2) years, or 50,000 miles.
Master’s Transportation remains dedicated to Moving People Forward during this crisis. Master’s can refurbish your older bus or van and while you wait, we can keep you on the road, servicing your customers with a rental vehicle. Master’s is the only dealership in the country that can refurbish your vehicle and provide a rental vehicle while you wait. Call us today at (800) 783.3613 to see how we can help!
