Speaking at yesterday's meeting, councillor Faye White likened the council's experience with the Art Deco buses to that of a bad marriage.
"You go in with the best of intentions and no matter what you do it just doesn't come right," she said.
Councillor Rob Lutter added that, like a failed marriage, there had been "heavy maintenance" to pay and Mayor Bill Dalton said, as was the case with divorce, "you don't get all your assets back".
Councillor Michelle Pyke said: "The intention behind these buses was always going to be focused on Napier tourism and for that I'd like to say that it was a screaming success for everybody who rode the buses.
"I had the experience myself on Art Deco Weekend with 24 out-of-towners who were absolutely loving the ride and intending to use it for the whole weekend. So I do feel sad ... but it is time to draw curtains on our buses."
Councillor Keith Price said he originally voted in favour of buying the buses after the council received independent advice from consultants: "We were clearly told they were a viable option and that they would work and that's what we based a lot of our vote on at the time."
The service will cease after May 4 and the buses will go up for tender.