Leasing and finance
However you want to fund your IT, we can help
Why not spread the cost of acquiring new equipment with a rental plan written just for the education sector? We offer highly-flexible leasing arrangements – for equipment from as little as £800 in total – via a number of highly-respected specialist leasing companies.
Why lease your equipment?
With a lease agreement, your equipment is always up to date – automatically upgraded as part of your contract – ensuring your IT always meets the latest Government standards.
What are the benefits of leasing?
In essence, many schools use a leasing plan to finance equipment they would not otherwise have been able to afford.
Our flexible leasing arrangements can help your school to:
- Finance your entire IT solution, including hardware, software, training and installation, services and licenses
- Defer or tailor the rental payments to suit your budgets
- Lease equipment for a total of as little as £800
- Sub-rent equipment to parents, teachers and students
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- Settle third-party leases to free up budgets
- Include existing suppliers on your contract for ease of administration
- Arrange credit lines which allow you to draw down equipment as and when you need it.
- Use the “technology refresh” facility to acquire additional equipment or software while not necessarily increasing your rental payments
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How to compare leasing quotes
A handy seven-point checklist to help you choose the best leasing arrangement for you.
Before deciding on a quote, ask yourself these seven simple questions:
- How many payments are due and what is the payment structure? Remember, additional payments can hide the true cost of a lease. And some quotes include a higher initial payment in order to reduce the others.
- Does your quote show the capital cost of the equipment alongside the rental price? Having one without the other makes it impossible for you to determine the costs of the contract.
- What happens at the end of the agreement? Make sure you have information on “transfer of title of the assets” fee in writing before you sign. (Title of the goods is normally passed to a third party (eg the Board of Governors), but details of this charge should be provided. If the supplier can’t give you this information, it means they will probably request a higher-than-average fee to transfer title of the goods to you at the end of the agreement – or ask you to return the equipment.
- Is the lease for a fixed or minimum term? If the contract is for a minimum term, you will be charged ongoing rental payments.
- What is the discount for early termination of the deal? (The industry norm is just 3%.)
- Are you being charged for payment by invoice? (In general, you shouldn’t be.)
- If you are financing a copier, have you signed a lease calculation sheet?
If you would like additional information about leasing equipment, or a free quote, call our education team on 0845 37 000 38.