Many schools, colleges, academies and other educational establishments across the UK find leasing IT equipment hugely beneficial. This is because leasing enables schools and other institutions to spread the cost of equipment over several years, as opposed to paying a large upfront sum.
Operating Leases
Schools and other educational establishments are granted full use of all assets being financed throughout the duration of the agreement, with regular rental payments made to the leasing company. At the end of the agreement, you can either simply return the equipment or retain it for a percentage of the cost.
State-funded schools are only able to enter into operating lease agreements with finance companies, as other forms of finance are prohibited.
Benefits of Leasing for Schools
Start using equipment straight away
Get instant access to equipment and installation without having to wait for budget to become available
All budgets considered
Manageable quarterly/annual payments
The cost is spread throughout the entirety of the lease agreement, rather than being paid upfront.
Better use of budget
Leasing for schools allows for better use of capital budgets.
Fixed rentals
No fluctuating interest rates makes it much easier to manage your school’s budget
Protect credit lines
Leasing agreements are counted as additional lines of credit and do not affect banking arrangements
