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 many months, as opposed to paying a large upfront sum.
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 renew or simply return the equipment.
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 software without having to wait for budget to become available
All budgets considered
Agreements can be personalised to suit budgetary limitations (agreements are usually between 1-7 years)
Manageable monthly payments
The VAT 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.
No fluctuating interest rates makes it much easier to manage your school’s budget
Easier, cheaper upgrades
New equipment and software can be added during an ongoing leasing agreement, often without the need to increase rental payments
Protect credit lines
Leasing agreements are counted as additional lines of credit and do not affect banking arrangements
What equipment can be leased?
Wireless Network Support & Software
Laptops for teachers and students
CCTV & Security Systems
Connect the Classroom