Lease
Leasing through our Partners.
Who are Specialists in funding for UK Education Institutions and the Public Sector
Our leasing partner specialise in providing funding for Education institutions, they are on many of the various frameworks and are preferred suppliers to the Association of School and College Leaders.
Benefits of Leasing your New Technology
Leasing allows your school to pay for assets as they are used rather than relying on having the capital available to purchase the equipment, which in turn allows you to retain capital for the ever-increasing need for essential maintenance and those unexpected costs which can occur from time to time.
Upgrade all aged Equipment at Once
By spreading the cost over several years, leasing enables schools to be able to install new equipment at the same time, rather than relying on a phased install and having different ages and types of equipment across the site.
Easy budget planning
Payments are fixed for the agreement term of the lease. This enables schools to allocate an affordable, regular budget for each asset.
Flexible structures
Schools can pay either monthly, quarterly or annually to suit their budgetary requirements. At the end of the primary term, the equipment can either be returned or extended into a secondary period.
Leasing FAQ’s
What funding solutions are available for schools?
Currently, an operating lease is the only type of lease agreement that Academies can enter into without prior approval. From 1st April 2024 Local Authority Maintained Schools can enter into Finance Leases for a prescribed list of equipment
What is an operating lease?
An operating lease allows the customer to use the asset over the agreed contract period in return for rental payments. These payments do not cover the full cost of the asset as the lease will generally run for less than the full economic life of the asset and the lessor would expect the asset to have a resale value at the end of the lease period – known as the residual value. This residual value is forecast at the start of the lease and the lessor takes the risk that the asset will achieve this residual value or not when the contract comes to an end.
Ownership of the asset remains with the lessor and the asset will either be returned at the end of the lease, when the leasing company will either re-lease, or sell it to release the residual value. Or the lessee can continue to rent the asset at a fair market rent which would be agreed at the time. With an operating lease there is no option for the customer to take title at the end of the lease.
What is the leasing process?
Leasing can often seem daunting and complicated, but with the right advice and payment plan, it’s actually a simple and cost-effective option for schools to get up-to-date equipment without breaking the budget!
Leasing is so easy it can be boiled down into a few simple steps:
1. Decide on equipment
The first step to starting your lease journey is picking which equipment is perfect for your school. Not sure what equipment you need? Our specialist school procurement team is at hand to help you decide!
2. Agree on a payment plan
Leasing is not only simple, but it’s also flexible. This means we can tailor the payment plan to the pertinent needs of your school. Simply speak to our team and we’ll work with you to create the payment plan that fits within your budget requirements.
3. Get the equipment installed
Now that the paperwork is sorted, your chosen we will come and set up your equipment for you.
4. Enjoy your new equipment
And that’s it! You can now enjoy your equipment and enhanced learning environment!
What happens towards the end of the lease?
At the end of the primary term of the lease, the asset can either be returned to us or the lease can be extended into a secondary period.
What is the process for signing the documents?
All relevant paperwork will be emailed to the designated signatory to be signed through DocuSign. DocuSign meets and exceeds some of the strictest global security standards and is the world’s leading e-signature product. All business and personal information is kept confidential.
