Leasing

Why consider leasing?

For over 20 years, the Funding 4 Education leasing program has been helping schools of all shapes and sizes get the equipment they need, when they need it. Working exclusively in the education sector, our flexible independent leasing partner enables the school to get the equipment they need rather then what their budget permits, allowing the school to deliver the ultimate learning experience. It does not have to be only for IT equipment, it can be for anything and up to £20K is automatically approved!

Overview – 3 easy steps

  1. Decide on the equipment you need – we can help and offer our honest advice on what you need.
  2. Agree on the payment plan  – Funding calculator (please contact us for the password)
  3. Installation of equipment 

 

What happens at the end of the lease?

END OF TERM OPTIONS

Upgrade:

Very similar to a mobile phone agreement, the school may update to new equipment. (this doesn’t have to be like for like. For example, the school could upgrade a laptop agreement for play equipment, servers or interactive screens for example) Alternatively they may simply choose to replace and update the existing equipment.

The new Agreement would commence and the school may wish to retain the original equipment as part of the new Agreement.

3Rs Program (Rental Reduction & Rebate)

If schools aren’t quite ready to upgrade, the 3Rs program is their best and most cost effective option. The “3R™” program (Rental Reduction & Rebate), is designed to help schools maximise the use of their equipment and save them money in the process. 

The original rental is re-valued and reduced by up to 80%. Not only do the school get a substantial reduction in their current rental, they’ll also get a credit/rebate of 50% of that back when they’re ready to get new equipment. This is for a minimum of 12 months.

Purchase Indefinite Use (Title) in the equipment

In the event no new equipment is required (and subsequently there is no upgraded agreement) the school may wish to gain indefinite use of the equipment. This amount is assessed at the “current market value”, which is typically the equivalent of approximately 1 – 2 quarter’s rentals + vat.

 Return the Goods

Finally, the goods may be returned to a UK address of our choosing.