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Benefits of Computer Leasing for Schools and Colleges

Keeping your school in touch with the latest technology as it develops

Your Compulease™ rental will provide you with opportunities to add or change your equipment during the course of the agreement, which may not require any additional budgetary outlay. This provides you with a guaranteed protection against equipment obsolescence which would not be possible if you had purchased the same equipment outright.

Modern equipment with no large capital outlay

Compulease™ enables you to install all the very latest equipment you need, without incurring a high capital outlay, leaving money available for use within the school. It also prevents having to delay the implementation of your I.T. plans until sufficient funds become available.

Upgradability – Guaranteed Protection against PC Obsolescence

The school is never left with obsolete equipment as they can upgrade at any time throughout the lease period, to ensure their pupils always have access to the very latest equipment.

Extra Equipment

At any time during the rental period you can add extra equipment to your existing agreement.

Tailored Repayments

Agreements can be over a period of your choice, between one to five years, and repayments can be made monthly, quarterly, annually or “termly” which ever is most convenient for you.

Deferred Payments

You can start getting the benefits of using the new equipment right away and not have to pay for it until your budget becomes available.

More than Just Hardware

Your Compulease™ agreement can include hardware, software, installation and even training.

Software Only

Compulease™ can also provide a facility for “software only” so you can take advantage of all the benefits even if there’s no hardware involved.

Hedge against inflation

Computer rental payments are fixed for the full period of the lease. This enables accurate forward budgeting and the luxury of paying for today’s equipment with tomorrow’s devalued money.

Total Flexibility

The I.T. needs within any teaching environment are constantly changing and future demands are hard to predict. Increasing constraints on budgets also mean that financial resources need to be stretched even further.

As a result, schools, colleges and universities have to find new ways to get the most out of their education finance budgets. The Compulease™ program provides a flexible and alternative approach to financing your entire I.T. requirement, enabling you to maintain, upgrade and build on your existing resources.

Technology Refresh

Your Compulease™ agreement is totally flexible and can be tailored to suit your specific budget profile. At any time during your agreement, you may have more equipment without actually increasing your repayments.

How does Technology Refresh work?

Technology Refresh looks at the number of payments you have made under your current agreement and provides an “available spend figure” where you can acquire further equipment whilst maintaining the same rental figure by refreshing your current contract over an extended term.

The extended term is normally equal to the original term, less the balance of the period outstanding for the current agreement. However, this is also flexible in the event you require more equipment than your current refresh figure allows.

Technology Refresh Calculator

The table illustrates the upgrade allowance that can be used to add equipment and services to an existing agreement throughout the life of the contract.

Say your original agreement for IT equipment valued at £6500 with quarterly payments of £479 over 5 years.

Quarters Paid
36 Months %
48 Months %
60 Months %
1
0
0
0
2
10
6
3
3
17
10
6
4
24
15
9
5
32
20
12
6
40
25
16
7
48
30
20
8
57
36
25
9
66
42
29
10
75
48
32
11
85
55
38
12
-
63
44
13
-
72
50
14
-
81
55
15
-
90
61
16
-
-
67
17
-
-
73
18
-
-
80
19
-
-
89
       

Three years later, you need to expand the system. At this stage in the term of the original agreement the technology refresh allowance is 44% which equates to £2860 of new equipment. Therefore, your school can acquire an extra £2860 of new equipment without increasing the current rental simply by extending the term.

For all enquiries call us NOW on 0845 124 9977 or Click Here to send us an E-Mail

Compulease™ - for all of your school computer leasing and education finance requirements.

   

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