Schools often face the difficult task of finding ways to provide students with the latest technology and equipment without breaking the bank. One solution to this problem is for schools to lease their equipment instead of purchasing it outright. Here are 5 reasons why schools choose to lease…
1. Leasing equipment allows schools to have the latest technology without having to make a large upfront investment. Instead, schools can make smaller payments over time, making it easier to budget for and manage expenses which in turn gives you financial certainty.
2. Leasing allows schools to upgrade equipment more frequently, which is especially important in fields like technology and science where new advancements are constantly being made.
3. Another benefit of leasing equipment is that it can be customised to meet the specific needs of the school. This can help schools save money and ensure that they are only paying for what they need when they need it.
4. Leasing equipment also provides schools with more flexibility in case of equipment failure or malfunction. Many leasing agreements include maintenance and repair services, which can help schools save money on repairs and keep their equipment in good working condition.
5. Finally, if you are an independent school, leasing equipment can also offer tax benefits. Lease payments may be considered tax-deductible business expenses, which can help independent schools save money on taxes.
Overall, leasing equipment can be a cost-effective and flexible solution for schools. It allows schools to have the latest technology without having to make a large upfront capital payment. They’re able to upgrade equipment more frequently, allows them to obtain a full solution rather than paying upfront for a fraction of what they need and then getting the rest on an infrequent basis, and can offer tax benefits for independent schools.
If you’d like to explore how leasing could help your school, contact us on
01625 415 400 and speak with one of our friendly school specialists!
