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Maintained School and Academies. A Guide to Leasing
Presently an Academy or Maintained School can only enter into an Operating Lease (e.g. a rental where you never own the asset)
These are our top tips:
1) Get quotes for provision of the services (with and without a lease option)
2) Let us shop around for your lease finance (it will almost certainly be cheaper than the suppliers quotes).
We offer a completely free lease quoting and arrangement service.
All you need to do is:
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Send us a copy of the quote for the works / products / installation you wish to do
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If you have a lease quote, please send a copy,
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Let us know the term you would like to fund it over (usually 5 years but potentially up to 8 years).
We will then arrange a completely no obligation quote for you.
We will not charge you a fee for this service as the funder usually pays us an introducer fee.
You do NOT need to take your equipment supplier's leasing arrangements.
You Have a Choice.
Our research tells us that, if a school decides to fund using a Lease, almost without fail, they will :
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Choose the suppliers funding solution
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Do not research other options
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Do not use a broker to help them source better terms.
Let's look at the alternative options and 'bust a few myths'
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You DO NOT need to use your suppliers Lease option. There is a good chance that you can achieve better rates for the lease elsewhere but still get your equipment from the same supplier.
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You absolutely should shop around. Rates and costs can vary significantly.
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We will shop around for you and we do not charge you for doing so (as the lease company will pay us a commission much the same as the lease company pays your supplier a commission if they arrange the lease for you).
If you are not sure if the equipment you want to purchase can be obtained on a Lease, ask us. We will be happy to explore for you.