What is Leasing?

Why is leasing a more effective method for acquiring IT?

Leasing can be used to acquire any or all of the hardware or software you need now and can include the cost of maintenance or consultancy, too. Your leasing agreement has built-in flexibility to allow you to up-grade or refresh your IT at any time, frequently without the need to increase your regular payment. This means that you can keep up with your changing IT requirements. Your assets can remain intact for other important projects.

Why can you budget more accurately with leasing?

Leasing is not affected by fluctuations in interest rates. You have a fixed payment which remains the same throughout your agreement enabling you to allow for any unforseen projects and upgrades, without huge cash outlays.

How flexible is a leasing facility?

The flexibility of a lease allows you to add to or upgrade ageing or obsolete IT equipment during or at the end of the agreement. In many cases, by extending the length of the facility, a new investment can be made without an increase in regular fixed payments. Giving you assurance that all your IT requirements will be met, with a fixed budget facility and no unecessary headaches.

How are lease payments made?

Lease payments can either be paid by invoice, standing order or direct debit. Enabling us to mirror your payment methods with no further administration on your part.

What options do I have during and at the end of the lease?

• Typically, you will have 3 options at the end of the lease
• Return the equipment with no further payments to make
• Continue leasing the equipment in return for a reduced rental
• Upgrade your IT to the latest equipment

These choices enable you to make the correct strategic decision for your establishment at that moment in time, evaluating best value services for both your users and procurement departments.