This is the most popular lease for Schools. Due to the speed of technology change, schools often need to upgrade equipment regularly. With Lease to Return, schools are able to choose a lease term equal to the useful life of the equipment. This allows schools to upgrade to the latest technology when equipment is out of date.
This option is also known as a Finance Lease. Ownership of the equipment is retained by the School at the end of the lease term. Lease to Own is the most suitable option when acquiring assets that have a long term useful life. Typically these assets will not depreciate in value as quickly as ICT technology.
For many schools, the sale and leaseback option offers a method to free up cash that is locked up in purchased equipment. Equico is able to purchase equipment from schools and lease it back to them. Typically equipment that is less than six months old qualifies for a sale and lease back agreement.
This product offers assistance to schools in reducing the cost of replacing equipment that has been lost, stolen or accidentally damaged.
Equico assumes the cost of protecting equipment on behalf of the school. This avoids costly claims and payments associated with traditional insurance policies. We use our resources and ICT supply relationships to replace equipment at the best price with very fast processing.
Ask about our low claim fee or waived claim fee options.