Ideal Financing Solution for Education
An Operating Lease is an agreement for a fixed period of time where payments are made in return for the use of equipment. Our EduLease for Schools and Colleges is a true Operating Lease.
During the repayment period, EduLease rents the asset to the school. When calculating the rentals on an operating lease, the residual value of the asset is taken into account. This significantly reduces the rental cost to the lessee.
Towards the end of the EduLease contract period you will be asked what you would like to do with the equipment at the end of the rental term.
You have two choices: –
- Return the equipment with nothing further to pay.
- Continue to use the equipment for a further period of time and pay additional lease rentals.
- The new rentals will be negotiated when the end of lease discussion takes place. The new rentals will be at “fair market value”. Extended use can be from a month to a number of additional years.