Apple Financial Services provides Finance Leasing for educational institutions. It gives you the use of Mac systems for a pre-agreed cost and period of time, with 100% of the capital cost spread over the lease period. This flexible finance lease has many operational and accounting benefits that make the whole finance process simple and easy to manage, leaving you to concentrate on more important things — like teaching and learning.
Benefits of Finance Lease
- Obtain more equipment up-front. You can achieve Government targets more easily. By taking into account your future budget now using an Apple Financial Services lease you will be able to acquire almost three times the cost of equipment that you would be able to afford paying cash.
- Maintains credit lines for other use. Equipment can be acquired without impacting other credit lines, such as loans and overdrafts that are useful for fixed assets or non-tangible investments (offices, people, training) or working capital financing.
- Payments are fixed for the term of the contract. You are protected from changing interest rates, enabling accurate budgeting and cashflow projections. Keep your ICT equipment up to date. With an AFS lease you have the flexibility to add-on, upgrade or refresh your equipment at any point during the period of the lease. Remember the saying: “finance a depreciating asset, pay cash for an appreciating asset”.
- Acquire Quality Technology in Sufficient Quantities. Students and teaching staff will benefit from being able to afford more high tech equipment in larger quantities from day one.
- Finance the Total Solution. Hardware, software, maintenance and training can all be included under an AFS lease.
- Protected Credit Lines. Keep credit lines open for other purposes, such as non-tangible investments in people, training and offices.
Summary of Features
| Length of Term | 24 to 36 Months |
|---|---|
| Minimum Order Value | £1,000 |
| Equipment Mix | 80% Hardware |
| Deposit | None, first payment due when equipment is delivered |
| VAT Treatment | VAT included in rentals |
| Payment Method | Direct Debit |
| End of Term Options |
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| Ownership | The equipment belongs to Apple Financial Services |
| Balance Sheet | Off company’s balance sheet |
At the end of the contract, AFS may sell back to the customer’s designated party for 2% of original cost. You can also return the equipment, extend your contract or use the change option whereby you lease new equipment and return the old equipment.
- * The calculator only gives you an indication of your possible payment. Rates may change without notice and such changes may not be reflected in this calculator. All offers are subject to credit approval and acceptance by Apple Financial Services.
- ** You may be able to borrow more. Please contact one of our representatives.
