VAT charges can be spread over the working life of the equipment as opposed to an a large up front cost of 20%
Spread repayments over working life of the equipment
Flexible payments tailored to your needs
Period of hire to suit you
Competitive source of finance – can be less than 0% interest if the equipment is returned to the leasing company
School/college capital budgets can be directed to other projects
Avoids equipment obsolescence as it is replaced regularly
Transfer of ownership risk on to the leasing company – School staff should not be asset managers
Asset management – disposal to comply with WEEE Directive (Waste Electrical and Electronic Equipment) where applicable
Off balance sheet accounting opportunity if required
UniLink Finance are the sole supplier of leasing services to the Crescent Purchasing Consortium (CPC) and in association with Cornwall College have an EU tendered leasing framework available to all colleges in the UK. The framework has also been approved by Crescent Purchasing Consortium for use by its members. This reduces both the time and cost of tendering for leasing solutions with the process entirely managed by UniLink.
(1)You source and select the equipment that you require and negotiate the best purchase price from the supplier. We will then either provide you with a straightforward lease quotation or tailor a rental package to your specific requirements.
(2)We will then send you a short Rental Agreement for signing.
(3)You will then be asked to instruct the supplier to invoice the leasing company. You then arrange with the supplier to deliver the equipment.
(4)Once delivered, and you are happy with the equipment, you then return the acceptance certificate to the leasing company who will in turn pay the supplier.
(5)You do not start making rental payments, until you are satisfied that the equipment has been delivered (and installed).
“Colchester Institute engaged the services of UniLink when we had a very urgent requirement for a lease as we had struggled to progress the requirement with our usual funders. They managed the tender efficiently, liaised with the college and the successful lessor, delivering the solution we needed on time. We are now using UniLink for all our leasing needs including our ongoing contract hire requirements.”
Gary Horne, Executive Vice Principal: Finance and Corporate Development, Colchester Institute
“The College has used the services of UniLink for the last two years after approaching the market seeking a leasing advisor. They manage our lease portfolio efficiently and ensure costs are minimised at the end of the lease. The services provided by UniLink add value in the asset finance/leasing area and the College would recommend their services to anyone interested in appointing a leasing advisor.”
John Ward. Procurement Manager, Cornwall College
“UniLink have been supporting the college for a couple of years now. They manage all our leasing requirements, from tendering to the completion of lease documentation and provide general advice when required. They implemented a contract hire solution for our staff and now manage that process for us. UniLink also manage our existing lease portfolio efficiently and ensure costs are minimised at the end of the lease. The service UniLink provide is invaluable to the College.”
Stewart Maloney, Procurement Manager – Manchester College