Colleges

UniLink's lease advisory service is uniquely placed to provide comprehensive advice designed to meet the ever changing needs of FE institutions.

find out more about leasing solutions for Colleges below

UniLink works closely with number of FE bodies such as AOC and CPC to provide members with access to cost effective tailored leasing solutions.

Why Lease

Some of the benefits of leasing include:

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


What can be leased?

A wide range of equipment can be leased or financed for academies.

equipment that can be leased includes:
ICT Equipment
Reprographics & printing
Telecoms
Gym Equipment
Catering Equipment
Modular Classrooms
LED Lighting
Solar PV
Synthetic Sports Pitches
Minibuses (Contract Hire)

Accreditations

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.


Arranging a lease

Arranging a lease can be daunting. However, UniLink will guide you through the whole leasing process.

below is a quick summary of the process:

(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).


Minibus

minibus leasing

Via our partner Minibus World (www.minibus-online.co.uk) we have access to significant discounts from minibus manufacturers that are available to education bodies. We are also able to quote on minibus conversions such as adapted buses for wheelchair access and lightweight buses allowing drivers without D1 car licence entitlement to drive 17 seat buses.


“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

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