Universities

Recent changes to funding allocation mean that Universities now face unprecedented financial challenges.

find out more about leasing solutions for Universities below

Scarce resources have made acquiring the latest equipment extremely difficult, which is why many universities have turned to leasing to spread the costs of repayment.

Why Lease

Some of the benefits of leasing include:

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 universities.

equipment that can be leased includes:
ICT Equipment
Telecoms
Whiteboards
Photocopiers
Grounds Maintenance
Catering Equipment
Gym Equipment
AV & Projection
CCTV
Vehicles
Solar PV
Modular Buildings
Synthetic Sports Pitches

Leasing Framework

We can provide expert independent advice and competitively source the best leasing rates in the market on your behalf. In association with Cornwall College, UniLink have an EU tendered leasing framework available to all Universities in the UK, saving valuable procurement time and resources.

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.

“We approached UniLink in 2015 to advise how best to finance a significant capital expenditure. Within a week of opening discussions we had met with UniLink and they had a clear strategy in place. We had a very short time frame to tender, select the lessor and place the order with the supplier. UniLink achieved the target set by the Institute enabling us to secure additional savings over our existing leasing suppliers. We have since met with UniLink again to discuss how they can help us with establishing a programme for funding elements of our capital expenditure going forward.”

Nick Richmond-Smith, Head of Procurement, The Francis Crick Institute - London
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