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 devolved formula 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
When are payments made?
Payments may be tailored to meet cashflow, although monthly, annually or quarterly rentals are available. Leases typically run from 2 to 7 years depending on asset type.
What happens at the end of the lease?
At the end of the lease the school has the option to either return the equipment, extend the lease or buy-out the equipment via a third party such as the PTA or UniLink. We will advise of the costs for these options at the outset of the lease.
Methods of Payment?
Direct Debit or you can pay by invoice, but some lessors may charge.
What if our budgets change?
We will reschedule the payments and do our best to re-arrange the agreement to suit your revised needs.
(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 via Docusign.
(3)We will then issue a purchase order to the supplier including invoice instructions. 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).
“The School approached UniLink to help us finance some projectors. The whole process was very simple, transparent and cost effective, with UniLink managing the entire process. We have since financed our whiteboards and a new telephone system with UniLink and will be looking to use them again when we have new leasing requirements.”
Carol Finning, Business Manager, Stoke Hill Junior School - Dorset
“The school contacted UniLink via the North Essex Schools Partnership as an approved supplier to Essex County Council. We needed a new nursery setting for 26 pupils but had no funds to pay for it. UniLink discussed the options with us and assessed what our needs were including a deferred rental payment profile to allow us time to establish an income from the setting. UniLink then undertook the tender and sourced a lessor for the setting that offered best value to the school. An additional and unexpected benefit was the that the lessor uses funding from Social Investors who intentionally target investments with a positive social impact.”
Julia Hunt – Headteacher – Brightlingsea Infants School - Essex
“I used UniLink whilst I worked at St Matthew’s. We were looking to fund a 3G football pitch build costing £500,000. Andrew Moss visited the school on several occasions to assist in the process. Andrew’s personal attention resulted in St Matthew’s achieving a first class sporting facility. We used UniLink again after asking them to quote for two separate leases relating to ICT equipment. Once again the service was swift and the quotes were competitive.”
Iain Blair, School Business Manager, St Matthew’s RC High School - Manchester