Leasing with MML Educational Furniture offers a valuable alternative to your school’s usual cash payment process. It can enable your school significantly toincrease its purchasing power for a given budget availability.
ORDER THE EQUIPMENT YOU NEED
Leasing, enables you to have the equipment you need, when you need it. For example… if you have a capital budget of £50,000 per year for three years, it is only possible to purchase £50,000 of equipment per year. By using our leasing facility, you can get £140,000 of equipment right now. Leasing assists you in acquiring the equipment you need now and spreads the cost over your equipment’s useful life. You can free up budget and start realising the benefits right away. All our programs are totally flexible so you can add more equipment whenever it is required. Leasing is the cost efficient way to acquire equipment.
WHY SCHOOLS LEASE EQUIPMENT
Assists Budgetary Control Spreading the cost creates instant cash flow benefits, and lets you demonstrate ROI from day one. Credit Lines Remain Intact Leasing won’t affect your other credit lines, so you can dedicate your existing funding sources to other projects. Complete Flexibility We can cover all equipment types in one simple, regular payment. Simple Upgrade & Equipment Refresh Policy With leasing you can build in upgrades and add equipment, without increasing your payments.
Organisations sometimes overlook the fact that with any capital equipment, they are actually paying for what the equipment does and not what it is! An organisation wouldn’t dream of paying an employee’s salary 3 years in advance, they pay for the benefit as they derive it on a monthly basis. Leasing enables schools to apply exactly the same concept to their equipment. They pay for it as they get the benefit from it.
HOW DO I START LEASING EQUIPMENT FROM MML EDUCATIONAL FURNITURE?
Most products on our website can be purchased under a lease agreement. Included products are marked “Available on Lease terms for only £xx.xx per month”. If you would like to add products to your lease arrangement not currently included please call and we can advise. If you are purchasing via our website, simply add products to the shopping cart in the normal way. At the checkout stage, select the payment option called “Three Year Lease Quotation” If you are purchasing via purchase order or by phone; please ask for a “Lease Quotation” or write "Lease Quotation Please" on you order.
Whether ordering through the website, by fax, by phone or post, we will get back to you by return with a detailed quotation. You can then decide how you want to proceed.
OVER WHAT PERIOD CAN A LEASE BE TAKEN?
The standard plan is a three year lease. You will be invoiced annually, each time paying a third of the full cost. We also offer other lease options including a two year, four year or five year plan. Please call us to discuss which plan is best for you on 01257 425464.
HOW MUCH CAN I SPEND UNDER A LEASE ARRANGEMENT?
There is no limit to the amount you can spend under a lease agreement but the products must reach a total minimum value of £1,000 (excl vat) or more.
WHAT HAPPENS TO THE GOODS AT THE END OF THE LEASE PERIOD?
Normally, following the completion of a lease agreement, equipment is returned to the supplier. With a lease arrangement used to purchase equipment from MML Educational Supplies however, title to the goods is passed back to the customer at the end of the lease period. Meaning you retain the equipment once the lease agreement has expired.
WHO PROVIDES THE FUNDING?
Funding is provided by Funding 4 Education, you can learn more about leasing and read customer testimonials at their website: www.funding4education.co.uk
WHEN DI I MAKE PAYMENT AND WHAT COSTS ARE INVOLVED IN SETTING UP THE AGREEMENT?
We offer you the option to choose your own payment plan. You can choose to pay monthly, quarterly, per term or annually. You will be given more information on each respective rate by our funding provider following the completion of your order. Leasing agreements carry a one-time £99 document set-up charge plus £40 per annum for subsequent years until expiration of the contract.
WHAT TYPE OF ORGANISATIONS CAN TAKE ADVANTAGE OF THE LEASE/RENTAL AGREEMENT?
Our Lease agreements are ideal for all schools, colleges and universities. We can only provide goods to organisations based in the UK. All applications are subject to status.
Please note - all prices are subject to VAT at the appropriate rate