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leasing equipment?
would you like an obligation free quote for leasing some new equipment? Contact equigroup
did you know…
leasing can be a tax effective means of acquiring new equipment… More
equischolar allows students to access the latest in technology via a specialist finance arrangement between equigroup and their school.
Benefits of equischolar
- To students & parents
- gain access to the latest technology without the need to pay upfront – pay as you go
- retain the equipment for the term of the agreement (usually 2-3 years)
- no credit application or checking required
- easy monthly direct debit payments
- confidence of the backing of the Commonwealth Bank.
- To schools equischolar offers
- a cost effective way to deliver technology to students
- control over allocation and term of equipment financed to students
- an opportunity to encourage uniformity in equipment
- separation of financing decision from supply
- simple administration with support from equigroup
- access to equiXpress for ease of management.
Features of the equigroup approach
- We focus on tailoring a programme to the specific needs of the school.
- We take a genuine equity position in the equipment. This in effect lowers the overall cost of financing.
- We offer a range of options at the
end of the arrangement – the
student can:
- obtain the school’s consent to continue to use the equipment
- return the equipment
- return the equipment and arrange for a new term of use
- exercise an option to purchase.
How does it work?
- A master finance facility is established between the Commonwealth Bank and the school.
- The school provides students with access to the selected equipment under a hire arrangement.
- The student retains the equipment for the specified term.
- The parent of the student pays for the usage of the equipment through a simple direct debit arrangement.
Contact the equischolar team today.
