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leasing equipment?
would you like an obligation free quote for leasing some new equipment? Contact equigroup
did you know…
equigroup can take existing equipment off your balance sheet… 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.
