Welcome to Technology Rentals
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Finance FAQ’s

 

Frequently Asked Questions about leasing…

About all aspects of financing for schools and colleges – from Technology Rentals, the UK’s specialist finance company operating exclusively in Education.

Making Equipment Protection Cover the right choice for you.

 

How do I arrange a rental plan for my school?

Technology Rentals approach to financing is structured to make your life easy. Here’s how you can get instant access to the equipment and technology your school needs.

  • Take our virtual tour and create your wishlist.
  • Send us your wishlist and one of our friendly team will give you a call and discuss the various rental plans available.
  • Select the supplier or suppliers of your choice or alternatively we can arrange one for you.
  • We will then work with you to create a payment schedule tailored to your needs and put the rental facility in place.
  • All that’s left is for you to approve and return the simple Technology Rentals documentation.
  • We’ll do the rest for you! We’ll place the order and arrange delivery from your supplier.
  • Your brand new equipment is delivered and installed.
  • Payments only begin once you are satisfied.

What can be included in a rental plan? (install, maintenance)

Our rental plan reduces the time wasted making several decisions. We have found that our customers find it easier to include all elements of their solution onto their rental plan such as hardware, software, installation, training and maintenance.

Creating an all-inclusive package rolls everything into one easy decision.

How will my equipment be protected?

Your equipment will be protected by manufacturer’s warranty…

As with all other installations in your school you are responsible for looking after the equipment which includes insuring it against loss, theft or accidental damage. We provide a low cost protection plan specifically designed for schools. One key feature of EPC is zero excess when claiming for ALL equipment except laptops, tablet PC’s and ipod’s.

Making Equipment Protection Cover the right choice for you.

What happens at the end of the agreement?

At the end of the minimum term, most customers choose to upgrade. Much like a mobile phone renewal you can update your equipment every 3 years to keep up with the latest technology.

The upgrade doesn’t have to be for the same equipment or from the same supplier. You can upgrade by starting a new agreement.

You can also continue to rent the equipment until you decide to upgrade.

What equipment can my school rent?

Technology Rentals have no preconceived ideas about funding which means we can create a rental plan for almost anything within the school or in the school grounds.

Some examples include playgrounds, IT, roof and classroom refurbishments. For a full list, take our virtual tour and create your wishlist. Technology Rentals are always up for a challenge so even if it is not on the list, we will try to make it happen.

What if I can’t afford it now but I need it now?

Why should you have to wait for the new budget year to provide your school with the equipment it needs?

With our deferred payment plan, equipment can be delivered and installed so you can receive the benefits of equipment use now and not pay until the next budget year.

How would my school benefit from a rental plan?

Rental plans allow you to think in terms of “what do I need” rather than “what can I afford”? Many of our schools tell us their needs are far greater than what their capital budget allows.

Our rental plan allows you to get what you need, whilst still attending to those urgent issues such as a leaky roof.

With our deferred payment plan, equipment can be delivered and installed so you can receive the benefits of equipment use now and not pay until the next budget year.

At the end of the minimum term, most customers choose to upgrade. Much like a mobile phone renewal you can update your equipment every 3 years to keep up with the latest technology.

What if our budgets change?

We can often reschedule payments and we will do our best to re-arrange the agreement to suit your revised needs.

I don’t know what I can afford.

Give us a call and we can find a rental plan that will suit the budget you have. Contact us now.

How long do I rent the equipment for?

Agreements run from 1 to 7 years, depending on the useful life of the equipment, however most schools opt for three years.

Rentals are tailored to meet your requirements. Options include monthly, termly, quarterly or annual payments.

Payments don’t start until you have notified us that the equipment has been delivered and installed to your complete satisfaction.

You can either pay by DD or invoice, however it is important to make sure your payments are made on time.