Why do schools rent / lease equipment?
Have you ever wondered why no-one owns a mobile phone? That’s because the industry has conditioned us into the way in which we acquire the use of mobile technology. People may believe they do but the reality is they commit to a monthly payment over a period of time, at the end of which they want to upgrade their phone to the latest model available or at least one with additional features.
The truth is they pay for what the equipment does and not what it is.
The funding program works exactly the same way for schools and it applies to ANY equipment. It enables schools to pay for the equipment over a period of time as they receive the benefit from it, instead of before they receive the benefit from it. And as they’re paying for what the equipment does and not what it is, there is no real benefit in owning capital equipment.