enable
Frequently asked questions
Q. What is a lease?
A. A lease agreement allows you to spread the cost of your laptops over a 2 or 3 year period whilst enjoying all the benefits of ownership
Q. What is the benefit of leasing under the enable programme?
A. Leasing the ICT equipment will avoid a large capital outlay meaning your pupils can enjoy the equipment today. The Enable lease complies with the schools funding guidelines and has been specifically designed to work alongside the Donation Management System. Parent donations can be used towards the lease rentals, spreading the overall cost to the school.
Q. What if I have no school funds to make any kind of initial deposit ahead of receiving donations from my parents?
A. There are a number of repayment options which can be tailored to your own budget requirements. A short payment pause after the agreement has started, or payments in arrears, will provide you with time to collect a “pot” of donations from your parents. Please e mail enable@investec.co.uk for an individual quotation tailored to your requirements.
Q. What if my parents stop making the donations as the computers get older?
A. The rentals under the lease agreement will be due irrespective of the parent donations. While you cannot completely eliminate this risk we suggest three courses of action:
- Allow for a small contingency when you make your financial calculations
- Invite parents who can to make a single donation for the whole amount
- Invite the other parents to make three annual donations in the proportions 50%, 30%, 20%
Q. What can I include in the lease?
A. Lease finance can cover the laptop, software, warranty, insurance, a carry case, memory sticks and other accessories. Should you wish to add other IT equipment relevant to the project such as whiteboards or printers this is also possible.
Q. Can I / my parents own the equipment at the end?
A. Title to the equipment cannot pass to the school. However we can appoint you as Agent to sell to a 3rd party i.e. the parents. However, if Gift Aid is being claimed then the “benefit”, in Inland Revenue terms, cannot exceed £25 so it is important to set a transfer price that complies with this requirement. The e-Learning Foundation can advise you on this if you are unsure.