Leasing equipment has advantages for universities
The University of Exeter has just taken delivery of a new HSM V-Press 605 baler on a lease arranged by WestWon. The machine is ideal for pressing cardboard or plastic film in areas where space is limited
Universities are increasingly turning to a lease or rental agreement as a means to acquire costly capital equipment. Often they chose this approach for budgetary purposes, even though they may have the finance available internally.
Switching the payment method from outright purchase to rental changes how the equipment is accounted for. This way the cost is allocated to a revenue as opposed to a capital budget, which has obvious advantages for many educational organisations.