“the fact you can now offer a finance option is the last piece of the Hardware Associates jigsaw puzzle’
- Michael Vaughan, Head of IT at Unity Schools Partnership
At Hardware Associates Ltd we specialise in refurbished IT for schools, colleges and universities throughout the UK. A number of our Education clients have previously asked us if we have a finance option to assist in their decision making to purchase, we are now able to quote on an operating lease solution which allows better planning and control of budgets over a period of up to 4 years.
Our lease option allows your finance department to plan and make the best use of your IT budget therefore ensuring:
- students have access to tech that is suitable to continue their studies
- teachers have tech enabling them to plan their lessons in accordance with the curriculum
- your IT suites and classrooms are using reliable PCs & Laptops
Our finance option is supplied by Money Sphere who adhere to all DfE regulations and are Government compliant.
Who are Money Sphere?
Money Sphere is a reputable financial solutions provider with a combined experience of over 20 years. The available Money Sphere finance option allows for better forward planning of allocated budgets, making essential purchases more affordable and more readily available.
Payments are both safe and secure, and repayments are agreed at a fixed rate so you can plan ahead and understand exactly what you’ll pay over the term.
They have been trusted by Learning By Questions, Primary ICT Support and NS Education Technology to name just a few.
What is the process with Hardware Associates?
We started working with Money Sphere after they approached us with the operating lease finance solution that they have used to support the Education Sector.
After a review of it’s merits Sean Wiggins, our Education & Public Sector Sales specialist and Bill Champness, our Managing Director, decided it was too good an opportunity to miss, allowing us to open up to more business without underwriting the debt ourselves.
The operating lease solution is a finance package that allows our education sector customers to purchase IT hardware for their school without using all of their IT budget in one go.
Receive two quotes
- Schools and colleges get in touch with Sean to provide an Official Quote (OQ) for the supply of PCs or Laptops
- The school or college is asked if they would like a quote on the operating lease finance option as the OQ to supply would be over the minimum qualifying threshold of £3500.00 ex vat.
- If agreed, they are supplied with two quotes, one for the outright purchase of the hardware and one for the operating lease finance option
What’s included in the finance OQ?
The finance OQ breaks down the EX VAT cost of the equipment including shipping costs and gives details of an exact number of repayments to be made and the cost of each payment over a chosen period, either being quarterly or annually for anything up to four years.
Money Sphere can also quote charities on a straight repayment finance package over 36 or 48 months with different terms & conditions. Since January we have also had two agreements opened with a total value of £66,000.00.
Fast sales agreement
Once we have agreed on your requirements, the process with Money Sphere is very quick and once submitted, you should hear back within 72 hours.
When the finance is confirmed via Money Sphere we can arrange delivery at a time to suit you.
Case study: How we helped Inspiration Trust
Michael Vaughn, Head of IT at Unity Schools Partnership and a customer of ours, previously worked for a large Trust which used us for all of their IT requirements. Michael was so impressed with our refurbished IT hardware and after sales service since moving on to Unity he continues to use us for all the Partnerships IT equipment purchasing.
As part of this, he has now used the finance option for two major purchases totalling £54,000.00
The benefits to this are not just financial; read more in our Inspiration Trust case study where 14 academies across East Anglia were able to upgrade IT provisions including computer systems, servers, laptops and tablets for their students.
The project allowed Michael to reduce the Trust’s IT spending by an impressive 40%. We have of course been happy to help a number of institutions, with many in the education sector choosing finance options:
Education sector sales Feb 2020
Our sales figures for the education sector for February 2020 highlight the popularity of the finance option across 21 schools purchasing with us:
|Sales||£99,822.49 ex vat|
|Sales on Operating Lease Finance VIA Money Sphere||£54,000.00 ex vat|
|PCs & Laptops||422|
Our bestsellers for schools
We have a large and varied stock of computers for schools and depending on your needs, are able to provide the best solutions for your facility. This includes both one off purchases and full IT suite upgrades across multiple sites.
Our bestsellers are just some of the technology we can provide with our finance options via Money Sphere.
Best selling PC
Dell Optiplex 3010 SFF i5-4Gb RAM, 500Gb HDD No OS
- 12 Month RTB Warranty @ £131.99 ex vat*
Best selling laptop
Dell Optiplex E5550 i5-8Gb RAM, 128Gb SSD No OS
- 12 Month RTB Warranty @ £289.00 ex vat*
Make an enquiry
Get in touch with Sean Wiggins, our key contact for the education industry, to discuss how we can help your education facility save money on high quality, refurbished computer technology. We pride ourselves on offering tailored solutions that work to your requirements and budget.
Our main stock includes Dell, Apple and HP models, available with fast dispatch across the UK, including timed delivery options for your convenience. If we do not have the exact stock to meet your requirements, we will make every effort to source an alternative.
See us on stand 21 at ICT For Education in Brighton
We are signed up to the ICT for Education event at The Amex Stadium, Brighton on Friday 13th March 2020 and look forward to seeing some of you there.
For free registration to the event, please click here. If you have any questions about attending the event or want to talk to us before attending, call 01428 708900.
*Prices correct at time of writing. Please enquire for current pricing.