Leasing

Key benefits of leasing products:

• Improved speed and quality of the process:
  • Reduced administration for suppliers and trusts
  • Help in completion of all paperwork; trusts are no longer required to complete mini competitions.
  • More detailed comparison between leasing and purchasing.
  • Reduction in mini competition turnaround from 15 days to a maximum of 10 working days. Indicative costs available within 48 hours.
• Evaluation tools to make better informed decisions.
• Reduction in risk:
• All lessors have been commercially evaluated and selected for inclusion on the framework agreement.
• Full compliance with predetermined contract terms and conditions and EU procurement law.
• Cost savings
• Administration cost savings are a result of process efficiency and standardisation.
• Rental rates are potentially improved.
• Ability to integrate the framework agreement into the NHS bodies’ equipment acquisition strategy.
• Advantages of leasing
• At the end of the lease, the leasing company will take the asset back with no disposal costs.
• If you need to upgrade or replace the equipment, you can simply make an adjustment to your regular payment rather than invest a lump sum upfront (dependent upon interest rates)
• You do not have to pay the full cost of the asset up front.
• Leasing allows you to have the best quality products on the market.
• You have access to a higher standard of equipment which might be too expensive to buy outright.
• You pay for the asset over the fixed period of time that you use it.
• The leasing company can usually get better deals on price and will have in-depth product knowledge.