ABK - Guide To Leasing









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	Guide To Leasing
	ABK’s leasing contracts are flexible and can be tailored to each schools needs. We operate a lease that includes a number of additional services such as maintenance, management or replacement if the asset is in repair. At the end of the lease term the asset must be returned to ABK, unless the contract has been renewed.

	1. How Leasing Works
	2. Advantages of Leasing Through ABK
	3. Further Questions Answered

	1. How Leasing Works
	Leasing is the ideal alternative to cash for price-sensitive customers. By replacing a cash investment with a much smaller rental, ABK makes the system affordable for schools. The lease agreement is between the school (the end user) and ABK (the owner). The school is committed to pay a set number of rentals to ABK over a specified period. The rental charge is fixed throughout the term of the contract. The agreement is signed by the school and an ABK invoice is then raised. This not only reduces the school’s bad debt exposure, but it also provides a great boost to their cash flow. A maintenance inclusive agreement provides regular income for ABK and peace of mind for the school. As advances in technology occur, or the schools reeds change the system can be upgraded to suit the demands being made upon it and a new rental agreed. Towards the end of the agreement term, ABK can revisit the school and negotiate a new sale or new lease according to their needs and requirements.

	2. Advantages of Leasing Through ABK
	Flexible time frames Leasing contracts can be restructured to fit schools requirements. The asset can be used for as long as you need it without owning it forever. Avoid owning outdated stock Simply return the asset to ABK, you will not have the hassle of trying to sell the used asset or run the risks related to residual value and (technical) obsolesence. Additional advantages Cancellation options and asset maintenance.

	3. Further Questions Answered
	What are the advantages of using ABK? ABK are specialists in leasing in the Education sector. Once equipment has been supplied, we then provide a range of support services to ensure long-term cost-effective performance. We provide a single point of contact with one telephone number for all aspects of the service.

	What are the capital costs? ABK will work together with you to develop a tailor-made fixed payment plan. We aim to provide you with an affordable lease rate with no hidden extras. Your first payment will be due on receipt of an ABK invoice, with the remaining payments made at agreed invervals throughout the rental period. Each payment includes cover for accidental damage, fire and theft, all warranty and technical issues.

	Do I own the equipment under the agreement? The equipment is being loaned to you throughout the duration of the agreement and remains the property of ABK. However, the equipment may be avaliable for sale at the end of the lease agreement for its market value at that time plus VAT.

	What happens if the equipment is damaged during transit or doesn't work on receipt? You must inspect the equipment within 3 days of receipt. If there is any damage or operational problems, please contact ABK by calling 0161 482 6300 within this timeframe.

	What happens if the equipment develops a fault or requires replacement? The equipment is covered by a manufacturers warranty for five years. Full details will be provided to you on delivery. Please take care to make a note of the manufacturers telephone number for warranty repair calls.

	What happens if the equipment is damaged, lost or stolen? Your equipment is covered against theft, fire, flood, accidental loss and damage wherever the equipment is used or located. In the event of any of the above occurring, please contact ABK as soon as possible for your claim to be processed effciently.

	Are there any special incentives? Once you have placed an order though ABK we will be delighted to offer you free kids Box-A-Cise training and registration.*

	Why is the length of the lease 5 years? Our usual lease period is five years due to the nature of the equipment we supply. With technical advances we assume equipment will need updating after a five year period and we appreciate fair wear and tear will occur.

	What happens at the end of the contract? An ABK representative will be in contact with you towards the end of your lease agreement. The equipment will be removed and you may order new equipment under similar arrangements. Alternatively, you may wish to purchase the equipment at an agreed price.

	Does the package include training? Specialist training will be provided through the specialist trainers, assisting your staff's development and making sure safety is always paramount.

	*subject to order value