Hi, this is Brendon
Palluck with the ScholarBuys team here. We're going to talk a little bit about technology
financing for education with ScholarBuys. And so obviously,
there's different options both on the hardware
and software side of things. And Mike, as the hardware expert,
we'll talk maybe start with hardware. Great. Thanks, Brendon So when you look at hardware leasing,
right, you can do two different ways. There's called a fair market value
and there’s called a dollar buy out. The main di
fference
between the two of them is that with fair market value, you have the option
to return the equipment at the end of the lease
cycle and start fresh. So you can refresh your equipment
every three years. With dollar buy out,
your payments might be slightly higher, but you're going to own all the equipment
outright at the end of the lease cycle. And when you're looking at a hardware
lease right, you can bundle everythingin whether that be the Chromebook,
the laptop, the software that goes al
ong with it,
the warranty, the charging cart, and the services can all be under
that umbrella that you can spread out your payments over three months after excuse me, three years,
which is a great benefit. Great. Yeah. And similarly with software Darren,
I'll let you touch on that. But ultimately the goal here is to try
and spread out that that upfront cost. Right. And the same applies with software. Absolutely. And we see it all the time, and
many of you, I'm sure of noticed as well, especially
when you're looking at
say a cybersecurity solution. You know, the licensing,
there are oftentimes those manufacturers will really provide
significant discounting if you would like to do a multiyear term and where those discounts
can be obviously very advantageous. It may not be in the budget. Right. You might not have the capital ready
to make that large upfront expenditure where you were expecting to only grab
software for a 12 month term, for example. Right. So the ability to still take adva
ntage
of those multiyear savings, but then have the flexibility of spreading out those payments
into equal annual payments, it really can go a long way to allow you
to make more of the budget that you have. Right. Adopting the technologies
that you really are interested in that might have been out of reach
previously just based on cost, taking advantage
of some of those multiyear discounts and then still being able to annualize the payments
on that really, really goes a long way. Yeah, it's real
ly outstanding. And there are some protections
that it offers as well, Right. When you're buying something
at a multi-year level, multi term level, you're going to be able
to lock in your pricing right for an extended period of time. You're protecting yourself
from any potential changes to the licensing models
or just the different, you know, format. So that that's also helpful as well. Absolute, really. Yeah. You know, it happens all the time,
whether it's just, you know, year over year cost in
creases
imposed by the manufacturers or to your point,
they change the licensing structure, how they're even asking you
to acquire their technologies. So being able to kind of relieve
yourself of that throughout the lifecycle of that multiyear
term is another just major, major benefit. You just feel very sheltered from any of
those changes and cost increases. And so we're here to help you
navigate those waters and really provide you with guidance
through that process. If you are considering leve
raging
those extra discounts through any kind of multi term
and any kind of large hardware purchase.
Comments