Please use the Computer Lease calculator below to access an instant quote. For projects over £100,000, please contact us to find out more.
Amount
£1,000.00
Term
1 Years
Monthly Payments
£97.71
Flat Rate
17.25%
Total Payable
£1,172.50
If you are buying computer equipment and would like to lease, then please use our free, simple to use computer leasing calculator.
Just enter the capital value between £1,000 and £100,000 and then the term you would like to lease over, between two and five years. It’s designed to give you a guide to what a computer lease would cost.
We can arrange leases from six months up to five years. The term does not have to be exactly a year, you can lease over 30 months or coincide the number of months rental with your year end. Not many leasing companies like financing computers over a period in excess of five years. Their rational is that the rental term should match the useful life of the equipment.
About 75% of the computer leases we arrange are for a three-year period, with the rentals being repaid either on a monthly or quarterly basis.
Use our IT leasing calculator to obtain a second quote. Even if you do not arrange the IT finance through us, you can still use it to benchmark against other quotes.
Our computer leasing calculator can help you define computer budgets even before you have chosen the computer equipment or supplier. Often, customers will ask us to undertake a pre-credit approval, so you can confidently speak to computer suppliers knowing the funding is in place.
A lot of companies are still not aware you can lease computer software. Software leasing has been around for many years and is still very popular today. We would even go as far as to say we finance more software than computer hardware now. Use our specialist software lease calculator to work out the monthly rentals for your software lease.
A residual value is the amount of money that a leasing company feels a computer will be worth at the end of the lease period. The easiest way to explain this is by giving an example below:
A company buys £10,000 of unbranded computers. A leasing company will think to themselves that after three years of use, the equipment will not be worth much. More importantly, they know the computers will be difficult to sell for any real value.
Compare this to £10,000 of Apple Mac’s. A computer leasing company will be able to see via eBay roughly what the second-hand value of three-year-old Apple equipment is. This might be £2,000 for example. In this case, the residual value will be £2,000. Hence, the leasing company will look to finance £8,000 as opposed to £10,000 as they will take ownership at the end of the rental term and sell the Apple Mac’s. It makes the monthly rentals a lot cheaper.
Firstly, not all computer leasing companies will offer a residual value in the first place. They will consider the type of IT equipment, servers, laptops, PC’s, iPads and the manufacturer. Brands like Dell, IBM, Cisco, Apple will demand better residual values compared to an unknown brand.
The upside is that the rentals will be cheaper. However, the downside is that you will have to pay the residual value money at the end of the lease – plus some extra profit for the leasing company. Also, if they take the equipment back, you would have to buy new IT equipment.
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