There is a wide range of reasons to lease. Below are some of the more important reasons why schools choose to lease.

NO DOWN PAYMENT REQUIRED
Only the first monthly payment is required to start a lease.

SECURE 100% FINANCING
We can include incidental costs associated with the acquisition of products and services, such as installation, training, shipping, maintenance, and insurance, in the lease payment.

PRESERVE WORKING CAPITAL
Leasing allows the school to conserve their working capital. Instead of making large expenditures, they can invest their working capital in more important buildings and educational programs, meet short-term obligations, or take care of other school needs. With leasing, the school pays for equipment use, not ownership, though title can transfer if desired.

PRESERVE CREDIT LINES
Unlike a loan, leasing does not affect bank lines of credit. Our sources of funding are outside the traditional bank financing arrangements.

FIXED PAYMENTS
Fixed monthly payments make budgeting simpler and helps avoid the uncertainty of variable (floating) interest rates typical of bank loans.

A PROGRAM THAT MATCHES THE USEFUL LIFE & TUITION COLLECTION
Because a school may only need the products for 12 to 48 months, they can pay for what they use and not own the product. Payment terms can match tuition collections.

SHIFT RISK OF TECHNOLOGY OBSOLESENCE
In purchasing technology equipment a school must assume a useful life and value at the end. In a fair market value lease the Lessor takes the risk of the value at the end of the lease.

• We specialize in educational leasing.
• Personal hands-on service throughout the entire lease process.
• We work with you as partners to create solutions for your specific needs.
• Unparalleled lease rates and flexibility on transactions of any size.
• Over 25 years experience financing over a billion dollars of leases to some of the most reputable
  companies in the world.
• Strong relationships with vendors and banks translates into cost savings and lower rates.
• Extensive remarketing operation can handle the entire equipment return process.
• Uncompromising ethics from a family-owned business with an exemplary reputation.

CLASS provided a parochial college preparatory school with 400 laptops for use by students in grades 6 – 8. By leasing all 400 units the school received a deeply discounted rate. The school created a laptop lease-to-own program for each parent/student. Affordable payments were folded into the tuition bill of each student. During the three-year lease term, the laptops were maintained under the manufacturer’s full warranty and insurance, as well as being covered by 24 x 7 vendor support. At the end of the lease term, the parent/student owned their laptop. Everyone was a winner—the students were provided with an enhanced learning tool at a cost that was very affordable.

A 900 student elementary school in New Jersey was recently faced with a tough challenge. After a successful installation of a new wireless network, the school needed to address an aging set of network servers and decided to restructure the network to manage the growing demand of the student body. A new SAN was planned at a cost of $40,000. Due to the harsh economic environment the annual State Grant which the school relied upon to purchase new computers each year was cut from $40k to $0. The planned equipment purchases and SAN installation was put on hold. The school faced a dilemma of what needed to be sacrificed for the current school year. With the help of a 3 year lease structured by CLASS, the school was able to complete the SAN network, ordered over 125 laptops including 25 Macbooks, HP and Acer Netbooks, 6 Smart boards, 25 iPod Touch Cart, 12 HP desktops, Projectors, White Boards and more. Amazingly this was all accomplished with plenty of room left in the current year’s budget. The Director of Technology insists she thanks CLASS every single day.