The use of technology in education has grown exponentially in the past decade. This not only requires schools to implement more hardware in their classrooms, but also make sure they have strong network and security measures in place for all of this new technology. Even with the growth of new technology in education, some budgets have not yet expanded to adequately cover the costs. ScholarBuys provides a solution to schools to help stretch their budget and increase purchasing power. In this post, we will cover some of the costs schools are facing now with technology, and how leasing provides a viable solution to this cost.

$1Buy Out: With a $1 Buyout Purchase Option you own the equipment after your finance term is up. Once the leasing period is over, you buy out the equipment for $1. This is the best option if you are sure you would like to own the equipment and use it for a long time after the finance term, but want to pay for it in increments. If you want to keep your technology updated and get new products every few years, this is not the option for you.

Fair Market Value: A Fair Market Value Lease gives you the ability to purchase the product at any time at fair market value. This is a good option if you want to test out the technology and basically rent it before you purchase. You can stop leasing and return the equipment at any time, continue leasing, or purchase it at fair market value. This option offers lower monthly payments than loans for lease-to-own financing.