IT Equipment and Equipment Leasing
The University leases large amounts of IT Equipment and other Equipment due to the advantages provided by the use of a lease facility. The leasing of IT Equipment for example, has numerous advantages that include:
- The lease cost is provided from Operating Funds and not Capital Funds
- IT equipment is exchanged once the equipment ceases its warranty period. This allows for equipment to be updated at regular intervals and allows regular access to new technology available in the market at that time.
- The equipment remains the property of the leasing company and is not a University Asset.
- The equipment is returned to the lease company at the end of the leasing cycle where it is on-sold into other markets. This reduces the requirement to manage the disposal of obsolete IT Equipment.