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Leasing: Same Budget, More Equipment Up-Front
Posted by Jonathan Gallup at 07:52:40 PM Thu 05/22/2014

Trying to figure out how to go 1:1 on scarce budgets? Try Leasing.
Digital Wish put one-to-one computing in 30 schools and experimented with every imaginable funding mechanism.  The biggest strides towards increasing technology came to those schools who adopted a leasing strategy. They were able to get as much as three times the equipment upfront, using their same annual budgets. How did they do it? Let’s break it down into simplest terms.

When a Lease Makes Sense
Technology is becoming an increasingly large budget item and many schools are avoiding huge upfront costs and adopting a leasing strategy. This allows schools to spread out the technology expenditure across the useful life of the equipment, making better use of limited budgets, and refreshing their equipment before it becomes obsolete.

When trying to decide whether to lease, consider how long your technology is expected to last. For non-1:1 schools, desktop devices can often last longer than the lease period and afterwards they can still be handed down to other grade levels. However, if you are working towards a 1:1 environment, remember that the devices will wear out much faster than stationary desktops, which means your equipment will need to be replaced faster.  There is often no hand-me-down value for 1:1 devices, because the equipment is largely worn out by the time the students finish with it. This means once the technology runs its life cycle in the 1:1 program, it will probably need to be disposed of, regardless of whether it still holds value on the fair market.

There are 2 types of leases, a Fair Market Value (FMV) lease and a $1 Buyout lease.

The $1 Buyout Lease
With a $1 Buyout lease you pay for the entire cost of the hardware over the lease term, and you own the equipment at the end of term.

Example: When financing a $300 device, with a 3-year $1 Buyout Lease you’ll spread the cost of that device out over 3 years via an annual or monthly payment schedule.

Now compare a $1 Buyout lease, versus an outright purchase of equipment.  With the lease, you can equip three times as many students with devices in the very first year, and spread the cost out over the 3-year term. This alone, may be enough for your school to tackle a 1:1 initiative now, instead of later.  

Decoding the Fair Market Value (FMV) Lease

With a FMV lease the school doesn't pay for the ownership of the device but only use of the equipment.

Example: That same $300 device will lose approximately $100 of equity each year.  If you are on a 2-year FMV lease you will only have paid about $200 for the device before you send it back. There are not disposal costs on worn out equipment.

A FMV lease can save a lot of money for a 1:1 program.  Since there is probably no hand-me-down value for 1:1 devices, a FMV lease provides an option to get rid of worn out equipment before problems arise.  It also means you can shorten the replacement cycle to 2-3 years, allowing you to replace the devices before they wear out. Then you can implement a Tech Refresh program and get new equipment again.

Add Software, PD and Installation to the Lease
Few schools are aware that you can add software, peripherals, telecom equipment, installation costs, warranties, freight, and even professional development into a single lease together with tablets and computers.  This allows schools to set up a single and predictable annual payment for most of their technology needs to match the school’s annual budget.

Options to Consider
Most terms are negotiable with a lease, so here are some options you will want to consider:

  • Term: Select a 2, 3, or 4-year term.  The longer the term, the lower the annual payment, and the more equipment you can get upfront with your same annual budget.

  • Tech Refresh: Consider the useful life of the equipment and how soon you want to replace it.  At the end of a lease, you can do a Tech Refresh and replace your equipment (often) at the same annual payment. 

  • Payment Plan: Many schools set up a one-time annual payment to simplify accounting, but a lease can be monthly, or any term to match the budget cycle.

  • Deferred Payments – Some lease options allow for the equipment to be delivered to your school well before your new fiscal budget starts, allowing schools to get the equipment ready prior to the next budget cycle.

  • End of Lease Options: At the end of the lease, you can upgrade your equipment, allow students to keep the equipment, or pass it down to lower grade levels. Some leases allow you to decide which equipment to keep and which to send back – so make sure to select options that best match your school’s technology plan.

  • $1 Buyout Option: This is ideal for high schools that lease devices for their 9th graders, and then gift the devices to the students upon graduation.  Not only will this save on disposal costs, but it also reduces breakage rates because students take better care of equipment that they know will be theirs. It’s also a fantastic graduation present!

School Hurdles
Leasing requires schools to step outside of their comfort zone of outright purchasing and consider an alternative financing strategy. We discovered it was common to find someone in the school administration who was against leasing “on principle”, so be prepared to ask hard questions like:
 

  • Why do you want to own technology that will be obsolete in 3 years?

  • Leasing IT equipment is a common practice in the business world, so why shouldn’t schools take advantage of the same benefits by spreading costs over multiple budget years, and upgrading equipment regularly.

  • Schools borrow money to buy busses and replace roofs, why not 1:1 equipment too?

  • Schools may already be leasing copiers and other large ticket items.  Is that working well for the school and taxpayers?

At the end of the day, it makes no material difference to students and teachers whether a device was leased or purchased.  They will still treat classroom technology as the school’s own. Leasing is not a panacea, but for many schools it can shorten the march towards 1:1 computing by even years.

If you need help sorting out the leasing options, the nonprofit Digital Wish has staff with hard-won expertise in 1:1 computing and can help answer your questions.

Contact us: [email protected] or (866) 344-7758.


Digital Wish Media Contact:
Jennifer Miller, [email protected]
Digital Wish
PO Box 52
Milton, DE 19968
866.344.7758

April Grant Winner!
Posted by Amanda Stevens at 07:50:56 PM Thu 05/01/2014




Congratulations!

 

Sister Rita Keller, IHM




Digital Media in the Classroom - April



04/30/2014


Be sure to submit your original lesson plans for consideration on future grant awards!  Be sure to check out all of our grants at http://www.digitalwish.com/dw/digitalwish/dw_grant_calendar


Digital Wish Media Contact:
Jennifer Miller, [email protected]
Digital Wish
PO Box 52
Milton, DE 19968
866.344.7758

Grant Winners for March Announced!
Posted by Amanda Stevens at 05:07:58 PM Thu 04/24/2014

Congratulations!  Thank you for you lesson plan submissions!

 

Jessica Craig Digital Projects for the Classroom - March 03/31/2014
Pamela Rogers Collaborative Writing and Debating - March 03/31/2014
Laura Sullivan Digital Media in the Classroom - March 03/31/2014

 

Digital Wish Media Contact:
Jennifer Miller, [email protected]
Digital Wish
PO Box 52
Milton, DE 19968
866.344.7758

$$ Budget Friendly $$ Leasing Options Now Available at Digital Wish!
Posted by Amanda Stevens at 05:31:39 PM Tue 04/15/2014

Explore Lease Options
A lease can typically get you 3X more equipment in the first year, for the same annual technology budget. Benefits of leasing include:

- Much Lower Up-Front Costs - Get the equipment you need now, without impacting your annual budget.

- Flexible Payments - You can structure your payments monthly, or annually.

- Bundle Your Technology Purchases - Get all your equipment under a single lease, including tablets, computers, digital cameras, software, and more.

Learn why other schools are chosing to lease, rather than purchase equipment. Call (802) 375-6721 or email us at [email protected] to find out more about your options.

View our products available for lease here: http://www.digitalwish.com/dw/digitalwish/products?category=lease-option&path=


Frequently Asked Questions on Leasing

Get more information in this information sheet!


Digital Wish Media Contact:
Jennifer Miller, [email protected]
Digital Wish
PO Box 52
Milton, DE 19968
866.344.7758

February Grant Awards
Posted by Amanda Stevens at 05:34:19 PM Tue 03/18/2014


Congratulations February grant winners!  Please be sure to submit your own lesson plans to be eligible for more great Digital Wish grant opportunities.

Natalie Vazquez Vocabulary and Humor for High School Students - February 02/28/2014
Michelle Gilliam Interactive Learning 02/28/2014
Carlos Hernandez Digital Media in the Classroom - February 02/28/2014








 















 




Digital Wish Media Contact:
Jennifer Miller, [email protected]
Digital Wish
PO Box 52
Milton, DE 19968
866.344.7758

Grant Winners for January
Posted by Amanda Stevens at 05:32:07 PM Tue 03/18/2014


Congratulations to our January grant recipients!!  Please be sure to submit your lesson plans for a chance to win a Digital Wish grant.


Jennifer Nettesheim

Vocabulary and Humor for High School Students - January

01/31/2014

james harrigan

Digital Projects for the Classroom - January

01/31/2014

Robin Thomas

Digital Media in the Classroom - January

01/31/2014

Betsey Beasley

Digital Citizenship and Cyber Safety - January

01/31/2014

Jaycie Holland

Foreign Language - Spanish Keyboarding

01/31/2014


 


Digital Wish Media Contact:
Jennifer Miller, [email protected]
Digital Wish
PO Box 52
Milton, DE 19968
866.344.7758

Earth Day 2014
Posted by Lauren Chaves at 03:14:57 PM Thu 03/13/2014

2_19_14We have an exciting program to help your school earn money for technology through recycling old electronics. All the materials like press releases, flyers, and email templates are available for your teachers here.

Recycle Forward helps educators get new technology for their classrooms by recycling used electronics and ink cartridges for cash. Just set up a drop box and print flyers. Everyone can participate. We raised $850 for our local school in one afternoon by publicizing the technology drop location in the local papers. Click the links for a comprehensive list of accepted recyclables cellphonesMP3′sinkjet cartridges laser cartridges, and laptops.

Download Template
Download Template

We recommend starting your collection with a highly publicized community drive on a specific date and time frame. After your initial push, make this a year-round program by offering your school as a community drop-off location for recyclable items. Also inspire participation with fun activties for the classroom. Use our tree template and trace our recycle tree using a projector and every child who brings in a piece of old technology gets to put a leaf on the tree.

We can help you and your teachers if you need help getting started. Its very beneficial for your users and it gets the community to work together for a common good. Its a very stress free fundraiser because we have already done all the work necessary except the collection process. If you have any questions please feel free to email your questions at [email protected].

Digital Wish Media Contact:
Jennifer Miller, [email protected]
Digital Wish
PO Box 52
Milton, DE 19968
866.344.7758

Help Mrs. Ginny Moorefield get iPad’s for her Classroom!
Posted by Heather Chirtea at 01:54:08 PM Thu 02/20/2014

East Wake Academy is a small, K-12 charter school of approximately 1,100 students located in Zebulon, NC.  It is a wonderful environment where teachers and students are encouraged to be creative and explore information.   We want to prepare our students for the 21st Century and we need more technology in our classrooms.

I am a Nationally Certified American Sign Language teacher hired to teach American Sign Language (ASL) as a foreign language and/or elective for the students in the high school.  There are only a handful of high schools in North Carolina that offer ASL to their students and East Wake Academy has always been forward thinking in its options for students.

In an ASL Class, we work with videos….A LOT of videos.  Our school Internet capabilities are not fast enough for my students to do video assignments in class and upload them to be graded.  Being a small school, we do not have computers for every student.  I am asking for a classroom set (about 20) of iPad 2s with “student proof” cases.  Currently, students are recording videos on my personal laptop.  The video quality is very poor and has so many lags and skips that the content is unreadable and thus un-gradable.  Students are not able to get the feedback that they need to improve their skills.  Their homework is usually recorded on their Smart Phones or on a home webcam and then uploaded to Google Drive to be graded.  However, we are in a very rural area and high-speed Internet is not an option for some students. On occasion, we have trouble with videos not uploading properly.

Having 20 iPad 2s with durable cases would allow students to complete required tasks in class, research, and create activities and videos.  There are apps available to improve their skills and all with the portability that an iPad 2 allows.  Having this resource available at school would also benefit those students who have trouble with internet or webcam access at home.

To donate to her classroom check out her fundraiser on other site digitalwish.com 

Digital Wish Media Contact:
Jennifer Miller, [email protected]
Digital Wish
PO Box 52
Milton, DE 19968
866.344.7758

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