Buying vs Leasing

Screen Shot 2015-02-17 at 10.04.36 amI’ve been talking with Principal’s about the decision to either ‘buy or lease’ the devices they need for their schools. There are some very good reasons that schools go in one direction or the other and I wanted to create a simple graphic that explain the benefits of each.

I shared a google doc on twitter last week and asked some Principal’s who I knew had made these decisions recently to add their experience and views. The results were interesting and I’ve created a graphic below that showed the results.

buying vs leasing (3)

Here are some things to consider.

  • Last year a report from the US stated that for the first time, Chrome Books out sold Ipads in schools.
  • Many of the devices being used in school are becoming more mobile and cheaper – this means they don’t last as long as devices 5 – 10 years ago and aren’t designed to do so.
  • Technology is changing so rapidly now that being outdated and obselete happens quicker, too.
  • A school’s yearly budget can be designed in a way that is future proofed against technology updates and becomes sustainable.

The most important factor is to talk with the industry but most importantly you peers. Principals are more than willing to share their approach and experience and while no one knows everything, enough of us know a little that adds up to a lot.

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