Keeping costs down and managing budgets is a juggling act most schools have mastered over the years. But when it comes to school vehicles, which is better – buying or leasing? While there is not always a ‘right or wrong’ answer, leasing can help cut the hidden costs that typically come with ownership.
Owning school vehicles is a tradition that often comes at a price. The initial outlay to buy a substantial vehicle, like a minibus, can drain valuable funds that could otherwise be invested on equipment, new facilities or educational resources. Essential ongoing maintenance can be unpredictable and, if neglected, is likely to mount up to expensive repairs and servicing.
For many, leasing is seen as a far more effective solution that can not only amount to significant capital cost savings, but provide schools with added flexibility and the assurance of known costs. With optional servicing and maintenance rolled into easily-managed fixed monthly payments, the administrative burden that comes with ownership is removed. Operating modern, well-serviced vehicles can also enhance fuel efficiency and, more importantly, puts safety first.
A new option
But a new and novel advantage – particularly for schools – is the availability of a new range of minibuses that does not require drivers to have a D1 classification on their licence. Available in either a 17 seat or wheelchair accessible 14 seat version, they can often be delivered and ready to drive within 14 working days. This can provide a new level of flexibility to help schools run more economically.
If you want to know more about how leasing can help drive efficiencies, please speak to Lloyds Education Services contact Joanne Lampkowski on 01902 719 756. Joanne will be able to help you look at the solutions that can work best for your school.
For more information about the Mini-bus please view or download the datasheet