Leasing
When rental or purchase do not suit your needs to acquire products, leasing can be a very attractive option.
Hill-Rom offers both operating lease packages to the NHS and finance lease packages to the private sector. Lease terms from 3 to 15 years are available.
Benefits of an Operating Lease for the NHS
- Rentals payable by the NHS Trust are reduced, thus helping to satisfy best value for money tests.
- The capital value of the leased assets is not counted against the NHS Trust's EFL allocation.
- Leasing allows the NHS Trust to match the costs and benefits of an asset over its full economic life.
- The NHS Trust can gain certainty over budget expenditure.
- The NHS Trust has immediate access to new equipment, which can itself offer cost savings.
- Reductions in administration costs can be achieved.
- With an operating lease from a third-party lessor, Trusts can potentially recover the VAT charged on associated services from Hill-Rom.
- Risks of obsolescence and its impact on residual value remains with the private sector.
- Operating lease funding is "off balance sheet" and rentals are treated as a revenue expense.