Victorian Department of Education preferred supplier
A tailored offering to Victorian Government Schools
Vestone Capital is a preferred supplier for the provision of operating lease facilities for ICT products to Victorian government schools (contract CW48447)
We are a dedicated partner in the education sector, delivering specialised equipment finance solutions that are designed to cater to the unique requirements of each school. Our tailored IT equipment finance for schools enables you to acquire cutting-edge equipment that enhances the educational experience for students and teachers.
Benefits of equipment finance for public schools
Improved Budgeting
Use our equipment finance for public schools to spread the cost of equipment over a term, freeing up capital for other essential purposes.
Access Latest Education Technology
Keep pace with evolving education technology and software. Through our rental option, you gain the flexibility to return obsolete equipment, purchase or even extend the original contract term.
Gain Greater Control
Empower your institution with our comprehensive asset management portal, granting you seamless oversight and control over your equipment assets.
Full-Service Offering
With our equipment finance for government schools, you will experience dedicated support through our team of Client Managers and Account Managers, committed to helping you with strategic planning and execution.
Single Lease Payment
Simplify your financial administration by consolidating equipment costs, installation charges, warranty expenses, and services into a single, fixed lease payment.
Reduce Risk of Ownership
By taking on the responsibility of reselling old equipment, Vestone Capital alleviates the usual burden of ownership risks.
100% Supplier and Brand Agnostic
Acquire technology solutions from any supplier or brand that aligns with your department’s precise requirements.
A sustainable solution
Vestone Capital promotes a circular economy by ensuring that any technology assets that are returned at the end of lease are reused or recycled, reducing the amount of e-waste going into landfill.
We may also be able to assist in the responsible recycling of your (non-leased) equipment that can’t be reused.
Simple finance process
- Contact us to obtain a finance quote
- We will speak directly with the supplier and arrange an invoice
- DET approved documentation is sent to you for signing
- Your document can be executed seamlessly via DocuSign
- Upon receipt of signed documents, we pay the supplier
- Your agreement commences and repayments begin
Why work with Vestone Capital?
Vestone Capital’s equipment finance for Victorian schools has allowed us to respond to the distinctive needs of the Victorian education system. Over the past 25 years, Vestone Capital has worked as an asset leasing provider to education, government and private sector organisations. We currently work with over 1400 technology suppliers across Australia, solidifying our reputation as a trusted and experienced partner in the industry.
Frequently Asked Questions
How do we engage Vestone Capital?
Your dedicated Relationship Manager will be available to help you with your asset financing requirements.
Who supplies the equipment?
With Vestone Capital, you have flexibility and your choice of supplier. We currently work with over 1400 technology suppliers across Australia. Over the last 25 years, we have established efficient processes to manage our supplier network and have procedures to accredit new suppliers selected by our clients. This gives you the opportunity to support your trusted local businesses. You choose who you want to supply the equipment, what you need and we will arrange the funding.
How does a school execute the rental schedule?
Vestone Capital is able to support e-signatures and traditional wet signatures (scanned copy).
What services are included and what additional services can you provide?
We work with RenewIT, our lifecycle services partner, to provide a number of services, such as:
- Fleet Configuration
- Deployment and Logistics
- In Use Management
- Collection
- Sustainable Disposal and Refresh
Please note a data wipe is provided free of charge for all returned equipment.
What happens at the end of lease?
120 days prior to lease expiry Vestone Capital reminds you of the upcoming expiry and will provide you with your options, which include:
- Continue lease on a casual basis, monthly rentals are maintained
- Enter into a fixed-term extension and receive the benefit of reduced rentals for the agreed period
- Purchase your devices at Fair Market Value (FMV), capped at predetermined values
- Return the equipment.
Note: when you return equipment you ONLY need to return the charger/adapter along with it. Additional items such as keyboards, mice and the original boxes are not required to be returned.
Our exclusive education grace period for returns is 14 days after expiry date, ensuring you have sufficient time to arrange return equipment without incurring any additional rental costs.
What happens to assets when they are returned?
Vestone Capital has a significant focus on sustainability. Through our partner, Renew IT; the life of assets is extended via secondary markets. When equipment is no longer fit for use, the components are broken down and recycled or sent to e-waste facilities. If your schools have (non-leased) equipment that can’t be reused, then we may be able to assist in the responsible recycling of the equipment using green e-waste guidelines. Equipment will not be disposed of via landfill, instead all plastics and metals separated, granulated and reused.
