What is the simplest way to pay for a new school minibus?

The fact that the majority of schools now have more than one minibus comes as little surprise.

But still, the fact that over three quarters of schools have two or more vehicles is interesting – especially when combined with the fact that the majority of these vehicles are over five years old.

Of course, if there are two minibuses on site and one breaks down, there is a chance that the other might be available. 

Unfortunately there is also the point that minibuses are, according to the survey, increasingly being used for regular journeys to other schools, colleges, swimming pools and the like, as well as occasional visits organised by departments. 

Which means that much of the time both buses are needed – and there is probably a demand for a third bus as well.

Furthermore, when these buses are ageing there is every chance that both could be off the road at the same time.  And there is also every chance that the cost of repair and maintenance is rising all the time.

All of which means that vehicles are not only on average older, but they are also being used more – and this adds to the problem.

The simple solution (buy a new minibus) is often an impossible option financially, which is why the older vehicles are being kept on the road.

However, there is an alternative, which is to lease a minibus.  At present around 20% of school minibuses are leased – but the School of Educational Administration and Management report, which revealed this data on minibus ownership, shows that well over half of schools are now considering financing their next minibus via a lease.

What’s more, leasing still allows the school to have the school name and logo on the side of the bus – with a full range of models available.

If you would like to see what models are available, do take a look at our website – www.minibusleasing.co.uk/school-minibus.php

One final bonus: not only does leasing overcome the question of funding, it also offers the opportunity of putting the maintenance with the leasing company – thus ensuring that the bus is fully serviced throughout the year and running at the highest safety standards.

If you would like more information please email us at Minibus@benchmarkleasing.co.uk or call us on 01753 859 944.