[ACCORDION] Can organisations purchase Hofy equipment?
Organisations do have the ability to purchase Hofy rented equipment directly from Hofy for two separate charges - the contract cancellation and the purchase fees.
This is also one of the options you can choose from when a team member is off-boarded from your organisation or whilst you are managing a specific asset.
[ACCORDION] What costs are included in the purchase price?
Along with the cost to purchase equipment for its current value, the active rental contract also needs to be settled for 80% of its outstanding contract value and ended (contracts taken out from the 1st of May 2024 no longer have this discount). Both of these costs are charged to organisations and added to the next upcoming invoice as two different charges - cancellation and purchase.
If the equipment has reached the end of its contract, there will be no cancellation fee to purchase. The fee to purchase devices at the end of their rental period is 9x the 36 month cost of the item on our old terms and on new terms, a percentage of the recommend retail price (RRP) - see below. All rented accessories, IT peripherals and furniture cost £1/€1/$1 at the end of their contract.
| Rental length | Apple laptops | All other devices |
| 12 months | 48% RRP | 36% RRP |
| 24 months | 36% RRP | 24% RRP |
| 36 months | 24% RRP | 12% RRP |
[ACCORDION] Can team members purchase items directly from Hofy?
Not directly. If your team member would like to purchase their Hofy equipment, we will provide them a purchase quote after receiving their Hofy manager's approval. If they accept the quote and choose to purchase their equipment, the purchase fee and cancellation fee (if applicable) will appear on your next invoice. You can then settle any outstanding charges internally with your team members at your discretion, in a way that is compliant with your organisation's policies. May I purchase an item myself?
[ACCORDION] What happens after the equipment is purchased?
Once the equipment is purchased, the items stay with the team member they are assigned to or it can be managed (store, clear or reassign) via our free Asset Tracker.
The ownership is transferred from Hofy to your organisation so we no longer own the equipment. Your invoice also serves as a proof of ownership and the Asset Tracker is updated to reflect you're now the owner.
Any purchased items will continue to stay on your team member's profile as their assigned assets and in your Asset Tracker. If your organisation is on the old terms and conditions, you won't be able to access any new services. Please speak to your dedicated Account Manager or Account Executive if you would like to move to our new terms.