Don’t forget leasing as an option for your next IT renews

As the end of 2010 draws near, some businesses are planning to refresh and renew tired old hardware such as desktop and notebook computers, as well as servers. Driving the updates are security requirements, new versions of operating systems, company rotation policy, depreciation schedules and more often than not, a need to overcome bottlenecks in performance and insure trouble free operation in the coming year.

Many times a company needs to purchase a new server but liquid capital prohibits them from doing so, and other times, it just makes more sense to purchase based on a lease.

Some benefits to leasing include:

  • Fair Market Value or 10% option – This option allows for a customer to have the choice to purchase or return the equipment at the end of the original term AND deduct the payments as a monthly operating expense. Upgrade equipment anytime during the lease with a “Wrap Lease” product or upgrade at the end of the term.
  • $1.00 Purchase Option – This option allows a customer to own the equipment at the end of the term for $1.00 and deduct payments over five years on a depreciation schedule or deduct all in one year under IRS Section 179. Upgrade options are still available with this program.
  • Equipment Finance Agreement (EFA) – This allows the customer to retain full ownership of the equipment from the inception of the contract. It is tax deductible under a five year depreciation schedule or under IRS Section 179. This product has unique advantages for the customer who will most likely want to exercise and early buyout option.

We are happy to be able to offer leasing terms for larger purchases, so if you have a server refresh in your future, a larger scale deployment of desktop or notebook computers, etc, call us at 864.990.4748 or email for more information.

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