EASY FINANCING WITH EASY LEASE
Q: What is Easy Lease?
A: Easy Lease is a competitive financing program offered by Cisco Capital that provides straightforward and simple terms to finance your IT and networking solutions.
Return to Top Q: What is the interest rate?
A: The arrangement is not a loan, so there is no interest rate. Easy Lease provides financing options for you to rent or lease the equipment. It is usage that generates profit, not ownership, which is why you are paying for the use of the equipment over a fixed term.
Return to Top Q: Can I upgrade or expand my equipment during the rental term?
A: Yes, you can upgrade or add-on equipment during, or at the end of, the rental term. We will simply adjust either your rental payments, or the term of your agreement - whichever you prefer.
Return to Top Q: What are my end-of-term options?
A: When the terms of your operating leases (rentals) expire, you can either:
Return to Top · Extend the rental period with a lower monthly payment · Upgrade or replace with new equipment · Make an offer to purchase the equipment at fair market value · Return the equipment with no further payments required Q: Are my payments tax deductible?
A: You should check with your accountant, but most payments under a rental plan are considered tax-deductible operating expenses.
Return to Top Q: Do I sill have to pay my reseller for the IT solution I am purchasing?
A: No. Once your chosen leasing plan is in place, we will pay your Reseller the full solution amount within 24 hours of receiving all your completed financing documents. From that point on, you pay Cisco Capital the agreed ongoing monthly payment.
Return to Top Q: Can I finance all my IT needs or just the Cisco portion?
A: Cisco Capital Easy Lease is designed to support Cisco solutions, but your plan will cover your complete networking needs under a single payment stream - including non-Cisco equipment. However, this does not include Cisco competitive equipment.
Return to Top Q: What happens if I damage the equipment?
A: Most equipment will initially be covered under the manufacturer's warranty. Beyond that, you will be expected to keep the equipment in good working order, and will be responsible for repairs and maintenance.
Return to Top Q: How much does it cost?
A: The monthly rental amount is based on the price of the solution purchased and the rental term chosen. A quote can be obtained from Cisco Capital or your through your reseller.
Return to Top Q: Can I cancel or terminate my agreement early?
A: A lease or rental agreement cannot be cancelled early, but you can terminate before the end of the term by paying the balance of the payments due. Special consideration can also be given in the event of an upgrade to a new Cisco solution.
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