EASY FINANCING WITH EASYLEASE
Q: What is EasyLease?
A: EasyLease is a competitive financing program offered by Cisco Capital that provides you with straightforward and simple terms to finance the IT needs of your Small and Medium sized business customers.
Return to Top Q: What is the interest rate?
A: The arrangement is not a loan, so there is no interest rate. EasyLease provides financing options for rental or leasing of the equipment. It is usage that generates profit, not ownership, which is why your customers pay for the use of the equipment over a fixed term.
Return to Top Q: Can customers upgrade or expand their equipment during the rental term?
A: Yes, your customers can upgrade or add-on equipment during, or at the end of, the rental term. We will simply adjust either the rental payments, or the term of the agreement.
Return to Top Q: What are the end-of-term options for customers?
A: For operating leases (rentals), customers can either:
Return to Top · Extend the rental period · 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 customer payments tax deductible?
A: Customers should check with their accountant, but most payments under a rental plan are considered tax-deductible operating expenses.
Return to Top Q: Do customers still pay me (as the Cisco Channel Partner) for the solution?
A: No. Once the chosen leasing plan is in place, Cisco Capital will pay you the full solution amount within 24 hours of receiving all your completed documentation from the customer. The customer then pays Cisco Capital the ongoing monthly amount.
Return to Top Q: Can the customer finance all their IT needs or just the Cisco portion?
A: EasyLease is designed to support Cisco solutions, but the plan will cover all 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 a customer damages their equipment?
A: Most equipment will initially be covered under the manufacturer's warranty. But beyond that, customers are expected to keep the equipment in good working order, and will be responsible for repairs and maintenance.
Return to Top The monthly rental amount varies, and is based on the price of the solution purchased and the rental term chosen. A quote can be obtained from Cisco Capital or if you have access to the quote tool directly simply click here. Q: Can the customer cancel or terminate their agreement early?
A: A lease or rental agreement cannot be cancelled, but customers 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.
Return to Top Q: How quickly do I receive payment of my invoice?
A: Upon receipt of all correctly completed paperwork, payment will be made to you within 24 hours.
Return to Top Q: How can I find out more details on EasyLease for my customer?
A: Speak to your EasyLease account manager or Cisco account manager and they will be happy to provide more information, or talk you further through the process. You can also get your customer to visit: http://www.cisco.com/web/ANZ/channels/customer/capital/leasingoptions.html
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