Q: What is easylease?
A: Cisco easylease financing is a competitive program offered by Cisco Capital (through finance partner De Lage Landen Pty Ltd (DLL)) that provides straightforward and simple terms to finance your technology solutions.
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Q: How much can be financed with easylease?
A: You can use easylease for Cisco-based solutions ranging from $5,000 up to $250,000.
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Q: Can I upgrade or expand my equipment during the lease term?
A: Yes, you can upgrade or add-on equipment during, or at the end of, the lease term. We will simply adjust either your payments, or the term of your agreement - whichever you prefer.
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Q: What are my end-of-term options?
A: When the terms of your operating leases expire, you can either:
· Extend the lease period
· Upgrade or replace with new equipment
· Purchase the equipment at fair market value
· Return the equipment with no further payments required
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Q: Are my payments tax deductible?
A: You should check with your Accountant, but most payments under a lease plan are considered tax-deductible operating expenses.
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Q: Do I still have to pay my reseller for the IT solution I am purchasing?
A: No, once your chosen financing plan is in place, we will pay your reseller the full financed amount within 24 - 48 hours of receiving all your completed financing documents. From that point on, you pay DLL the agreed ongoing payment.
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Q: Can I finance all my IT needs or just the Cisco portion?
A: easylease is designed to support Cisco solutions, but your plan will cover your complete solution needs under a single payment stream - including non-Cisco equipment.
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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.
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Q: How much does it cost?
A: The monthly repayment amount is based on the price of the solution purchased and the lease term chosen. A quote can be obtained from the easylease team or through your reseller.
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Q: Can I cancel or terminate my agreement early?
A: A lease 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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