Sun Federal Programs
The standard Federal terms and conditions form the basis of our programs, including Termination for Convenience, Renewal Subject to Appropriations and other statutory or regulatory requirements. Lease terms are typically 24 or 36 months, but quarterly or annual plans are also available.
Fair Market Value Lease
Select this alternative when you want to minimize the monthly payment and probably don't want to own the asset.
A Fair Market Value (FMV) lease allows the Government to transfer the economic risk of ownership to Sun. In contrast to traditional Government Lease to Ownership Plans (LTOPs), our flexible end-of-term FMV options can be exercised at the conclusion of the lease. The Government is granted the exclusive option to purchase the equipment for its then FMV or may continue leasing the equipment at a FMV lease rate, or can return the equipment to Sun without any further obligation.
The FMV lease allows the Government to defer the purchase decision until the end of the lease term, rather than upon issuance of the order and delivery of the system.
Lease To Ownership Plan
Select this alternative when you want to own the asset but lack sufficient funds up front.
A Lease To Ownership Plan (LTOP) allows the Government to acquire Sun equipment and spread the purchase price over the term of the lease, usually 24 or 36 months. During the lease term Sun will grant the Government the flexibility of prepaying the remainder of the lease payments at a discounted amount. Because the lease spans multiple fiscal years, Sun allows the Government to preserve its rights of early termination under termination for convenience and annual appropriations should circumstances change. As with all lease plans, an LTOP requires less money initially to achieve your Agency's goals.
Technology Refreshment Lease
Consider this option if remaining current with technology is a priority of real value to your program or Agency.
Any of our Sun lease programs may include a provision for updating the technology at a pre-determined time during the lease term. This is usually done in conjunction with the FMV Lease. We can keep your payments level, and the price of the Technology Refreshment is considered at the inception of the lease. Sun Microsystems Global Financial Services and Sun Sales Representatives will meet with you at any time new conditions warrant updated solutions, from a systems or contractual perspective.
Needs Unique to Your Agency
Sun Microsystems Global Financial Services recognizes that Government customers may have special requirements that require us to tailor a specialized financial structure. A leasing manager is available to meet with you to understand your special program and budget requirements, and to develop a custom financial solution that delivers the right assets to accomplish your objectives.
- Contract vehicles that conform to federal agency requirements
- Protection from technology obsolescence
- Financing the total IT solution from Sun and related third-party suppliers
- Eliminates the risk of ownership
- Maps payments to funding requirements or budget allocation cycles
- Flexible end-of-term options are available through a Fair Market Value Lease
- Prepay at a discounted amount with a Lease To Ownership Plan
- Level payments with technology refreshment
