Why Finance Sun Technology FAQs
Get fast answers to your questions about Sun's Technology Refresh and Financing programs.
Why finance your tech-refresh upgrade?
... because the benefit of Sun technology is in its use - not its ownership
- By upgrading current Sun or non-Sun equipment in combination with Sun's financing options, monthly costs are likely to be equal or lower of your existing infrastructure.
- Sun offers many tech refresh consolidation options that provide you with a financial incentive when you upgrade to any of the newest systems in Sun's product line. With these industry-leading systems bring increased computing power and a reduction in space and energy consumption.
- Minimize the investment hurdle
- Maximize budgetary control and flexibility
- Maintain technological leadership
- Mitigate the risk of obsolescence
- Manage change
If used correctly equipment financing can be an important element of a company's growth and long-term strategy.
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How does financing work?
The Lessor - Sun Microsystems Global Financial Services - retains legal ownership of the assets for the duration of the finance contract. The contract signed by you - the Lessee - gives you the right to use the assets over a period of time in return for a predetermined monthly or quarterly charge.
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What can be financed by SMGFS and for how long?
Any Sun Product or third party technology. Hardware, supporting software and professional services can all be combined into a single payment making budgets easy to manage. Typically the deal term runs up to 48 months or beyond in certain circumstances.
Product |
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| Payment Calculations |
Based on Equipment Cost less Residual Value |
Based of Full Equipment Cost |
| Accounting |
Off Balance Sheet (Subject to Auditor Approval) |
On Balance Sheet |
| Asset Ownership |
SMGFS owns but optional Customer Purchase |
Option SMGFS retains ownership |
| Customer's End of Term Options |
1. Return Equipment
2. Continue Rentals
3. Buy for Fair Market Value |
1. Return Equipment
2. Extend Lease |
Subject to approval and acceptable financing terms. Not all customers will qualify. A $10,000 minimum transaction size will apply.
