|
Technology
Lease
Technology Refresh is an
exchange solution which
allows the Lessee to 'swap' a
pre-defined percentage of the
original equipment on lease
for the latest technology. By
regularly exchanging the
leased equipment Lessees can
keep up with their ever
changing business needs from
their technology, as well as
eliminating the need to
dispose of any obsolete
equipment.
Technology Refresh can be
applied to both a Finance
Lease and an Operating Lease.
The equipment can be upgraded
or exchanged at any time
during the lease period, and
the further into the lease,
the higher the percentage of
equipment which can be
exchanged for new. The new
and retained equipment are
contracted on to a new lease
agreement with a term equal
to that of the original
agreement.
|