Why Lease?

For U.S. federal agencies, upgrading or expanding technology can be daunting, especially given today's struggling economy and significantly reduced IT budgets. The good news is, with flexible lease financing from HP Financial Services, updating your technology has never been more affordable and accessible. In fact, you may find that you can pay for new technology with the money you budgeted for on-going support and maintenance of old equipment.

Whether you're standardizing a single location, upgrading a nationwide infrastructure, or introducing enhanced technology features, HP offers a relatively easy alternative to the lengthy capital expenditure budgeting cycle. With 100 percent financing available, which includes equipment, services, software and installation, you avoid the huge upfront capital cost and replace it with fixed payments over the lifecycle of the technology.

More Information

Several lease alternatives are available

  • Lease With Option to Purchase (LWOP) — At the end of the term, you have the option to return the technology and upgrade to new equipment, renew the contract for an additional period of time at a lower monthly payment amount, or purchase the product based on fair market value. If you're seeking to maximize your agency's “go green” technology approach, a lease with the option to purchase may help you meet those best practice standards.
  • Lease To Ownership Plan (LTOP) — This option spreads the acquisition cost over several years. At the end of the lease, your agency owns the equipment.
There are no additional charges for setup, documentation or application. Paperwork is minimal, and HP has GSA, SEWP IV, ADMC-2 and other procurement contracts already in place. A minimum lease transaction of $50,000 or more is required. If you are procuring products through an HP authorized reseller, ask if they offer lease financing and asset management under the HP Financial Services federal leasing program.
Additionally, for commercial customers who are eligible to purchase products under HP's federal contracts, HP Financial Services offers various commercial lease products that can be tailored to specific needs.
For more information, call 1-888-277-5942, or visit HP Financial Services.