FAQ
Frequently Asked Questions
I’ve always dealt with my bank for any funding requirements. What are the benefits of financing through a technology provider?
There are some major advantages in financing through a technology provider, like Cisco Capital. Unlike financing through a bank, Cisco Capital removes the ever-increasing burden of equipment disposal and its associated environmental impact.
Ultimately, by adopting a more formalised approach to acquiring your technology, you may be able to reduce ongoing costs, improve productivity and maximise assets.
What is the difference between a Lease and Hire Purchase Agreement?
The financial and legal requirements for a lease, loan or hire purchase agreement vary from country to country. These differences are important to understand, so please talk to your local Matrix IT’s Cisco Capital Leasing Account Manager who will advise you on your optimal financing arrangement.
Why Cisco Capital and EasyLease?
Cisco Capital specialises in providing innovative financing solutions for Cisco technology solutions. EasyLease has been developed to address the needs of small and medium sized business, making your Cisco acquisition more affordable through a straightforward financing process.
How is EasyLease different from other 0% promotional financing offers?
The vast majority of other 0% offerings in the market use residual values to achieve the perceived 0%. This basically means that their offers only relate to hardware (and generally specific types of hardware) over a much shorter lease term. Cisco Capital’s 0% covers the entire solution including third party product, up to 30% of your technology solution.
Whom do I contact to arrange a lease?
Your first contact is your Matrix IT and/ or Cisco Account Manager. They will work with Cisco Capital to identify a financing solution that suits your requirements. If you do not have a Cisco Partner or Cisco Account Manager, please contact your local
Cisco Capital Leasing Account Manager.
How long will it take to set up my agreement?
Once we have received your completed EasyLease application form we quickly begin the review process. Applications under €125,000/ £100,000 will have a response within 24 hours
and transactions over these amounts require 72 to 96 hours for credit approval.
What is the minimum and maximum amount of financing available?
Our 0% EasyLease financing ranges from a minimum of €1,000/ £1,000 to a maximum of €125,000/ £100,000 per customer. You can also combine our two offerings, using both EasyLease:Network and EasyLease:Voice for a total lease up to the value of €250,000/ £200,000. We may have other financing solutions available if your requirements exceed the maximum parameters of the EasyLease program.
How much Cisco solution must be included to qualify for EasyLease 0%?
Cisco hardware, software or services, must form at least 70% of your total technology solution, with a minimum of 10% Cisco hardware (with a Cisco product code). For the services component, we support one year of Cisco SMARTnet Services.
Is there a specific length of term for the 0% finance?
Yes, the maximum lease term is 36 months. Shorter terms arealso available.
How do I make payment?
Normally payment is made by Direct Debit, but in some cases for a small additional fee we can arrange payment by invoice.
How frequently do you require payment?
Payments are normally made on either a monthly or quarterly basis. Once Cisco Capital receives your signed Certificate of Acceptance, which is legal confirmation that you have received your complete Cisco order, payment will start.
Will my interest rates change?
As long as there is no change to your lease, your EasyLease contract will not be affected by any fluctuating interest rates.
Will I own the equipment financed on my EasyLease agreement?
With EasyLease there are flexible end of lease options available such as purchasing your solution for 1% of the original hardware cost (based on published list price). Terms and conditions apply. Your local Cisco Capital Leasing Account Manager is available to help you through the EasyLease process
Whom do I contact if I want to add or change my equipment?
Your first point of contact should be your Matrix IT and/ or Account Manager. This person will advise you on all equipment options available and work with Cisco Capital to make any necessary changes to your lease documentation.
