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| TO LEARN MORE ABOUT SYSIX LEASING SOLUTIONS, CLICK HERE OR CALL +1.800.805.7921 |
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With so many advantages to leasing, Sysix recognizes the need for multiple financing options. Sysix will determine which options best fit your needs with a detailed analysis that will help you examine all of the various factors involved with a potential technology acquisition. We can then create a customized lease structure that delivers what you need, both currently and in the future. Sysix has the expertise and resources necessary to provide you with the flexible leasing options to meet all of your technology and financial needs.
Supply Lease Program
Sysix Financial's sister company, Sysix Technologies, LLC, is an established solutions provider of products such as IBM, Sun, EMC, Oracle and consulting services. Because of the relationship between Sysix Technologies and Sysix Financial, unique terms can be passed through to the customer within the leasing agreement. These programs are subject to the individual limitations that are placed on them through the participating vendors and manufacturers. [top]
Purchase Lease Back (PLB) of New or Used Product
A PLB lease transaction is where Sysix Financial, LLC works with the customer in a financing capacity only. The customer typically selects and negotiates the purchase price from the vendor, and then assigns the purchase order to Sysix Financial. [top]
Technology Buyback Agreement
Provided that Sysix provides replacement equipment, we can enter into a Technology Buyback Agreement ("TBA"). Under the terms of the TBA, Sysix Financial will buy any technology you own at set times and at pre-determined prices. This option is available to you even if your equipment is not leased through Sysix Financial, and you will not incur the costs of disposal and do not need to allocate resources to the disposal of used IT equipment. As a full-service leasing and remarketing company, Sysix Financial has the ability to resell used equipment to its network of buyers.
Sale/Lease Backs of Used Equipment
A sale/lease back is where the customer currently owns the equipment that they would like to lease. Sysix Financial purchases the equipment from the customer and leases it back to them. Sysix Financial can also buy out a current lease between the customer and another leasing company. [top]
Selling Used Equipment
Sysix Financial has the ability and resources to purchase old and/or current equipment from a customer, regardless of whether Sysix Financial is providing the replacement equipment. [top]
Purchasing Used Equipment/End of Lease Sale
A customer may choose to buy used equipment from Sysix Financial either at the beginning of a transaction or at the end of a current lease. Prices for used equipment purchases will be set based on fair market value and subject to the rules and regulations of a standard purchase agreement. [top]
Leasing with a Purchase Option
The difference between leasing with a purchase option and a standard lease is that the customer will have a bargain purchase option at the end of the lease term, generally lower than market value of the used equipment. Additionally, a customer may request a clause in the lease schedule that conveys all licensing rights relative to the included software to the customer at the end of the minimum lease term. [top]
Month-to-Month Extensions
Sysix Financial's standard master lease provides that a lease shall continue beyond the minimum term at the same monthly rent until the customer provides 90 days' notice of termination. The customer is free to continue the rent on a month-to-month basis or they may contact Sysix Financial to extend the lease for the equipment for additional specified times. [top]
Renewals
A customer may renew a lease by contacting Sysix Financial. A new payment schedule will be evaluated and reviewed, and the renewal will specify any changes that are made – change in payment, length of renewal, etc. [top]
Upgrades
Upgrades are an important part of the leasing process as it is your protection against equipment obsolescence. At the end of a customer's lease, they can choose to either renew their lease with the equipment they currently have or update their equipment to the most recent version. Sysix Financial will remove the current equipment and replace it with the update with little or no increase to the customer's monthly payments. [top]
Early Termination
If a customer would like to terminate a lease prior to the expiration of the minimum term, Sysix Financial will provide an Early Return Credit (ERC). The ERC will provide the customer with the cost of terminating their contract earlier than expected. It is based on the fair market value of the equipment that falls under the lease. [top]
Interim Rent
Interim Rent is payment of rent for use of the equipment before the lease begins and allows the customer to receive equipment in a timely manner. For example, your company signs a two-year lease for an HP N-class server. The lease begins on April 1, but you sign the lease on March 10. Interim Rent allows you to receive the product on March 13 and you only have to pay rent for the 18 days that you are using the unit before your lease begins. You do not have to pay for the entire month of March, nor do you have to wait until April 1 to get the equipment. [top]
Consulting Services
Sysix Financial can lease services provided by Sysix Technologies, LLC, a Solutions Consortium member, or other consulting entities. Financing of services is determined by the amount of service to be provided, the customer and the term of lease. [top]
Remarketed/Used Equipment
Sysix Financial and our sister company, Sysix Technologies, LLC, have access to used, remarketed, consigned, demonstration and/or promotional products. If you are interested in purchasing this type of equipment, or have products that you would like to sell, please contact our Broker/Dealer,
Mike Schlattman, or call 630-230-9309. [top]
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