LENOVO RENTAL SOLUTIONS

Lenovo Financial Services offers a comprehensive rental and asset management solution which provides the customer the right to use equipment for a pre -defined period. At the end of the period, the customer returns the equipment back to Lenovo Financial Services and obtains new equipment as needed, obligation free. The customer does not assume the risk of ownership of the equipment or the costs associated with owning or disposing of it. Rentals are treated as an operating expense in the income statement and the financing arrangement remains off balance sheet.

Through rental financing, Lenovo Financial Services subsidises the cost of the assets through a non-recourse residual investment.  The subsidy that Lenovo Financial Services provides ensures that our customers never pay for the full cost of the equipment they get full use of. Non-recourse to you means you are not responsible for paying the residual at the end of the contract. Various end of period options are available for you to keep you ahead of the ever changing technology requirements.

Some of the benefits of rental are as follows:

  • More cost effective than using own cash or traditional bank funding;

  • Rentals assist in maintaining your cash flow and maximize your allocated budget;

  • The total cost of ownership is decreased;

  • The accounting and administrative burden of asset ownership is eliminated;

  • Out of warranty support costs are minimized and the risk of technological obsolescence is reduced;

  • Rentals enable equipment to be easily and cost-effectively upgraded or replaced;

  • Disposal responsibilities and costs are taken care of by us;

  • The number of vendors associated with procurement, management and retirement of assets are reduced.

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