FAQ - Why Finance Sun Technology?
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Why Finance Sun Technology FAQs
The Benefits of Financing
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Why Finance Sun Technology FAQs

How does financing work?

The Lessor - Sun Microsystems Global Financial Services - retains legal ownership of the assets for the duration of the finance contract. The contract signed by you - the Lessee - gives you the right to use the assets over a period of time in return for a predetermined monthly or quarterly charge.

Why finance Sun technology?

…. because the benefit of Sun technology is in its use – not its ownership

  • Minimise the investment hurdle
  • Maximise budgetary control and flexibility
  • Maintain technological leadership
  • Mitigate the risk of obsolescence
  • Manage change

If used correctly equipment financing can be an important element of a company’s growth and long-term strategy.

What can be financed by SMGFS and for how long?

Any Sun Product or third party technology. Hardware, supporting software and professional services can all be combined into a single payment making budgets easy to manage. Typically the deal term runs up to 48 months or beyond in certain circumstances.

Product
Payment Calculations
Based on Equipment Cost less Residual Value
Based of Full Equipment Cost
Based of Full Equipment Cost All VAT payable at outset
Accounting
Off Balance Sheet (Subject to Auditor Approval)
On Balance Sheet
On Balance Sheet
Asset Ownership
SMGFS owns but optional Customer Purchase
Option SMGFS retains ownership
Customer owns at End of Term
Customer's End of Term Options
1. Return Equipment
2. Continue Rentals
3. Buy for Fair Market Value
1. Return Equipment
2. Extend Lease
Customer takes ownership