It makes sense to keep your options open. It makes sense to maintain your competitive edge.
Acquire the technology you need...
In today’s fast paced environment it’s hard to predict how technological and economic changes will affect your business. Technology Refresh is a mechanism that accommodates change in your future business needs. It gives you the freedom and flexibility to upgrade or add to your systems at any time without the worry of technology obsolescence.
…at a price you can afford
With Sun Microsystems Global Financial Services, acquiring additional technology does not have to be restricted by budgets. By applying Technology Refresh you can easily acquire technology when business needs dictate, without the restrictions of financial budgets. The case study below shows you how.
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Customer Requirement
- £600,000 of additional Sun technology required
- No further funds available
- Current quarterly payment to SMGFS is £100,000
- 8 payments made to date
- 4 payments remaining on original contract
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SMGFS Technology Refresh Solution
- Deal term extended to a total of 5 years
- Outstanding rentals spread over new 3 year term (12 payments)
- New equipment financed by ‘new spend’
- New quarterly rental remains as £100,000
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Technology Refresh enables you to grow your business – with potentially little impact on your rentals.
Case Study Assumptions:
In order to demonstrate Technology Refresh it has been assumed that in calculating the new contract:
- the Rental Payment Profile and Interest Rate used in the original contract remain unchanged
- the contract is extended for the same term as the original contract
- the Residual Value of the new equipment is the same as that of the original equipment
