How lease renewal works

Out with Old - In with New

Renewable flexible leases are vital for businesses that want to keep updating their equipment. Staying on top of technological advances is key to keeping up with and getting ahead of your competitors.

Similar to a mobile phone contract, when the lease nears its end, businesses can choose to renew their contracts to get something new and keep their old equipment too, or they could walk away.

Want to learn more? Read on to find out exactly how HardSoft’s lease renewal works.

How does it work?

Once you take out a lease with us, you have the option of renewing. This allows you to keep all of your equipment – the remaining rental payments will be included in the cost of the renewal. If you’d rather, you can even sell your old equipment.

Most businesses choose to renew because they require brand new equipment or want to move to a different platform, e.g. from PC to Mac. However, it’s worth bearing in mind that renewal options are hardware specific, because the lifecycle of each product varies so much.

If you choose to cancel, then you will need to pay a one-off charge of £1 at the end of your lease to keep the equipment. Alternatively, we will come and take the old hardware away and dispose of it for you.

What are my options?

With our renewal option, you can refresh your equipment every two years, but to give you a better idea of how flexible our leasing really is, here are a few examples of clients we’ve recently helped:

Refresh your equipment for just £1 more

A food import and export company based in London leased its server from us back in 2011. It was almost out of warranty and the lease for the company’s two Lenovo laptops were also up for renewal. The combined monthly cost for the two leases was £207.50 + VAT per month. We offered the firm two new Lenovo laptops on renewal, complete with Microsoft Office 2013 Home and Business, a new HP ProLiant Server and full on-site installation and setup by one of our engineers.

The new monthly cost worked out at £208.50 + VAT per month, so for just £1 extra, the business received all brand new equipment, whilst keeping its existing hardware from the previous lease.

Upgrade to better, faster, stronger equipment – for no extra cost

A graphics design agency in Manchester leased two 27” iMacs from HardSoft in September 2012. It renewed after 24 months and decided to return its old iMacs. We then replaced them with iMacs with 5K Retina displays, which are better and faster than the firm’s old computers, at the same monthly cost as part of a new three year lease.

Prepare to be amazed

Another business we recently helped was a solicitors’ practice in Kent. It leased six HP PCs from us in January 2013, and later decided it wanted to keep the old computers as well as take on six additional machines.

Originally, the firm was paying £154 a month, and for just £157 plus VAT a month, we were able to provide it with six HP ProDesk 400 i5 PCs with 22” monitors and Microsoft Office 2013 Home and Business. The firm was astounded that it could lease six brand new machines and keep the old equipment for just £3 a month extra!

If you want to ensure your equipment is always up to date, a lease renewal really is a no-brainer. HardSoft has more than 30 years’ experience within the industry, so no matter what your needs are, we’ll find the right solution for you.

If you’re interested in leasing with usFLEXI HOW IT WORKS, please don’t hesitate to give us a call on 020 7111 1643, or drop us an email at sales@hardsoft.co.uk.

 

 

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