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Product Details
Sprint offers various financing
options for renting and leasing. Your Sprint Representative
will help you find the option that is best suited for
your business. The financing products available are:
GE Capital Solutions
TelImagine Technology Plan
GE Capital Solutions
This section provides information about GE Capital
Solutions, the leasing plan offered through Sprint.
What Are the Lease Options?
How Will GE Capital Solutions Benefit
My Business?
What Are the Lease Options?
- Fair market value (FMV) lease. With this
option, you're not considered the owner, but the equipment
depreciates over time. This means your monthly payments
are lower since you only pay for what you use instead
of the entire value of the equipment. When your lease
is up, you can return the equipment, continue to lease
it month by month, or purchase it at fair market value.
This lease is a good choice if you're not sure you
want to own the equipment at the end of the term or
if you're looking for the lowest payment. This lease
can be bundled with Sprint CenturionSM
maintenance.
- $1 buyout lease. You own the equipment, make
monthly payments, and can generally enjoy tax benefits
such as interest deductions and depreciation. When
your lease is up, you pay a $1 buyout and the equipment
is yours with no further obligation. This lease is
very similar to a loan and is a good choice if you
want to purchase the equipment at the end of the lease
term. This lease can be bundled with Sprint Centurion
maintenance.
- Specialized financing. These are customized
leases that are designed to meet your individual equipment,
cash and tax planning needs. They can include features
such as skipping payments at certain times of the
year, lower payments at the beginning of the lease,
and deferred or graduated payment plans that match
installation periods. This lease is a good choice
if you need flexible payment options and are considering
buying the equipment at the end of the lease term.
- TechFresh. TechFresh is a family of
financing options that:
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Covers data communication equipment from $25,000
to $750,000 on a fair market value purchase option
lease only. TechFresh is not available
with other lease options.
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Offers a refresh window at month 24, which gives
you the option to "refresh" (or renew)
your lease and begin a new 36-month agreement.
Your payment depends on the dollar amount that
you refresh - if you refresh the same dollar amount
as the original transaction, your payment remains
the same; if you refresh less than the original
amount, your payment may go down; and if you refresh
for a greater dollar amount, your payment goes
up.
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With TechFresh, you get:
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Low, fixed monthly payments that are easy to
budget.
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Flexibility to refresh technology as your business
needs change.
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Possible operating lease consideration. This
means you can treat your payment as an expense
instead of capital outlay. You have nothing to
depreciate, and there are no assets on your books,
so there aren't any book losses when you need
to upgrade.
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Streamlined process to add capacity.
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How Will GE Capital Solutions Benefit
My Business?
With GE Capital Solutions, you can:
- Enjoy easy, flexible financing. You can choose
billing cycles and lease options that are the most
convenient for you.
- Make low monthly payments. With low, fixed
monthly payments, you know exactly how much to budget
for each month.
- Have additional source of capital available.
GE Capital Solutions won't replace or restrict
your ability to use cash or bank loans for other purchases.
You end up with diverse funding sources, maximum flexibility
and protection from unforeseen circumstances.
- Forget about obsolescence. With Obsolescence
Protection Plus, you can switch to the latest product
when your lease expires, or upgrade during the lease
with generous trade-in credits.
- Take advantage of tax and accounting benefits.
Many leases let you keep the equipment off the
balance sheet, which means you can treat it as a tax-deductible
expense instead of a capital expenditure.
- Hedge against inflation. Fixed-rate pricing
protects you against inflation and allows you to acquire
systems today with tomorrow's dollars.
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TelImagine Technology Plan
This section provides an overview of the TelImagine
Technology Plan, the rental option available through
Sprint.
What is the TelImagine
Technology Plan?
How Will the Plan Benefit
My Business?
What is the TelImagine
Technology Plan?
This plan is a rental program that offers a three-
to five-year contract, depending on the type of equipment
you are interested in renting. With this plan, TelImagine
purchases equipment from Sprint and then rents the equipment
to you.
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How Will the Plan Benefit
My Business?
With the TelImagine Technology Plan, you can:
- Reap tax benefits. Your payments are designed
to be 100 percent tax deductible as an operating expense.
- Opt to renew. You can renew your contract
for up to 36 months and a 25 percent reduction in
the then-current payment, while retaining the same
benefits as in the original contract.
- Enjoy a fixed monthly charge. You pay a fixed
monthly charge so there won't be any surprises each
month, which means you can forecast your budget more
accurately.
- Add equipment without worrying about inflation.
You can add certain equipment at the fixed rental
rates stated in your contract, which lets you avoid
inflation and interest rate risks.
- Preserve your capital. You enjoy treatment
off the balance sheet as an operating lease under
FASB 13 so you can preserve your cash and credit lines.
Consult your tax advisor about your eligibility for
treatment off the balance sheet.
- Forget about maintenance. Sprint CenturionSM
Service guarantees complete installation, warranty
and maintenance service for the term of your contract,
avoiding the risk of service delays and rising prices
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