Several lease alternatives are available
Lease With Option to Purchase (LWOP) — At the end of the term, you have the option to return the technology and upgrade to new equipment, renew the contract for an additional period of time at a lower monthly payment amount, or purchase the product based on fair market value. If you're seeking to maximize your agency's “go green” technology approach, a lease with the option to purchase may help you meet those best practice standards.
Lease To Ownership Plan (LTOP) — This option spreads the acquisition cost over several years. At the end of the lease, your agency owns the equipment.
There are no additional charges for setup, documentation or application. Paperwork is minimal, and HP has GSA, SEWP IV, ADMC-2 and other procurement contracts already in place. A minimum lease transaction of $50,000 or more is required. If you are procuring products through an HP authorized reseller, ask if they offer lease financing and asset management under the HP Financial Services federal leasing program.
Additionally, for commercial customers who are eligible to purchase products under HP's federal contracts, HP Financial Services offers various commercial lease products that can be tailored to specific needs.