What is a lease?
In simple terms, a lease is a contractual arrangement between the lessee (the customer) and the lessor (HP Financial Services). We purchase the equipment from your supplier of choice and lease it to the lessee for a fixed, regular payment. Generally, there are two different types of leases: a true lease and a finance lease.
Can I cancel a lease agreement?
No, a lease is non-cancelable. However, HP Financial Services will work closely with customers to ensure their needs are met with flexible early buy-out, add-on, or technology refresh options.
When do payments start?
Typically, regular lease payments start 30 days after the lease documentation is completed. To meet the unique needs of larger customers, we can tailor invoice formats and payment schedules.
Do I need to insure the equipment?
HP Financial Services leases require that customers insure equipment for its full replacement value and that proof of such insurance be provided.
Can I upgrade or add on to my leased equipment?
In most cases, yes. This is one of the key benefits of leasing through a captive finance company. Our goal is to provide the HP solution you need, when you need it.
Can the leased equipment be moved?
Yes, with written notice.
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