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Technology
Refresh Facility -
Upgrading Your Equipment
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At
any time during the life of the rental agreement you will
be able to take advantage of an upgrade allowance. This
means that, subject to acceptance, you will be able to add
or upgrade a pre-determined amount of hardware and software,
without an increase in the monthly or quarterly rental.
The percentage of product upgrade is illustrated in the table
below:
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No.
of Monthly rentals paid
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3
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6
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9
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12
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15
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18
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21
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24
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27
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30
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33
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36
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39
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42
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45
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48
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51
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54
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57
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No.
of Quarterly rentals paid
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1
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2
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3
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4
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5
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6
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7
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8
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9
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10
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11
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12
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13
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14
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15
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16
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17
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18
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19
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5
year Agreement
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0%
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0%
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3%
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8%
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13%
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18%
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23%
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28%
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34%
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39%
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45%
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50%
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56%
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62%
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68%
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74%
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80%
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86%
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93%
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4
year Agreement
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0%
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3%
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9%
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15%
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22%
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28%
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35%
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41%
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48%
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55%
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62%
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69%
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77%
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84%
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92%
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3
year Agreement
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1%
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9%
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18%
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26%
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34%
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43%
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52%
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61%
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71%
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80%
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90%
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The
upgrade allowance is calculated by taking the monthly or quarterly
rental payment from your agreement and multiplying it by a
percentage determined by the table above. For example:
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Example
1
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Quarterly
Payment
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£5,000
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After
6 quarters paid on a 4 year agreement your Upgrade Allowance
would be:
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Upgrade
Allowance
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28%
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28%
of £5,000
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£1,400
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New
Equipment of a value equivalent to a quarterly rental
payment of £1,400 could therefore be installed
with no increase in the quarterly rental payment.
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Example
2
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Monthly
Payment
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£3,000
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After
21 Months paid on a 3 year agreement you Upgrade Allowance
would be:
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Upgrade
Allowance
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52%
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52%
of £3,000
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£1,560
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New
Equipment of a value equivalent to a monthly rental
payment of £1,560 could therefore be installed
with no increase in the monthly payment rental payment.
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The
upgraded agreement is contracted for a term equivalent to
the existing agreement. If additional equipment is required
above the value of the Upgrade Allowance this can be added
to the agreement.
Please
contact
us
to discuss any of the above, we will be happy to supply you
with a quote free of charge.
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