Microsoft Financing: FAQ’sOn This PageQ - What products and services can I finance?A - You can finance Microsoft software, services and third party software and hardware, just as long as there’s at least one Microsoft component in the contract. Q - What types of finance does Microsoft Financing provide?A - Microsoft Financing offers two types of finance - commercial loans and finance leases. There are no unscheduled end-of-lease residual values to pay or hidden charges, nor the extra fees or administrative expenses that you might expect from a bank or other finance lenders. What’s more, where needed we are happy to customise the finance solution to meet the specific needs of your business. Q - If I have been trading for less than two years can I still apply for a Microsoft Financing loan or lease?A - Typically, we look for a minimum time in business of 2 years trading. However, we understand that each customer’s situation can be unique so will look at each application on a case by case basis before arriving at a credit decision. Q - Are there any restrictions on the licensing if I use Microsoft Financing to purchase it?A - No, you can use the software as if your business had paid cash. Q - Are there any hidden charges?A - No, all costs are known upfront and there are no additional charges at the end of the agreement unless specified. Q - What are the interest rates?A - Our competitive interest rates are based on the term and size of the contract - your Microsoft Partner will be able to help you choose the best options for your organisation. Q - What are the payment terms?A - Your agreement can run from 24 to 60 months. Microsoft Financing will work with you to customise your payments. Q - How is a credit decision made on my finance application?A - Credit approval is based on a number of variables, including a customer’s prior performance in servicing its debt. Each credit decision is made on a case-by-case basis. Q - Will I need to pay a deposit or down payment?A - No, a deposit or down payment is not typically required. Q - What sums of money can you provide for IT solutions?A - Transaction sizes can range from £1,000 (excluding VAT) up to a global deployment. Q - I am a home user. Do I qualify?A - No, Microsoft Financing is for businesses only. Q - How long does it take for financing applications to be approved?A - After the completed application and any associated documents are received, a credit decision will be communicated on the same or next business day. Larger deals often require more time for approval. |
|
