As I mentioned in my previous EqualLogic blog(s), EqualLogic pricing has gone down over the years, allowing clients to take advantage of some great cost-per-TB solutions. But many clients have admitted that even with some very aggressive price drops, the low price still might not be enough to secure a much-needed EqualLogic SAN.
Dell’s recent product announcements (such as the Dell Enterprise Forum US) have recently revealed some very insightful and much anticipated news about solutions and financing that many clients have been waiting for for a long time. The focus of this particular blog posting will focus on the specials and incentives around the financing aspect of Dell solutions, particularly around the EqualLogic iSCSI SAN.
Through Dell Financial Services (DFS), Dell has announced two (2) leasing options: 1) 0% EqualLogic Lease Offer and 2) Power Up Lease Offer.
0% EqualLogic Lease Offer
Let’s take, for example, you decided to finance $25,000 worth of EqualLogic hardware, software (ProSupport), and installation for a 36-month Finance Lease (Ownership). Because of the 0% EqualLogic Lease option, you would see:
- Average Monthly Payment: $694
- Sum of Payments: $25,000
- Impact to Annual Budget: $8,328
- Opportunity Cost: $1,173 (what you might save on interest assuming a 3% over 36 months)
Power Up Lease Offer
Now, it gets even better…what if you wanted to take the same $25,000 EqualLogic amount and opt for a 36-month Fair Market Value Lease (Rotation). Let’s take a look at the breakdown here:
- Average Monthly Payment: $663
- Sum of Payments: $23,861
- Impact to Annual Budget: $7,956
- Opportunity Cost: $2,312 (what you might save on interest assuming a 3% over 36 months)
So, compare the above two options to a straight Net 30 Terms purchase via purchase order. Your initial cash outlay is $25,000…your sum of payments is $25,000, and your impact to your annual budget is $25,000. And did I mention the business tax advantages of leasing…? Well, talk to your accountant about that…we’re just here to share our Dell EqualLogic findings and EqualLogic pricing with you…