Dell Financial Services
Dell financial: Dell Financial Services is an online joint venture established by the Dell Computer Corporation and CIT Group Inc with the sole purpose of providing financial services to Dell clients looking to purchase off-lease equipment at affordable rates. The off lease equipment available in the Dell Financial Services (DFS) are refurbished before being sold. In addition, these equipments provide clients the opportunity to conduct business with entities that are affiliated with Dell Inc. Through the DFS website, clients can see a list of available inventories and make online orders. They can also select their preferred method of payment and track the progress of their orders.
One advantage of the DFS is that customers placing large orders can benefit from the 5 per cent discount provided. Furthermore, customers can directly make contact with DFS representatives through email or phone to inquire about their future needs. With its integrated end of lease management system, DFS can make predictions about the future availability of specific configurations. According to Dell, the main purpose of the DFS is to provide customers with high quality refurbished equipment while they are waiting for next upgrades. In addition, the refurbished equipment is designed to satisfy the needs of clients and can easily fit into their budgets.
So how does the DFS leasing work? The lease acts as an enabler, which is a budget management tool that allows Dell clients to get the technology they require immediately without waiting until the finances are ready. To reduce the cost of the equipment, DFS allows its clients to spread the value or price of the refurbished equipment over the life of the equipment. By doing this, the client gets the required equipment at very affordable rates.
The main role of the clients is to determine the exact equipment they require, and then Dell Financial Services works with them to provide various types of finance options that suit their needs. Once there is an acceptable agreement to both parties, DFS gives the equipment to the client, but maintains its ownership. The client is then required to make monthly payments and upon completion, the ownership is transferred from DFS to the client.
With the DFS, end users are able to convert large upfront costs of equipment into easy to manage payments allowing them to acquire the right technology when it is needed. In addition, clients are able to choose a financial plan that matches their budgetary and technical needs..