Technology Refresh is an exchange solution which allows the Lessee to ‘swap’ a pre-defined percentage of the original equipment on lease for the latest Fujitsu technology. By regularly exchanging the leased equipment Lessees can keep up with their ever changing business needs from their technology, as well as eliminating the need to dispose of any obsolete equipment.
Technology Refresh can be applied to both a Finance Lease and an Operating Lease. The equipment can be upgraded or exchanged at any time during the lease period, and the further into the lease, the higher the percentage of equipment which can be exchanged for new. The new and retained equipment are contracted on to a new lease agreement with a term equal to that of the original agreement.
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