Cisco
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Mehmi Financial Group helps businesses finance and lease Cisco equipment, including technology equipment, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Cisco units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Cisco
Cisco builds enterprise networking equipment, including the Catalyst 9000 switching family for branch and campus networks. Cisco's switches are designed for performance, security and hybrid work.
Cisco equipment on our list
Our list includes Cisco Catalyst 3850 and 9000 switches, used by businesses, schools, clinics and municipalities to run their networks.
How lenders view IT equipment
Networking hardware has a short useful life and lower resale value, so lenders focus on the business's cash flow and credit. They review the quote, which often includes licences, support contracts and installation, and the business's financials.
Financing Cisco equipment
Shorter terms or fair market value leases with upgrade options suit IT equipment. Software, licences and services can sometimes be included, subject to lender approval.
How Cisco equipment financing works
Most Cisco purchases are financed with an equipment loan or a lease. A loan gives you ownership from day one, with the lender registering a security interest (PPSA in Canada, UCC in the USA). A lease keeps title with the lessor and can lower the monthly payment, with a buyout, renewal or return option at the end.
What lenders check on a Cisco technology equipment
Lenders look at the useful life of the technology, software and licensing costs, and how quickly the equipment may need upgrading. Shorter terms or upgrade options are common.
Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and age, and financial statements or tax returns for larger amounts.
See the full list of eligible equipment, compare equipment financing options, or estimate payments with the equipment financing calculator.
All Cisco models with financing pages
| Model | Type | Category |
|---|---|---|
| Cisco | Equipment | Technology |
| Cisco Catalyst 3850 Switch | Equipment | Technology |
| Cisco Catalyst 9000 Switch | Equipment | Technology |
| Cisco Nexus 9000 Switch | Equipment | Technology |
| Cisco UCS C240 M4 Server | Equipment | Technology |
| Cisco UCS C240 M7 Server | Equipment | Technology |
Tax treatment of Cisco equipment
In Canada, the CCA class depends on the asset and how it is used. Your accountant can confirm the right class. With a loan, you generally claim capital cost allowance and deduct interest. With a true operating lease, lease payments are generally deductible instead. See the CRA classes of depreciable property. In the USA, Section 179 and bonus depreciation may apply; see IRS Publication 946. Always confirm with your accountant.
End-of-term options on a Cisco lease
A $1 buyout lease is built for ownership: you keep the machine for a nominal amount at the end. A fair market value lease usually has a lower payment, and at the end you can buy the equipment at its market value, return it or upgrade. Read the return conditions, such as hour limits and wear standards, before you sign.
Who finances Cisco equipment
Technology: IT service firms, data-driven operations, offices and clinics upgrading systems, and technology resellers finance Cisco equipment to take on new work, replace aging units or add capacity.
The right structure depends on how the equipment earns money. A machine tied to a long contract can support a longer term, while seasonal work may call for skip or seasonal payments that some lenders offer.
Questions to ask the dealer or seller before you finance
- What is the exact model year, serial number and age?
- Is there a service history or recent inspection report?
- Is any warranty or extended coverage included, and does it transfer?
- Are attachments, delivery, installation and taxes itemized on the quote?
- For a private sale, is the equipment free of liens, and who will provide the bill of sale?
Insurance on financed Cisco equipment
Lenders and lessors require the equipment to be insured for its replacement or financed value, with the lender named as loss payee, before funding. Some also ask for liability coverage. Getting an insurance quote early avoids last-minute delays.
Frequently asked questions
Can I finance Cisco switches and licences together?
Some lenders include licences and support when they are on the quote.
Is a lease good for networking equipment?
Leases with upgrade options suit IT equipment with short useful lives.
What do lenders review for IT financing?
Mainly the business's cash flow, credit and the quote.
Can installation services be included?
Some lenders include installation, subject to approval.
Can a clinic or school finance a network upgrade?
Yes. Lenders review the organization's financials.
Can I finance used Cisco equipment?
Some lenders will, though most IT financing is for new equipment.
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