HP
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Mehmi Financial Group helps businesses finance and lease HP equipment, including printers, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used HP units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About HP
HP Inc. makes PCs and printers for businesses, including LaserJet commercial printers, large-format and digital production printers, and managed print services. HP Inc. and Hewlett Packard Enterprise were created when the original Hewlett-Packard split in 2015.
HP equipment
Our list includes HP business equipment such as production printers and office technology, used by print shops, offices, schools and clinics.
How lenders view office and print technology
Office technology has short useful lives, so lenders focus on the business's cash flow and credit. Production printers for print shops are reviewed against the shop's work and revenue.
Financing HP equipment
Leases with service and upgrade options are common for printers and PCs. Managed print agreements may bundle equipment and service.
How HP equipment financing works
Most HP 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 HP printer
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 HP models with financing pages
| Model | Type | Category |
|---|---|---|
| HP Inc | Equipment | Technology |
| HP (wide Format Printers) | Printer | Technology |
Tax treatment of HP 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 HP 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 HP equipment
Technology: IT service firms, data-driven operations, offices and clinics upgrading systems, and technology resellers finance HP 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 HP 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 HP production printers?
Yes. Lenders review the print shop's revenue and financials.
Can I lease HP office equipment?
Yes. Leases with service and upgrades are common.
Is HP Inc. the same as HPE?
No. They became separate companies in 2015.
Can a business finance a PC refresh?
Yes. Lenders review the business's cash flow and credit.
Can service be included?
Some leases include service and supplies.
Can a school finance HP equipment?
Yes. Lenders review the organization's financials.
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