HPE
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Mehmi Financial Group helps businesses finance and lease HPE 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 HPE units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise (HPE) was formed when Hewlett-Packard separated into two public companies, HPE and HP Inc., in 2015, according to its company history. HPE focuses on servers, storage, networking and hybrid cloud.
HPE equipment
HPE ProLiant servers, storage and networking equipment are used by businesses, hospitals, schools and governments to run data centres and private clouds.
How lenders view IT infrastructure
Servers and storage have short useful lives, so lenders focus on cash flow and credit. They review the quote, including software, support and installation.
Financing HPE equipment
Fair market value leases with upgrade options suit IT infrastructure. Software and services can sometimes be included.
How HPE equipment financing works
Most HPE 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 HPE 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 HPE models with financing pages
| Model | Type | Category |
|---|---|---|
| HPE Proliant DL380 Gen10 Server | Equipment | Technology |
| HPE Proliant DL380 Gen11 Server | Equipment | Technology |
| HPE Proliant DL560 Gen11 Server | Equipment | Technology |
Tax treatment of HPE 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 HPE 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 HPE equipment
Technology: IT service firms, data-driven operations, offices and clinics upgrading systems, and technology resellers finance HPE 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 HPE 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 HPE servers?
Yes. Lenders review cash flow, credit and the quote.
When was HPE created?
HPE was formed when Hewlett-Packard split in 2015.
Can software and support be included?
Some lenders include them on the quote.
Is a lease good for servers?
Leases with upgrade options suit IT infrastructure.
Can a hospital finance a data-centre upgrade?
Yes. Lenders review the organization's financials.
Can installation be included?
Some lenders include installation services.
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