Lenovo
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Mehmi Financial Group helps businesses finance and lease Lenovo 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 Lenovo units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Lenovo
Lenovo acquired IBM's PC business, including ThinkPad, in 2005, according to Lenovo. It now makes business PCs, ThinkSystem servers and data-centre equipment.
Lenovo equipment
Lenovo laptops, desktops and servers are used by businesses, schools, clinics and governments.
How lenders view this equipment
IT equipment has short useful lives, so lenders focus on cash flow and credit. They review the quote, including software and support.
Financing Lenovo equipment
Leases with upgrade options suit PCs and servers. Software and services can sometimes be included.
How Lenovo equipment financing works
Most Lenovo 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 Lenovo 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 Lenovo models with financing pages
| Model | Type | Category |
|---|---|---|
| Lenovo | Equipment | Technology |
| Lenovo Thinksystem SR850 Server | Equipment | Technology |
Tax treatment of Lenovo 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 Lenovo 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 Lenovo equipment
Technology: IT service firms, data-driven operations, offices and clinics upgrading systems, and technology resellers finance Lenovo 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 Lenovo 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 a Lenovo PC refresh?
Yes. Lenders review your cash flow and credit.
Did Lenovo buy IBM's PC business?
Yes, in 2005.
Can I finance Lenovo servers?
Yes. Lenders review the quote and financials.
Is a lease good for PCs?
Leases with upgrade options suit IT.
Can software be included?
Some lenders include software and support.
Can a school finance Lenovo equipment?
Yes. Lenders review the organization's financials.
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