Pure Storage
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Mehmi Financial Group helps businesses finance and lease Pure Storage 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 Pure Storage units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Pure Storage
Pure Storage was founded in 2009 by John Colgrove and John Hayes, according to its company profile, which now lists the company as Everpure. It is headquartered in Santa Clara, California and built its business on all-flash storage, according to Umbrex.
Pure Storage equipment
Pure Storage FlashArray and FlashBlade systems are used for databases, virtualization, analytics and backup.
What lenders look at
Storage deals are underwritten mainly on the buyer's credit and cash flow, with the quote covering hardware, subscriptions and support.
Financing Pure Storage equipment
Many buyers choose leases or subscriptions that let them upgrade controllers over time.
How Pure Storage equipment financing works
Most Pure Storage 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 Pure Storage 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 Pure Storage models with financing pages
| Model | Type | Category |
|---|---|---|
| Pure Storage | Equipment | Technology |
| Pure Storage Flasharray C60 | Equipment | Technology |
Tax treatment of Pure Storage 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 Pure Storage 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 Pure Storage equipment
Technology: IT service firms, data-driven operations, offices and clinics upgrading systems, and technology resellers finance Pure Storage 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 Pure Storage 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 Pure Storage arrays?
Yes. Lenders review credit, cash flow and the quote.
When was Pure Storage founded?
In 2009.
Can subscriptions be included?
Some lenders include them.
Is a lease good for storage?
Yes, it supports upgrades.
Where is Pure Storage based?
Santa Clara, California.
Can installation be included?
Some lenders include it.
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