Cisco Easy Lease Offer Headed to U.S.?
Cisco Systems Inc. is dropping some hints that extensions to its Easy Lease end user financing program currently running in Europe might soon be headed for the U.S. market.
In an online video posted last week, Maryann von Seggern, Cisco Capital director of worldwide channels development, said that an Easy Lease promotion in Europe--in which the vendor doubled the size of the offer and expanded the coverage, while eliminating limitations--might be headed to the U.S. shortly.
In describing that offer, von Seggern said, "Cisco has doubled down on its investment. It is now available across all segments, all products, up to 250,000 Euros."
The offer to which von Seggern refers is Cisco's zero percent, 36-month financing deal running through July 2010 that requires a minimum purchase of 1,000 Euros and a combination of the vendor's gear adding up to 70 percent of the total solution, with its hardware accounting for 10 percent of the installation.
"The uptick on it has been significant. In fact, we're going to see in short order something coming from the U.S.," von Seggern said.
Outside the U.S., Cisco channel financing is available to one-tier channel partners only. Service providers are not eligible to participate in the program.