DELL FINANCIAL - Services


Dell Financial Services also known as DFS is a vendor program created by Dell Inc in conjunction with CIT Group, a leading consumer and finance company that has worldwide operations. With a wide global reach, the partnership between these two organizations enables them to reach more clients and directly integrate their services with the demands and requirements of Dell clients. Through its DFS website, Dell provides a platform whereby its clients can purchase refurbished IT equipments at an affordable price. The main purpose of DFS is to provide its clients with the technology they require today at affordable rates that allow them to minimize their overall operating costs. DFS incorporates various programs that are designed to make clients acquire the required technology much easier and at a favorable price. In addition, clients can chose various plans such as the rotation program that enables them to benefit from cost savings, productivity gains as well as enhanced security measures. In general, clients who decide to use the DFS to acquire the required IT infrastructure take part in a lease enabled rotation program that allows them to own IT equipment without having to buy them outright. Under the lease program, Dell clients benefit from a budget management tool that enables them to acquire any technology they need without having to wait for the finances. This is because the rotation program allows them to spread the cost of the IT equipment over a specific period. The DFS gives the client the equipment who after making final payments becomes the sole owner of the equipment. By using the DFS program, Dell clients are able to acquire the specific IT infrastructure that the business needs at an affordable cost. In addition, DFS allows for easier and flexible management of IT equipment during its lifetime - from refreshing it, to disposing it in a cost effective and environmentally safe manner when it is no longer useful. DFS offers several leasing rotation plans to its clients. For instance, the Fair Market Value plan is designed for clients who require state-of-the art technology immediately but want to rotate it after 2 years. There is also the Deferred Payment plan that targets customers looking for IT equipment today but want to make payments later, usually within 2 to four months. The benefit of this plan is that customers are able to acquire IT equipment and at the same time preserve their cash flows.