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Office Depot Offers Options During 'Tough Economy'

April 21, 2008

Office Depot announced the launch of a new office equipment and furniture leasing option for small business customers in North America. The new SmartWayLeasing service, delivered in partnership with specialist international leasing business ThinkSmart, is currently available in select Office Depot retail store locations in the Greater Tampa-St. Petersburg, Florida area, with nationwide expansion expected during the year. SmartWayLeasing from Office Depot is the first small business product leasing solution available through an Office Supply Superstore.

Office Depot's SmartWayLeasing enables small businesses to save thousands of dollars of upfront expenses by providing them with the option to lease office equipment, including computers, peripherals and office furniture. Customers can select from a three or four year term and can choose from a wide variety of equipment ranging in price from $500 to $10,000. At the end of the lease term, the customer has the option to either renew the current lease, return the equipment, or upgrade to new equipment.

"Small businesses are facing many challenges with the current economic environment, and the new SmartWayLeasing option from Office Depot will help to provide these customers with the flexibility needed to stretch their equipment budgets further," said Chuck Rubin, President of North American Retail for Office Depot. "Small business growth is a critical component that fuels today's economy and Office Depot understands the small business customer better than anyone. That's why we continue to look for new and innovative ways to partner with our customers and help them to succeed."

Small businesses can also include important core supplies such as ink, toner and paper as part of their SmartWayLeasing plan.

Approval takes place directly at Office Depot retail locations, with most approvals taking less than 10 minutes. Customers can take in-stock merchandise with them the same day, with the exception of large items such as furniture that can be scheduled for delivery.

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