HP ROLLS OUT 0% FINANCING FOR SMB's

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HP ROLLS OUT 0% FINANCING FOR SMB's

 user 2010-02-08 at 10:22:56 am Views: 58
  • #23459

    http://www.itchannelplanet.com/smallbusiness_news/article.php/3862206/HP+Rolls+Out+Zero+Percent+Financing+Options+for+SM.htm
    HP ROLLS OUT 0% FINANCING FOR SMB’s
    Vendor tries to spark SMB buying, follows similar offer from
    rival Cisco.
    Hewlett-Packard Co. said that for the next three months
    it will offer zero percent financing to SMBs through two promotions
    aimed at sparking additional sales from that segment.

    The company
    said that its zero percent offers, which are available in North America
    through April 30, include a 12-month lease with a $1 purchase option or
    a 36-month lease with fair market value option to buy.HP’s zero percent
    financing deal follows a similar one initiated last week by Cisco
    Systems Inc.

    Cisco is offering zero percent financing for
    36-months on purchases of the vendor’s entire lineup of hardware,
    software and services ranging from $1,000 to $250,000 made through July
    31, 2010.By comparison, HP’s promotion extends for a shorter period of
    time than Cisco’s and has some limitations on eligible products.

    An
    HP official said that its promotion is intended to prompt technology
    purchases from budget-compromised SMBs.“As demands shift and available
    resources fluctuate, companies require the right technology to stay
    efficient, competitive and profitable,” said Tom Adams, HP financial
    services vice president and managing director.“Leasing helps business
    customers keep their technology up to date and make the most of their IT
    budgets,” he said.Both of HP’s zero percent financing offers are for
    transactions between $1,500 and $150,000 in the U.S. and $5,000 and
    $150,000 in Canada.

    Eligible equipment includes laptops,
    desktops, workstations, monitors, printers, scanners, industry standard
    servers and blades, business critical servers, ProCurve networking and
    certain storage products.Some printing supplies such as ink, toner and
    paper are not eligible for the special financing promotions nor are Care
    Pack Services, shipping and software.