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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.
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