HP Offers Two New Deferred Payment Leasing Options for Business Customers
Financing promotions include PCs, server, printers, networking gear.
Hewlett Packard Co. recently offered two new leasing options for business customers for a wide range of its computer equipment, one for transactions exceeding $250,000 and another to defer payments for 90 days.
The financing promotions, which are available to business customers in North America through the vendor’s Financial Services arm, are framed on deferred payments. The “1-2-3 Deferral” and “90 Day Deferral” and have been positioned as useful for clients to conserve capital expenditures. The offer runs through January 31, 2012.
Equipment eligible under the offers include HP PCs, workstations, thin clients, servers, blades, monitors, point-of-sale systems, thin clients, printers and associated gear, data and server storage, networking hardware and certain software and appliances.
Under the “1-2-3 Deferral” offer, which applies to transactions greater than $250,000 and is structured as a 36-month step lease, financing starts at one percent of original equipment cost (OEC) for one to three month leases, increases to 2 percent of OEC for four to six months and to 3 percent of OEC for seven to 36-month leases. At the conclusion of the lease period, customers may buy the equipment at fair market value.
With the “90 Day Deferral” promotion, intended for transactions of at least $1,500, business customers can postpone payments for an initial 90 days followed by a 36-month lease term. The offer applies only to HP solutions.