Commentary
1/29/2010
04:09 PM
Jake Widman
Jake Widman
Commentary

HP Extends Financing Plans

SMBs can get 0% lease financing on HP products for either 12-month or 36-month terms, with an option to purchase at the end of the lease. Both programs go into effect on Monday, February 1..



SMBs can get 0% lease financing on HP products for either 12-month or 36-month terms, with an option to purchase at the end of the lease. Both programs go into effect on Monday, February 1..The 12-month plan offers qualified buyers a 0% lease rate on transactions costing between $1,500 and $150,000 (in Canada, $5,000 to $150,000 CAD), with an option to buy the equipment for $1 when the lease is up. The 36-month plan has the same rate and covers the same transaction amounts, but has a fair-market-value purchase option at the end. Both have been offered for awhile and have been extended for at least one quarter past their original termination date of January 31.

As you might expect, the 12-month plan carries a higher monthly charge than the 36-month plan and is more suited to businesses that know going in that they ultimately want to own the equipment. At the end of the 36-month plan, customers have the option to purchase the equipment at market value, extend their lease, or upgrade the equipment to newer technology.

The offer covers all sorts of HP equipment, including PCs and workstations, printers and scanners, ProLiant and Integrity servers, assorted storage options, and ProCurve Networking. The program does not cover "soft" services, printer supplies, digital presses, Halo telepresence systems, or shipping.

Other offers in effect include a 90-day payment deferral for transactions over $3,000; and a "pay as you grow" option for transactions over $150,000, by which lease payments increase after the first year. More information is available at the HP website.

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