IBM Credit Announces 90-day Deferral Option on IBM Networking and Selected Tape Library Solutions
WHITE PLAINS, New York (March 02, 1998) – IBM Credit Corporation today announced two deferred payment plans for customers to acquire IBM’s latest networking hardware and tape library storage systems now and begin payments 90 days from the date of installation.
The deferrals — which, unlike most plans, do not result in higher monthly payments — are combined with IBM Credit’s attractive Preferred Rate Financing (PRF) offering with rates as low as 6.5 percent.
The Networking Systems 90-Day Deferral is available to customers in the United States who qualify for the best rates and install any eligible networking equipment, including the Nways Multinetwork Controller and Optical Wave Length Multiplexer, and finance it with IBM Credit by March 31, 1998. State and local government customers, as well as commercial customers, can participate. The minimum term is 24 months after the deferral period.
The Quick Start ? Deferral is available to customers in the United States who qualify for the best rates and who install eligible storage products, including the Virtual Tape Server and Silo** compatible Magstar tape models, and finance them with IBM Credit before June 30, 1998. State and local government customers, as well as commercial customers, can participate. The minimum term is 48 months after the deferral period.
Qualified customers will be able to take advantage of IBM Credit’s PRF offering. PRF provides financing or leasing rates as low as 6.5 percent on 24- to 36-month terms and 7.5 percent on 37- to 60-month terms for best-credit qualified customers in the U.S. who install individual IBM products by December 31, 1998.
IBM Credit Corporation is a wholly owned subsidiary of IBM Corporation, offering businesses of all sizes leasing, financing and a broad array of asset management services for acquiring and managing IT products and services from IBM and other vendors. IBM Credit offers working capital financing for remarketers. IBM Credit is part of IBM Global Financing, which provides customers with financial services in 42 countries worldwide. Visit the IBM Global Financing home page at www.financing.ibm.com
Source: IBM