IBM Credit Announces Preferred Rate Financing for 1998
WHITE PLAINS, New York (January 06, 1998) – IBM Credit Corporation today announced a Preferred Rate Financing offering to support customers who lease or finance selected IBM products with below market rates through year-end 1998.
With Preferred Rate Financing, best-credit commercial or state and local government customers in the United States who acquire IBM’s current AS/400*, Networking Systems, Point of Sale, RS/6000*, Storage Systems or selected Printing Systems products may obtain financing as low as 6.5 percent**. Best-plus credit customers will also be eligible for financing for up to $1 million of IBM software and for up to $1 million of services when financed along with qualifying hardware. The lowest rates apply on a 24- or 36-month lease or installment payment agreement. Terms are available from 24 to 60 months. Customers must install the equipment by December 31, 1998.
“Below market rate financing rates enable our customers to conserve capital, purchase more technology for a fixed monthly cost, and protect their investments against obsolescence through upgrade options,” said Curtis H. Tearte, general manager, end-user customer financing, IBM Credit. “Our Preferred Rate Financing makes it fast and easy for customers to acquire the information technology hardware, software and services they need to run their businesses, and is a key part of IBM’s ability to provide a total solution.”
Source: IBM