IBM Credit Corporation announces 2.9 percent financing for entry-level AS/400 systems
Helps small businesses move to advanced e-business solutions
WHITE PLAINS, New York (April 07, 1998) – . IBM Credit Corporation today announced new, significantly below market rate financing for the IBM AS/400e* series, as part of an ongoing initiative to help small businesses compete more effectively and leverage advanced e-business applications.
IBM Credit is offering 2.9 percent** financing to eligible customers who acquire the newest entry system AS/400e models 150 or 170. These customers must be installing their first AS/400 or replacing an installed System/36 or System/38 to qualify for the new rate.
“Smaller businesses share many of the same business requirements as larger ones, including continuous availability for e-business applications,” said Jane Mowat, general manager, customer financing, IBM Credit Corporation. “Our flexible, below market rate financing makes the AS/400 entry offering more affordable for customers with smaller businesses, who can now take advantage of the platform’s outstanding performance and reliability. And, because of the cost savings, smaller businesses can leverage their extra capital to grow their companies.”
The 2.9 percent rate also applies to maintenance, software and services that customers acquire with the AS/400e. Customers can finance up to $200,000 of IBM maintenance and services and $200,000 of IBM software when installed with the qualifying AS/400. In addition, networking hardware products and personal computers can also be financed for an amount up to the value of the entry system. The low rate is valid for systems installed by September 30, 1998 and is available for 24- to 60-months terms.
With more than 500,000 systems installed worldwide, IBM AS/400 is the world’s most popular multi-user business computing platform. The IBM AS/400e series, which includes the models 150 and 170, offers small businesses leading Web technology integrated into the platform’s 64-bit RISC technology. Along with reliability, scalability, ease-of-use and low total cost of ownership, the AS/400e series offers network computing technology that’s built-in, helping to lower the implementation cost and manage e-business solutions.
The AS/400 model 150, which combines hardware and software into one easy-to-use and reliable package, offers enhanced storage capabilities and requires minimal maintenance. The model 170, which delivers outstanding price performance and growth options, is ideal for running Lotus Domino, conducting e-commerce or developing new Java*** applications. Prices start at $7995 for model 150 and $9995 for model 170.
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 http://www.financing.ibm.com.
Source: IBM