Feeds

IBM does financing deals for Power, storage kit

Low or no interest rates

Maximizing your infrastructure through virtualization

It's a new year and a new first quarter and a new and somewhat challenging economy in North America, and therefore IBM is offering financing deals in the United States and Canada.

Last week, Big Blue rolled out a zero per cent financing program called Fast Start Financing that, as the name suggests and as the company has done many times in the past, offers cheap financing to customers. In this case, the deal is available for those looking to acquire Power Systems servers (running any of the operating systems supported, including IBM i, AIX, and Linux) and on various storage arrays.

The Fast Start program gives customers who meet IBM's criteria a 12-month full payout lease with no interest payments over that term. Customers have to spend between $5,000 and $1m (in either American or Canadian dollars in those respective countries where the program is offered). You take the purchase price, divide by twelve, and cut Big Blue a check each month for that amount until you pay it off.

The deal can be applied to any storage array, but if you read the fine print, it cannot be applied to Power 575 (water-cooled supercomputer nodes), Power 595, Power 770, or Power 780 machines. Customers can get Fast Start financing from machines bought directly from IBM or through resellers.

There's also a bonus depreciation financing deal available in the United States, which you can get the details about here, that runs through December 31 of this year. This Bonus Depreciation Lease Rate deal has rates as low as 2.1 per cent for fair market value leases that run from 24 to 60 months and that offer deferrals of one, two, or three months. This deal can be done on equipment acquisitions as low as $5,000.

IBM has a bunch of other financing options, which you can find out about here, that may or may not apply to Power Systems but could apply to other stuff you are buying in your IT shop.

IBM has different financing units in different countries, which have different rules for the way capital equipment can be financed. IBM may not be offering this deal explicitly in Europe or Asia, but customers in those regions can probably get something close if they ask and tap their foot a little with their arms crossed. ®

The Power of One eBook: Top reasons to choose HP BladeSystem

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
SHOCK and AWS: The fall of Amazon's deflationary cloud
Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
The triumph of VVOL: Everyone's jumping into bed with VMware
'Bandwagon'? Yes, we're on it and so what, say big dogs
Carbon tax repeal won't see data centre operators cut prices
Rackspace says electricity isn't a major cost, Equinix promises 'no levy'
Disaster Recovery upstart joins DR 'as a service' gang
Quorum joins the aaS crowd with DRaaS offering
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.