HP Helps Businesses Maintain a Competitive Advantage with New Incentive Programs
PALO ALTO, Calif., HP today announced zero percent(1) financing promotions that make it easy and affordable for small and midsize businesses to deploy world-class technology to meet their needs.
Offered through HP Financial Services, the company’s asset management services and leasing subsidiary, the new promotions provide businesses the choice to either lease or own products. Businesses can choose the offer that best suits their needs to invest in new technology and maintain cash flow. This includes:
* 12-month lease with a $1 purchase option; or
* 36-month lease with fair market value purchase option.
Businesses in the United States and Canada can take advantage of both offers through April 30. In the United States, businesses can finance between $1,500 and $150,000 worth of products from HP’s broad portfolio. Canadian businesses can finance products ranging from CDN$5,000 to CDN$150,000. Complete details for both offers are available at www.hp.com/go/totalfinancing.
HP Financial Services helps customers change the economics of IT by delivering a full range of leasing, financing and life cycle asset management services.
“As demands shift and available resources fluctuate, companies require the right technology to stay efficient, competitive and profitable,” said Tom Adams, vice president and managing director – the Americas, HP Financial Services. “Leasing helps business customers keep their technology up to date and make the most of their IT budgets.”
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP (NYSE: HPQ) is available at http://www.hp.com/.
(1) Financing available through Hewlett-Packard Financial Services Company (HPFSC) to qualified commercial customers in the United States and Canada and is subject to credit approval and execution of standard HPFSC documentation. Offer valid through April 30, 2010 on transactions in the United States between $1,500 USD and $150,000 USD and in Canada between $5,000 CAD and $150,000 CAD. For U.S. Federal customers, a minimum transaction size of $50,000 applies. Twelve-month, zero percent financing assumes transaction is documented as a lease with a $1 (or local currency equivalent) end-of-term purchase option. Thirty-six month, zero percent financing is an implicit lease rate, assuming lessee does not exercise a fair market value purchase option at the end of the lease term and timely returns the leased equipment to HPFSC. Other charges, include taxes, fees and shipping charges, may apply. Not all HP products are eligible for zero percent lease rate. Not all customers may qualify for these rates. Other restrictions may apply. HPFSC reserves the right to change or cancel this program at any time without notice.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected operational and financial results; and other risks that are described in HP’s filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2009. HP assumes no obligation and does not intend to update these forward-looking statements.
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