Science & Technology
Science and Technology
Science and Technology
Thu, January 29, 2009 HP Helps Small Businesses Survive and Thrive with Zero Percent Financing Promotions
PALO ALTO, Calif.--([ BUSINESS WIRE ])--HP (NYSE:HPQ) today announced zero percent financing promotions that make it simple and affordable for small businesses to continue investing in the technology that can help them increase efficiency and grow their businesses.
Offered through [ HP Financial Services ], the company's asset management services and leasing subsidiary, the two promotions provide customers the choice to either lease or own products.
The zero percent 12-month promotion plan allows small businesses to invest in new technology while managing cash flow. At the end of the 12-month term, the equipment can be purchased for one dollar. The zero percent 36-month lease offer provides a fair market value purchase option at the end of the lease term.(1)
Both financing plans allow customers in the United States to finance between $1,500 and $150,000 worth of products from HP's broad portfolio. Canadian customers can finance from CDN$5,000 to CDN$150,000 worth of products. Available through April 30, 2009, in the United States and Canada, full details for both offers are available at [ www.hp.com/go/totalfinancing ].
"History has shown that companies that continue to invest in their business during economic downturns are the leaders who emerge when times get better," said Fred Bullock, vice president, Marketing, Personal Systems Group – Americas, HP. "These offers allow customers to invest in technology that can grow their business while minding their budget and freeing up capital."
"HP Financial Services has made it possible for us to stay aggressively competitive and quickly deliver high-quality games to our customers," said Michael Athey, director of IT for Gearbox Software, a company that develops big-budget video games. "We need cutting-edge workstations to do our job, and HP tailors our leasing package so we can focus on our work instead of financial details."
HP Financial Services provides comprehensive leasing and refresh packages, along with smart payment plans, that give small businesses the flexibility to rapidly upgrade technology to keep up with their competition and save money. [ HP Total Financing ] is part of the HP Total Care portfolio of software, services, solutions and support that helps small businesses get more value and results throughout the life of their technology. It provides access to world-class technology while simultaneously keeping an eye on the bottom line.
More information on other offers and services is available at [ http://www.hp.com/hpfinancialservices ].
Additionally, HP released a short, humorous video highlighting its ability to cater to small business financing needs as part of the [ Life Without HP Video Series ].
About HP
HP, the world's largest technology company, simplifies the technology experience for consumers and businesses with a portfolio that spans printing, personal computing, software, services and IT infrastructure. More information about HP is available at [ http://www.hp.com ].
Note to editors: More news from HP, including links to RSS feeds, is available at [ http://www.hp.com/hpinfo/newsroom/ ].
(1) Financing available through Hewlett-Packard Financial Services Company and its subsidiaries (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, 2009, on transactions in the United States between US$1,500 and US$150,000 and in Canada between CDN$5,000 and CDN$150,000. Twelve-month, 0% lease rate factor assumes transaction is documented as a lease with a $1 (or local currency equivalent) end-of-term purchase option, assuming lessee is not required to pay any nominal end-of-term purchase price at the end of the lease term and disregarding any charges payable by lessee other than rent payments. Thirty-six month, 0% 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 0% 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.
© 2009 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
