HP extends financial offerings

Extension to HP Packaged Financing Program to help companies upgrade solutions

Tags: FinanceHewlett-Packard CompanyServers
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HP extends financial offerings HP's new financial solutions are intended to help organisations to transition to modern infrastructure.
By  Mark Sutton Published  November 20, 2010

HP Financial Services has announced the extension of its HP Packaged Financing Program, to offer companies more flexibility and more options to finance technology upgrades.

The company is now offering customers a range of finance programs to give organizations access to new technology such as HP ProLiant servers, HP Integrity servers or HP Superdome 2 as well as to HP StorageWorks and Networking products.

The program has now been extended to allow customers that buy through the program to access a longer transition period to deploy new technology. Customers can defer payments on new HP server, storage, networking and software solutions for up to 90 days, and then choose to opt for low monthly lease payments over the next 36 months. At the end of the lease, customers may return the equipment and upgrade to the latest technology with a new lease, keep their current equipment by extending the lease, or choose to purchase the technology

HP Financial Services is also offering Transition leases, where customers can transition to newer IT equipment launched during the lease term; asset recovery services, to dispose of old or unwanted systems; sale lease back, where HP will buy the customer's owned IT assets and lease them back to customer, while providing a timeline and plan for adoption of new solutions; pay per use for Superdome 2 and Integrity servers, to give real-time access to mission-critical computing while paying only for the server capacities they use, or short term rental agreements, to rent a Superdome 1 system for up to 12 months at only 50% of the normal rate, and in parallel the customers can transition to a Superdome 2 system, which they can buy or lease.

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