0% interest for 12 months
Yes – that’s right, 0% financing on purchases of IBM equipment for 12 months subject to approval. As long as the purchase is over £5,000 and under £640,000 this could be a fantastic way to smooth the payments for your new purchase over the next four quarters.
- Offer applies to IBM Hardware and IBM Software (50% new licences)
- 12-month contract equates to 4 quarterly payments, monthly option available
- Credit conditions apply
- 0% over 2yrs and 3yrs on selected software
0% over 24 months on the new POWER 8 and 7+
IBM Global Financing offers credit qualified customers 24 months financing at 0% interest free rate for select Power Systems servers including systems software and systems software maintenance.
- Available on new POWER8 and POWER7+
- Also available on associated V3000 / V5000 / V7000 storage
- Standard structure is 8 quarterly payments, monthly is available
- Includes maintenance from IBM (option to exclude), deals up to £640,000
Working in partnership with IBM Global Financing (IGF), Recarta IT can offer clients a comprehensive portfolio of flexible financing services for your IT investment. IGF is one of the world’s leading providers of multi-vendor financing and includes offerings for stand-alone acquisitions through to entire business transformation projects.
Finance solutions can be offered to cover the costs of hardware, software, services and non-IBM products. Recarta IT is an approved agent for IBM Global Financing and can give you many options to help finance your next project.
If any of these financing options are of interest please contact our sales team. On most occasions we can give indicative financing quotes, and run a credit check whilst you are on the telephone! Call us to discuss on 0844 800 7821.
The various financing types explained:
Financing Available on All IBM & Non-IBM Hardware, Software & IT Services (credit conditions apply)
Finance Lease (FPO)
Finance lease gives the customer 99% ownership at the end of the lease period, or the option to continue the lease at a ‘peppercorn’ charge:
End of term options: At the end of the 3 year lease the customer may either:
(i) Continue the lease at a ‘peppercorn’ charge of 1.5% of the original equipment cost per annum, or;
(ii) Sell the hardware to a third party and keep 99% of the sale proceeds. or;
(iii) Return the equipment to IGF
Lease Purchase (LPO)
Once the final payment has been received by IGF, the customer would have full legal title to the equipment. They would account for the equipment in the same way as they would for a cash purchase. The entire VAT element is payable on lease commencement.
Here a residual value is assumed on the hardware at the end of the lease, hence the lease payments over the 3 year term are lower than for the equivalent Finance lease.
At the end of the 3 year lease the customer may choose from the following options:
(i) Hand back the equipment to IBM with no further lease payment or obligation, or;
(ii) Pay the residual value element assumed in the lease (based on the fair market value of the equipment at the end of the lease) and then either continue the lease at a small annual ‘peppercorn’ fee or sell the equipment to a third party and keep 99% of any sale proceeds, or;
(iii) Continue the lease at a reduced quarterly renewal cost based on the fair market value at the end of the lease.
Customer takes ownership from Day One.
– See more at: https://www.recarta.co.uk/0-finance-offer#sthash.TyqGjQmk.dpuf