IBM unveils zero percent finance offer on servers

Hoping to boost its fourth-quarter sales, IBM announced a zero percent financing program for purchases of Intel-based xSeries servers.

The offer, which covers sales totaling US$5,000 to $500,000, applies to orders shipped through Dec. 31 and installed by Jan. 31, the company said. The no-finance-charge offer, which can also include ThinkPad laptops, IntelliStation and NetVista workstations and peripherals, must be done through IBM or one of its authorized business partners in the U.S.

Equipment can be financed over a maximum of 24 months.

Bill Doscas, vice president of IBM's global sales and marketing, said that despite tight economic times for many companies, some customers are "still looking to invest in technologies, and this is a way for them to do it."

This is the first time IBM has offered zero percent financing on xServers in the U.S., he said.

"These financial offerings help IBM ... and help our customers deploy technology faster," he said.

IBM and Compaq Computer Corp. offered other financing sweeteners last month. IBM allowed 90-day payment deferrals and interest rates as low as 5.1 percent, depending on the hardware, software or services being purchased. Compaq offered payment deferrals for four months.

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