HP is extending until July zero percent financing programs for SMBs. The two programs, which were introduced in January and give customers the options of leasing or buying the equipment, initially were due to expire at the end of April. The extensions were the latest move by HP to enable customers to continue buying technology despite a global recession and shrinking IT budgets.
Hewlett-Packard is extending special financial deals that it put in place in
January in hopes of lessening the blows of the global recession on small and
The financing offers-which include zero percent financing-initially were
slated to expire at the end of April. However, an HP spokesperson said April 15
that the technology vendor is extending the promotions to the end of July.
The two promotions, offered through HP Financial Services, give SMB
customers the option to lease or buy technology from HP under zero percent
With one deal, customers can get zero percent financing for 12 months, after
which they have the option of buying the equipment for $1. At the end of the
36-month deal, customers can by the equipment at what HP officials said in
January is "fair market value."
With both plans, customers can finance between $1,500 and $150,000 of HP
Like other vendors, HP has been looking at a
number of ways
to enable customers to continue buying technology during the
global recession, not only through financing but also with low-cost product
offerings and new technologies designed to drive down costs while improving
In March, HP rolled out a host of new
products and services
aimed at helping businesses prioritize their IT
spending and to optimize and automate their data center resources. The
offerings touched on everything from virtualization to tiered levels of
On March 30, HP also announced a refresh of its ProLiant servers and
BladeSystem products that take advantage of Intel's new Nehalem
as well as offer cost-saving capabilities of their own.