• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Big Blue Kills the ‘It Pays to Lease’ Deal

    August 14, 2006 Timothy Prickett Morgan

    IBM usually has at least one special leasing deal for its various server lines on the books at any given time. But last week, the company killed off a deal called “It Pays To Lease,” which was last tweaked back on April 26. So if you were hoping to get a new System i5 under the leasing term of this deal, snoozing results in losing. As far as I know, the “Get More, Pay Less” financing deal is still in effect.

    Under the It Pays To Lease deal that was just withdrawn, the latest iteration of which dates from March 2005 with subsequent modifications for changes to the IBM product line, if customers signed a fair market value lease on equipment with a value of at least $1,000 for a lease term of 24 to 36 months, then they could get a rebate of 5 percent of the value of the equipment under finance. On a box like a System i5, this is not a small amount of money. This deal could be combined with other financing deals, such as the then-current Low Rate Financing deal or the Get More, Pay Less deal that is still in effect. The lease rebate deal could be applied to new acquisitions or upgrades to existing System i5/iSeries, System p5/pSeries, and System x/xSeries servers as well as to printers, storage, and point of sale products. Last week, IBM said that the lease rebate deal is withdrawn effective immediately, and only contracts written with payment commencement dates before September 1, 2006, would be honored.

    IBM’s Global Financing unit is still offering the Get More, Pay Less deal, which is offering 2.99 percent financing to customers with Best Plus credit ratings; that rate rises to 3.49 percent in the fourth quarter. This financing deal can be used on new or existing equipment, and you have extend an existing lease by 36 months; all leases have to have a $1 end-of-lease purchase option. To get the third quarter interest rate, you have to accept delivery of the new machine or parts by September 30; the deal expires on December 31. You have to convert older iSeries 8XX machines to new i5 boxes to take part in the deal.

    RELATED STORIES

    IBM Offers Low Financing Rates for System i5 Upgrade Leases

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags: Tags: mtfh_rc, Volume 15, Number 32 -- August 14, 2006

    Sponsored by
    WorksRight Software

    Do you need area code information?
    Do you need ZIP Code information?
    Do you need ZIP+4 information?
    Do you need city name information?
    Do you need county information?
    Do you need a nearest dealer locator system?

    We can HELP! We have affordable AS/400 software and data to do all of the above. Whether you need a simple city name retrieval system or a sophisticated CASS postal coding system, we have it for you!

    The ZIP/CITY system is based on 5-digit ZIP Codes. You can retrieve city names, state names, county names, area codes, time zones, latitude, longitude, and more just by knowing the ZIP Code. We supply information on all the latest area code changes. A nearest dealer locator function is also included. ZIP/CITY includes software, data, monthly updates, and unlimited support. The cost is $495 per year.

    PER/ZIP4 is a sophisticated CASS certified postal coding system for assigning ZIP Codes, ZIP+4, carrier route, and delivery point codes. PER/ZIP4 also provides county names and FIPS codes. PER/ZIP4 can be used interactively, in batch, and with callable programs. PER/ZIP4 includes software, data, monthly updates, and unlimited support. The cost is $3,900 for the first year, and $1,950 for renewal.

    Just call us and we’ll arrange for 30 days FREE use of either ZIP/CITY or PER/ZIP4.

    WorksRight Software, Inc.
    Phone: 601-856-8337
    Fax: 601-856-9432
    Email: software@worksright.com
    Website: www.worksright.com

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Admin Alert: Running Green-Screen Commands from OpsNav, Part 2 Bang for the Buck: Midrange i5 Servers Versus the Competition

    Leave a Reply Cancel reply

TFH Volume: 15 Issue: 32

This Issue Sponsored By

    Table of Contents

    • IBM Withdraws Various iSeries and System i5 Features
    • Russell to Stay on at COMMON as President, Contrary to Rumors
    • IBM Rejiggers and Broadens i5 Capacity BackUp Edition
    • IDC Says Disk-Based Data Protection Is Booming
    • Software Hungry IBM Eats ECM Rival FileNet for $1.6 Billion
    • Big Blue Kills the ‘It Pays to Lease’ Deal
    • The System i Is the Top Banana for Fruit Producers
    • Yankee Cases the Platform Vendors in the SMB Space
    • As I See It: Biology and Technology–the Uneasy Union
    • The PC at 25: If I Had a Time Machine, I Would Make One Small Change

    Content archive

    • The Four Hundred
    • Four Hundred Stuff
    • Four Hundred Guru

    Recent Posts

    • Why Open Source Is Critical for Digital Transformation
    • mrc Refreshes IBM i Low-Code Dev Tool
    • Unit Testing Automation Hits Shift Left Instead of Ctrl-Alt-Delete Cash
    • Four Hundred Monitor, March 3
    • IBM i PTF Guide, Volume 23, Number 9
    • Doing The Texas Two Step From Power9 To Power10
    • PHP’s Legacy Problem
    • Guru: For IBM i Newcomers, An Access Client Solutions Primer
    • IBM i 7.1 Extended Out To 2024 And Up To The IBM Cloud
    • Some Practical Advice On That HMC-Power9 Impedance Mismatch

    Subscribe

    To get news from IT Jungle sent to your inbox every week, subscribe to our newsletter.

    Pages

    • About Us
    • Contact
    • Contributors
    • Four Hundred Monitor
    • IBM i PTF Guide
    • Media Kit
    • Subscribe

    Search

    Copyright © 2021 IT Jungle

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.