IBM Offers Low Financing Rates for System i5 Upgrade Leases
July 17, 2006 Timothy Prickett Morgan
While IBM has been gradually ratcheting up interest rates on its Low Rate Financing deals offered through Big Blue’s Global Financing unit for the past year, in concert with the interest rate rises put in place by the Federal Reserve and the commercial banks that lend to companies and consumers, the System i5 business is under a little pressure to perform. Cheaper financing is one of the ways that midrange shops can be enticed to buy servers when they might otherwise choose to hold off.
And that is why the Global Financing unit is now offering relatively low financing rates