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February 28, 1997updated 05 Sep 2016 12:18pm

IBM CREDIT HAS RS/6000, AS/400 AT LEASE RATE OF 1% A MONTH

By CBR Staff Writer

IBM Credit Corp has been mobilized by the parent to get more software developers writing for IBM kit, and has come out with the Software Developers & Business Partners Lease Program, a worldwide offering conceived to provide the latest technology to software vendors and business partners on flexible terms at a low monthly payment. It covers AS/400, RS/6000, storage and networking hardware products to be used solely for software development and demonstration, and provides the equipment at a lease rate of just 1% a month of the list price. System 390 products are eligible but the lease payment will be determined on a special bid basis, and may be greater than 1% of list price – seems a bit silly if IBM wants to keep the things alive. Printing systems products receive the same terms when ordered as a peripheral. The lease program, over a 24-month term, allows the customer to upgrade or replace the model after 12 months and the option of terminating at 18 months with no penalty.

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