HP Leasing Promotions Bolster Instant-On Enterprise Program

By Nathan Eddy  |  Print this article Print

Eligible equipment includes laptop and desktop PCs, workstations and monitors, servers, blades and networking hardware.

Technology giant Hewlett-Packard announced two leasing promotions designed to help businesses deploy the company’s technology while saving money for other purposes. The "1-2-3" and "90 Day" deferral programs are offered to qualifying businesses in the United States and Canada through HP Financial Services, the company’s leasing and asset management subsidiary, and are designed to help businesses expand capabilities and evolve to HP’s information optimization program, Instant-On Enterprises. The promotions expire Jan. 31, 2012.

The "1-2-3 Deferral" promotion offers savings on eligible equipment for qualifying transactions above $250,000. Structured as a 36-month step lease, the program lets qualified businesses receive monthly upfront costs that start small and increase slightly over time. Under the promotion, equipment leasing between one to three months is at 1 percent of original equipment cost (OEC), 2 percent of OEC for four to six months, and 3 percent of OEC for seven to 36 months. At lease expiration, customers have the option to purchase the equipment at fair market value. HP said this could allow customers to ramp their businesses and better align expenditures with revenue growth.

With the "90 Day Deferral" promotion, customers have the option to take a 90-day payment holiday followed by 36 monthly payments on qualifying transactions at a minimum of $1,500. Eligible equipment includes laptop and desktop PCs, workstations and monitors (new Digital Signage Workstation), point-of-sale retail systems and thin clients, printers and multifunction devices, and scanners, including Designjet Large Format Printers, but excludes HP Indigo and HP Scitex technology.

Also included in the promotion are servers and blades, including ProLiant, Integrity Blades BL860 and BL870, and Integrity 2600, 3600 and 6600 series; data and server storage, including select 3PAR Storage Systems, StorageWorks, ProLiant Storage and LeftHand Networks hardware; networking hardware, including data center core/aggregation switches, access switches and routers (A-Series), E-Series and V-Series equipment; and select non-hardware items. For example, businesses can choose from certain software, software appliances, services and installation, which can be bundled into solutions at standard lease rates, subject to credit approval.