IBM Lowers Interest Rate for Certain Products

As part of a special campaign to start the third quarter, IBM today lowered the interest rate on a number of IBM eServers and other products.

The rate -- now as low as 5.3 percent – is an extension of a reduction made earlier this year under IBM’s Low Rate Financing program. The program -- launched in February by IBM Global Financing -- covers a range of products, including IBM eServers, PCs, retail systems, storage and networking products, printers and services. It is available to customers in North America, as well as those in Argentina, Brazil, Chile and Mexico.

As part of today’s announcement, IBM is extending its special financing rates to some more products. The eServer xSeries’ valued at $50,000 and a new eServer pSeries-based infrastructure solution are also now eligible for special financing. Just revealed today, the pSeries-based solution includes a p640 or p660 server with IBM WebSphere Application Server and DB2 Universal Database or Tivoli Storage Manager.

In addition, IBM has upped the total amount that can be financed at the lower rate to $1 million. IBM storage products can be financed up to an additional $1 million and, for a limited specific combination of Web servers and software products, the total amount available for lease financing can be up to $2.5 million.

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