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TECH BUSINESSES EXPAND FINANCING, RENTAL OPTIONS
May 21, 2008 - Tech companies and retailers are offering more financing options to business
customers as the credit crunch spurs demand for the programs.
Office Depot (ODP) later this year will begin renting computers and office equipment valued at
$500 to $10,000. Microsoft's (MSFT) financing arm plans to lend about $1.25 billion to
customers, up from $780 million last year. And Ingram Micro (IM), a big reseller of tech gear to
businesses, is offering no-money-down software purchases and other options.
More could be on the horizon. Dell (DELL) spent $306 million in December to bring its
financing operation completely in-house. "I see a growing interest (in financing)," says tech
analyst Spencer Richardson at researcher AMI-Partners.
About 17% of U.S. businesses with more than 250 employees purchased tech products
through vendor financing in 2007, up from 5% in 2006, Richardson says.
Credit and leases are popular because they help sell more products while allowing customers
to get gear without big cash outlays.
Click on the red link above to continue the story.
Source: USA Today
May 21, 2008 - Tech companies and retailers are offering more financing options to business
customers as the credit crunch spurs demand for the programs.
Office Depot (ODP) later this year will begin renting computers and office equipment valued at
$500 to $10,000. Microsoft's (MSFT) financing arm plans to lend about $1.25 billion to
customers, up from $780 million last year. And Ingram Micro (IM), a big reseller of tech gear to
businesses, is offering no-money-down software purchases and other options.
More could be on the horizon. Dell (DELL) spent $306 million in December to bring its
financing operation completely in-house. "I see a growing interest (in financing)," says tech
analyst Spencer Richardson at researcher AMI-Partners.
About 17% of U.S. businesses with more than 250 employees purchased tech products
through vendor financing in 2007, up from 5% in 2006, Richardson says.
Credit and leases are popular because they help sell more products while allowing customers
to get gear without big cash outlays.
Click on the red link above to continue the story.
Source: USA Today
