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Does IBM Global Financing finance non-IBM products?
IBM Global Financing is the world's premier single-source provider of multivendor financing solutions, and is committed to helping its customers acquire the best possible I/T and telecom solution, regardless of vendor. Our total solution financing offerings were created specifically to help businesses of any size obtain best-of-breed products from IBM as well as from other manufacturers or vendors.
Will IBM Global Financing finance I/T services?
In addition to I/T hardware and software, total solution financing offerings are also available for the I/T services of any multivendor solution you assemble. Flexible financing options matched to any sized business ensure you get a complete solution that precisely fits your unique requirements.
How can financing help my bottom line?
Financing can help you get more out of your I/T budget. Reduced monthly payments translate to lower expenses and more buying power. Financing can lead to improved liquidity, allowing you to keep more cash on hand. It can also allow you to preserve existing credit and to qualify for other financing.
What is a lease?
A financial agreement that extends for a fixed period and involves a series of fixed payments is called lease. There is no minimum period under which a lease designation is not applicable in South Africa. A lease comes in many forms, but in all cases the owner of the equipment (the lessor) allows the user (the lessee) to operate the equipment in exchange for regular lease payments. It is an attractive form of finance where the lessee anticipates longer term use of the products and desires eventual ownership. Just like a loan but the title does not pass to the lessee until the end of lease.
What is a rental?
A rental agreement typically grants the rentee use of goods with the ability to return the goods within a short notice period. Rental agreements are aimed at the shorter term end of the financing market. Rental agreements make no provision for purchase as it is not the intent of the rentee to use the equipment over a time frame where they might be motivated to purchase the equipment.
End of Rental Term
At the end of the initial rental term you will have the following alternatives:
- Return the equipment to IBM with no penalties or Residual Values payable. If this is the required option you will notify IBM Global Financing in advance of the intention to return the equipment at termination date of the agreement.
- Extend the Rental term for a further period as required by yourself or governed by the terms and conditions of the Rental agreement.
What is a deferred payment ?
Deferred payments are really like a loan since the customer takes title of the equipment upon delivery and acceptance. For a deferred payment of equivalent length to a full payout lease, taking title up front is really the only fundamental difference although conditions in the contracts may vary significantly.
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