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IBM Credit Announces Preferred Rate Financing for 1998


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WHITE PLAINS, New York - 06 Jan 1998: . . . IBM Credit Corporation today announced a Preferred Rate Financing offering to support customers who lease or finance selected IBM products with below market rates through year-end 1998.

With Preferred Rate Financing, best-credit commercial or state and local government customers in the United States who acquire IBM's current AS/400*, Networking Systems, Point of Sale, RS/6000*, Storage Systems or selected Printing Systems products may obtain financing as low as 6.5 percent**. Best-plus credit customers will also be eligible for financing for up to $1 million of IBM software and for up to $1 million of services when financed along with qualifying hardware. The lowest rates apply on a 24- or 36-month lease or installment payment agreement. Terms are available from 24 to 60 months. Customers must install the equipment by December 31, 1998.

"Below market rate financing rates enable our customers to conserve capital, purchase more technology for a fixed monthly cost, and protect their investments against obsolescence through upgrade options," said Curtis H. Tearte, general manager, end-user customer financing, IBM Credit. "Our Preferred Rate Financing makes it fast and easy for customers to acquire the information technology hardware, software and services they need to run their businesses, and is a key part of IBM's ability to provide a total solution."

IBM Credit Corporation is a wholly owned subsidiary of IBM Corporation, offering businesses of all sizes leasing and financing for technology acquired in the U.S. from IBM or remarketers. IBM Credit also offers a broad array of asset management services and provides remarketers with inventory and accounts receivable financing. Visit the IBM customer financing home page at http://www.financing.ibm.com

IBM PRODUCT ELIGIBILITY

AS/400 -- all current products
Point of Sale -- all current products except SUREONE
RS/6000 -- all current products
Storage Systems -- all current products
Networking Systems -- all current products
Network Computers -- not eligible
Personal Computers -- all current PCs *
Printing Systems -- all current products except Network Printers
S/390 -- not eligible
IBM Software -- up to $1 million based on Credit approval **
IBM Services -- up to $1 million based on Credit approval **

* When financed with Preferred Rate Financing eligible AS/400 or RS/6000 and only up to an amount equal to the amount financed of the qualifying processor.
** When financed with Preferred Rate Financing eligible hardware by credit qualified customers, those with credit rating 1-4 can finance up to $1 million; those with credit rating 5 can finance up to $500,000; and those with credit rating 6-10 can finance up to $100,000.

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* Trademark or registered trademark of International Business Machines.

** Rates are subject to change. This offering may be withdrawn at any time without notice. Other restrictions may apply.

Preferred Rate Financing for 1998

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