Lenovo extends credit to help cash constrained users


Lenovo extends credit to help cash constrained users

Simon Quicke

Lenovo Financial Services is extending credit facilities to resellers across the UK and France as it looks to exploit the upswing in attitudes towards leasing.

The vendor, in partnership with CIT group, is making a three year 0% finance deal available for deals between £1,000 and £100,000 made over the next couple of months and 20% of software and peripherals can be included in a deal.

Resellers will also be given rewards for using finance to close deals with Lenovo Financial Services with an online system being set up to register transactions.

Jon Singleton, european programme director at Lenovo Financial Services, said that it had made the move to help resellers that not only continued to face cash constraints in their customer base but also as users were struggling with the consequences of rising inflation.

Recent research from IDC indicated that half of those firms quizzed expect to lease more this year with 70% adding that the ability to access a finance package was one of the influencing factors in a choice of vendor.

"While financing solutions can be an effective way of helping IT procurement departments through a period of financial or economic uncertainty, they are not just for the down times," said Singleton.

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