Microsoft Financing hits NZ
- 25 July, 2006 22:00
New Zealand partners are among those in 11 countries eligible to offer their customers a hire purchase-style offer from Microsoft.
Partner and business solutions group manager David Guy says Microsoft Financing won’t be formally launched here until closer to Christmas, but transactions under the scheme can be carried out immediately.
The programme allows customers to spread out payments on software, services and hardware.
“It’s effectively a monthly repayment-based loan over a period of three years,” Guy says. “You own the goods at the end of that time.”
He won’t reveal the interest rate, but says it is very competitive compared with others in the market.
He says the scheme makes it easier for partners to close deals. “A lot of customers find that up-front cash difficult to find.”
Microsoft has yet to finalise infrastructure to roll out the second stage of the programme, which Guy says will include full finance and operating leasing.
Under the global initiative, a third party is appointed to handle invoicing and debiting.
Microsoft says minimum transaction values vary by country, and there is no maximum transaction value.
New Zealand is also included in the latest Microsoft Financing promotion — 6/50 — which offers financing of $50 per month in local currency for six months, followed by 36 monthly payments to complete paying off the loan. The 6/50 promotion began on 1 July and ends at the end of June next year.