Systems and server vendor Lenovo is today launching a financing offering for UK channel partners.
The Chinese PC maker has teamed up with finance house CIT to expand the Lenovo Financial Services (LFS) programme into Europe. The UK will be the first country where the scheme is implemented, followed by France and Germany later in the year. LFS will be introduced in more western European countries in 2011.
The programme will allow Lenovo VARs to offer end users leasing and other finance options. Online tools have been designed to help simplify the process of obtaining financing.
Lenovo's chief operating officer Rory Read said: “The expansion of the LFS programme in Europe will provide us with a greater opportunity to offer financial services alternatives to our customers, globally."
Ron Arrington, president of CIT Vendor Finance, added: "The expansion within Europe of LFS further demonstrates our position as a leading provider of vendor financing solutions and reinforces our commitment to the market. It reflects CIT’s ability to provide commercial financing solutions for customers of the leading technology companies around the world.”
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