48-Month Purchase Plan Simplifies Payment for Customers; New Purchase Plan Offers Consumers Low Monthly Payments
June 9, 1999 09:00 AM
ROUND ROCK, Texas--(BUSINESS WIRE)--June 9, 1999--Dell Computer Corporation is making it easy and convenient for consumers to own their personal computers. Dell DELL , the world's leading direct computer systems company, is introducing a new 48-month purchase plan for consumers who want to own their PCs and peripherals with low monthly payments.
Dell is adding the 48-month purchase plan to its existing roster of flexible payment options. This payment solution offers a quick and easy credit application, no down payment, and no payments for 30 days.
"Buying a PC from Dell is easier than ever," says Janet Mountain, vice president of Dell Home Systems. "For the price of a large cup of coffee each day, customers can own a Dell PC and get the award-winning service and support that accompanies every Dell system."
For as little as $27 a month(1), Dell customers can own their system at the end of four years. That system includes a 400 MHz Celeron processor, 32 MB of memory, a 4.3 gigabyte (GB) hard drive and a 15-inch monitor (13.8" v.i.s.). And for as little as $70 a month, consumers can purchase a high-performance Dell Dimension PC with some of the latest technology including the Intel Pentium III processor at 550 MHz, 128 MB of memory, a 13.6 GB hard drive and a 17-inch monitor (16.0" v.i.s.).
Consumers who qualify for the purchase plan have up to $5,000 to spend on systems and upgrades through Dell and accessories like scanners and digital cameras from its online superstore, Gigabuys.com. The purchase plan complements Dell's existing payment solutions, including a personal leasing program, Dell's Platinum Visa card and the Dell gift certificate.
The Dell Platinum Visa card enables customers to buy a PC with no payment for 120 days and earns customers Dell Dollars toward the purchase of a new system from Dell Home Systems Co.(2)
Dell's personal leasing program, the first offered by a major PC manufacturer, enables customers to lease the latest technology for either 24 or 36 months(3). Dell also offers gift certificates in increments of $100 that can be used to purchase Dell PCs and related products.
Ranked No. 78 among the Fortune 500 companies and No. 363 in the Fortune Global 500, Dell Computer Corporation is the world's leading direct computer systems company, based on revenues of $19.9 billion for the past four quarters. Dell designs, manufactures and customizes products and services to customer requirements and offers an extensive selection of software and peripherals. Information on Dell and its products can be obtained through its toll-free number 800/388-8542 or by accessing the Dell World Wide Web site at www.dell.com.
(1) 48-Month Purchase Plan offered through Dell Financial Services L.P., 14050 Summit Drive, Austin, TX, 78728 to qualified customers. Only available in the 50 U.S. states and District of Columbia, except AR and MN. Availability may be limited or offer may vary in some states. $27 payment based on advertised system cost of $899. $70 payment based on advertised system cost of $2,349. Payments are based on 48-month term at 18.99% APR with approved credit. Excludes taxes and shipping charges, which vary (for example, based on sales price $899 for a desktop system, the total of sales taxes and shipping charges via 3-to-5 day ground to Hartford City, Ind., would be for 48-month term at 18.99% APR, with approved credit. Excludes taxes and shipping charges which vary, (for example, based on the sample original sales price of $899, the total of sales taxes and shipping charges via 3-5 day ground to Hartford City, Ind., would be $139.95 (includes sales taxes of $44.95 and shipping charges of $95.00)). Taxes and shipping charges are due with first payment unless you choose to include them in the amount financed, in which case your monthly payment will be higher.
(2) 0% APR for balance related to original Dell purchase ("Dell balance") for 4 billing cycles from date of such purchase ("promotion period"). Any balance that results from the initial purchase will be included in the Average Daily Balance on the first day of the fifth billing cycle after the cycle in which the change is posted to your account. 9.99% APR for purchases and balance transfers and for Dell balance after the promotion period. 19.99% APR for cash advances. If payment is received late once during the promotion period on balances other than the Dell balance, the APR on the Dell balance will adjust to 9.99%. If at any time payment is received late twice in any 6-month period the APR on purchases and balance transfers will adjust to 19.99%. If you do not make a payment for 2 consecutive months, the rate on all balances will adjust to 22.99%. The annual fee: NONE. A minimum monthly Finance Charge of 50 cents is payable if any Finance Charge is due. There is a Finance Charge for cash advances equal to or greater of 2% of the transaction amount or $5.00 for each transaction with a maximum of $25.00. Offer applies to Dell Home Systems Co. purchases only; may not be applicable with other Dell System discounts.
(3) Dell Personal Lease arranged by Dell Financial Services L.P., an independent entity, to qualified customers; amount of the monthly lease payments exclude taxes which may vary shipping cost due with first payment; no security deposit required; subject to credit approval and availability. Lease terms subject to change without notice.
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