Partner in Develoment Program (was: AS/400 At Home) -- RPG400-L

The lease program you refer to is not all it's cracked up to be.

The 1% lease deal sounds good, but if you are not an existing business with
a D&B, bank and trade references, etc, ICC (IBM Credit Corp) requires _only_
100% down.  Yes, folks you read that correctly ONE HUNDRED PERCENT DOWN.
Correct me if I'm wrong, but 100 percent down SOUNDS LIKE A PURCHASE TO ME!

Hmmmm.... let's think about that a minute.  I pull $20K out of my pocket and
give it to ICC.  They turn around and lend it back to me at 1% per month for
24 months.  At the end of 24 months, I get my $20K back and I give them the
AS400 back.  So, that 24 months cost me $4800, plus the lost interest on the
$20K I just tied up for 2 years.  At 5%, that's $2K.

>From a business perspective, I can understand.  Without a track record and
good credit, a lease gets denied.  BUT, this is supposed to be program where
IBM is helping to enhance the portfolio of available software applications.
Since the average $20K machine is maybe $10K hardware (incremental cost... 2
or 3K?) and $10K software (incremental cost.... zero)  ICC isn't really
sticking their necks out much, are they?

I tried doing this and got so frustrated by the process, I put the machine
on a credit card (gulp... don't tell my wife).


----- Original Message -----
From: "Colin Williams" <colin.williams@technocrats.co.uk>
To: <RPG400-L@midrange.com>
Sent: Thursday, February 17, 2000 4:54 AM
Subject: RE: AS/400 At Home (was: Using % type functions/using RPG IV)


> Or at least allow us to lease them at the same cost as the Partner in
> Development program!
>
> -----Original Message-----
> From: Chuck Lewis [mailto:clewis@iquest.net]
> Sent: Wednesday, February 16, 2000 12:11 PM
> To: RPG400-L@midrange.com
> Subject: Re: AS/400 At Home (was: Using % type functions/using RPG IV)
>
>
> I agree !!
>
> I've got 4 kids; 2 in high school, 1 in junior high and one at
> home (3 years old).
> They are ALL interested in computers (EVEN the 3 year old who
> AMAZES his siblings
> with what he manages to do on our PC). Who knows where the
> future AS/400 folks
> COULD come from ? Come on IBM, give me one ;-)
>
> Chuck
>
> "L. S. Russell" wrote:
>
> > It seems like a deal like this can only help sales in the long run. I
> > would buy one for home and one for work today!
> > Plus, the more 400's out there the more development. The more
> > development, the larger the demand for the freakin hardware!
> >
> > "MCPARTLAND, Stan" wrote:
> > >
> > > IBM used to offer special deals on 150s at COMMON when they
> first came out.
> > > If IBM is monitoring this list, perhaps they could offer us
> a 170 with all
> > > of the developer's tools at the spring COMMON conference.
> Say around
> > > $5,000.
> > >
> > > Stan
> > >
> > > -----Original Message-----
> > > From: pcunnane@learningco.com [mailto:pcunnane@learningco.com]
> > > Sent: Wednesday, February 09, 2000 7:48 AM
> > > To: 'RPG400-L@midrange.com'
> > > Subject: Re[2]: Using % type functions/using RPG IV
> > >
> > > "Nice idea, but not very realistic in the AS/400 arena.
> > > How many developers who might be interested in such a thing
> > >
> > > a) have access to an as/400 at home"
> > >
> > >      <sigh> If only.  Come on IBM, help us out here!!
> > > <snip>
> > > +---
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> > --
> > L. S. Russell Programmer/Analyst
> > Datrek Professional Bags, Inc.
> > 2413 Industrial Drive
> > Springfield, TN. 37172
> > mailto:leslier@datrek.com
> > http://www.datrek.com
> > --
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