ANZ jumps into IT equipment leasing with HP

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ANZ jumps into IT equipment leasing with HP

ANZ has signed an IT equipment leasing alliance with HP Financial Services, to expand IT leasing and financing options for its business customers.

ANZ executive director Leasing & Structured Asset Finance, Eddie Law said Australian businesses leased approximately $2.5 billion worth of IT and office equipment in 2006.

“We can now offer our larger business customers an industry leading IT rental solution, as well as our traditional finance leasing, hire purchase and chattel mortgage solutions,” Law said.

He said many ANZ customers preferred to rent IT and office equipment rather than purchasing as IT rental mitigates the risk of equipment obsolescence and the high cost of managing large fleets of IT assets, particularly desktops and laptops.

“The alliance enables us to combine a technology solution with our financial solution,” said Law.

According to Law this is one of the first times a domestic bank has partnered with an IT vendor to provide IT leasing in Australia.
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