Rosy Outlook: Dell Financing Partner Renews Contract | AccountingWEB

Rosy Outlook: Dell Financing Partner Renews Contract

Austin, TX-based Dell Computer Corporation got a shot in the arm when its financial partner, CIT Group of New York, renewed the contract for supporting Dell Financial Services. The contract renewal will last five years.

The division is in place to help customers lease and finance computers, and while many customers pay in full for their purchase, CIT is convinced that there may be as much as a 40 percent rate of growth during 2001.

This is good news for Dell Financial in spite of Dell's overall slower pace. Growth at Dell is expected to be 26.5 percent for 2000, down from 38.5 percent growth in 1999.

CIT has agreed to remain the finance arm of only Dell with respect to computers by providing an exclusive partnership.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.