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Everything You Need to Know About Interest Free Leasing Deals

October 30, 2013/0 Comments/in Blog, General, WestWon Resellers & Partners/by Jess Wells-Flint

Is there such a thing as an interest free leasing deal?

The simple answer is no. After all, thinking about it logically, why would a leasing company provide you with money for free?  Yet some do appear to be offering interest free equipment leasing options. How can this be?

More About Interest Free Leasing Deals

Firstly, most interest free deals are subsidised by either the equipment manufacturer or the equipment reseller. They use this ‘marketing twist’ to entice the customer to buy their stock and are, in effect, offering the customer a blind discount. For this reason, an interest free leasing agreement can – and often does – represent excellent value for customers. And WestWon has run numerous interest free leasing offers on behalf of suppliers, who are looking for a new, modern way to promote their products.

How Does Interest Free Business Equipment Leasing Work?

In simple terms, if a supplier or manufacturer wishes to sell equipment with a capital value of £12,000.00+VAT on an interest free lease finance basis over three years, the lease payment would typically be £1,000.00+VAT per quarter. That equates to £12,000.00+VAT over the course of the whole lease.  So apparently interest free….

However, not quite so … the supplier invoices the leasing company upfront for the equipment as per the normal process, but, in our example, for the reduced amount of £10,500.00+VAT rather than the full capital cost of £12,000+VAT.  The leasing company then bases the lease payments due on the discounted figure of £10,500+VAT, and thus still makes circa £1,500.00+VAT in interest on the deal.  As customers only see the lease agreements they make with the leasing company and not the invoice from the supplier to the leasing company, they are typically unaware of the underlying supplier discount that enables the leasing deal to work.

Is This Type Of Lease Agreement a Good Deal For Customers?

There is absolutely nothing wrong in this type of offer and, in fact, it usually represents excellent value for the customer, who obtains the benefit of the equipment immediately while paying for it over its useful life. The supplier gains a new customer and the leasing company receives interest on the deal as normal.

One thing worthy of note is that technically with an interest free lease agreement, title (ownership) of the equipment should pass to the customer at the end of the lease, so interest free deals are often put together on a lease purchase as opposed to a lease rental basis.

For more information about the best leasing options for customers, manufacturers and resellers please contact WestWon on Tel: 01494 611 456.

0 0 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2013-10-30 15:17:182013-10-30 15:17:18Everything You Need to Know About Interest Free Leasing Deals

Lease a Panasonic UB2315 Electronic Whiteboard – Cost £3,400.21+VAT – Lease Value £240.56+VAT per qtr

October 29, 2013/0 Comments/in Deals, Other Equipment Leasing/by Jess Wells-Flint

Westwon provided a company based in Harrogate with a Panasonic UB2315 Electronic Whiteboard via a supplier of Panasonic equipment. Please give WestWon a call if you are looking to lease a Panasonic whiteboard

Capital Cost: £3,400.21 ex. VAT

Lease Rental: £240.56 ex. VAT

Payment Frequency: Quarterly
Lease Period: 5 Years

ManufacturerModelDescriptionPart No.Quantity
PanasonicUB2315Electronic Whiteboard1
https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png 0 0 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2013-10-29 19:05:172013-10-29 19:05:17Lease a Panasonic UB2315 Electronic Whiteboard – Cost £3,400.21+VAT – Lease Value £240.56+VAT per qtr

Lease of LED light bulbs and lease of LED tubes

October 29, 2013/0 Comments/in Deals, LED, Other Equipment Leasing/by Jess Wells-Flint

WestWon arranged a lease facility for a charity in the Midlands who leased over 1,600 LED light bulbs for their premises. The charity will make significant financial savings over their five year lease agreeement

Capital Cost: £88,397.00 ex. VAT

Lease Rental: £2,232.32 ex. VAT

Payment Frequency: Monthly
Lease Period: 5 Years

ManufacturerModelDescriptionPart No.Quantity
2′ 9w LED Tube740
4′ 16w LED Tube11
5′ 22w LED tube122
6′ 28w LED Tube41
8w LED Down light38
9w LED G24217
6w LED GU10/lampholder151
6w LED GU10/lampholder DIMM87
LED PLL Replacement186
7W LED 2D REP3
14W LED 2D REP91
14W LED 2D REP EM30
14W LED 2D REP10
14W LED 2D REP EM4
4W LED CANDLE5
7W LED GLS DAYLIGHT100
https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png 0 0 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2013-10-29 12:05:192018-02-20 17:16:53Lease of LED light bulbs and lease of LED tubes

New WestWon Website Highlights Benefits Of Equipment Leasing

October 17, 2013/1 Comment/in WestWon Resellers & Partners/by Jess Wells-Flint

WestWon has just launched its innovative new asset finance options website – designed to make it easy for resellers and their customers to discover the business advantages and cost benefits of leasing.

Asset-based finance allows customers to buy the equipment they need now and pay for it over time, ensuring they can acquire the equipment they require from their preferred reseller when they need it.

 

WestWon Website Makes Leasing Easy

Packed full of the latest useful information, WestWon.co.uk provides:

  • A Free downloadable Guide to Leasing
  • An instant Equipment Leasing Calculator
  • Fact sheets answering general and industry-specific questions
  • Information about our successful Finance Partner Scheme

 

For specific questions about how leasing can pay dividends for both businesses and resellers, please call us direct on Tel: 01494 611 456 or email [email protected]

WestWon has already signed up 100’s of resellers to our Finance Partner scheme and we look forward to speaking to many more soon.

 

About WestWon Asset Finance & Leasing

With its Headquarters in Beaconsfield, Buckinghamshire, WestWon is a well-established provider of equipment asset finance and leasing to all types of companies in the UK. As a member of the Finance and Leasing Association and National Association of Commercial Finance Brokers, WestWon is committed to the principles of transparency and adherence to industry best practice in all transactions.
For more information see www.WestWon.co.uk

 

0 0 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2013-10-17 15:00:082013-10-17 15:00:08New WestWon Website Highlights Benefits Of Equipment Leasing

KK40 Equipment: Lease cost £44.00+VAT per week

October 13, 2013/0 Comments/in Deals, Waste, Waste & Recycling Equipment Leasing/by Jess Wells-Flint

WestWon rented for a company based in Leeds, a KK40 Mill-Size Baler. If you are looking to purchase a KK40 Mill Size baler, please give WestWon a call directly.

Capital Cost: £9,225.00 ex. VAT

Lease Rental: £572.00 ex. VAT

Payment Frequency: Quarterly
Lease Period: 5 Years

ManufacturerModelDescriptionPart No.Quantity
KK40Mill-SizeBaler1
https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png 0 0 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2013-10-13 20:05:502016-07-20 03:48:43KK40 Equipment: Lease cost £44.00+VAT per week

Equipment: Lease cost £578.44/Monthly

October 11, 2013/0 Comments/in Deals, IT Equipment Leasing/by Jess Wells-Flint

WestWon provided a company based in Guildford with asset based finance for via a WestWon Partner who supplies IT and computer equipment.

Capital Cost: £16,433.00 ex. VAT

Lease Rental: £578.44 ex. VAT

Payment Frequency: Monthly
Lease Period: 3 Years

ManufacturerModelDescriptionPart No.Quantity
https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png 0 0 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2013-10-11 13:37:412013-10-11 13:37:41Equipment: Lease cost £578.44/Monthly

Equipment: Lease cost £726.80/Monthly

October 11, 2013/0 Comments/in Deals, Other Equipment Leasing/by Jess Wells-Flint

WestWon provided a company based in Letchworth with asset based finance for Warehouse racking via a WestWon Partner who supplies racking equipment.

Capital Cost: £26,506.00 ex. VAT

Lease Rental: £726.80 ex. VAT

Payment Frequency: Monthly
Lease Period: 4 Years

ManufacturerModelDescriptionPart No.Quantity
Warehouse racking1
https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png 0 0 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2013-10-11 13:37:302013-10-11 13:37:30Equipment: Lease cost £726.80/Monthly

Autocad Equipment: Lease cost £117.71/Monthly

October 11, 2013/0 Comments/in Deals, IT Equipment Leasing/by Jess Wells-Flint

WestWon provided a company based in Stockport with a lease agreement for Autocad Software via a WestWon Partner who supplies Autocad equipment.

Capital Cost: £3,500.00 ex. VAT

Lease Rental: £117.71 ex. VAT

Payment Frequency: Monthly
Lease Period: 3 Years

ManufacturerModelDescriptionPart No.Quantity
AutocadSoftware1
https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png 0 0 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2013-10-11 13:37:212013-10-11 13:37:21Autocad Equipment: Lease cost £117.71/Monthly

Equipment: Lease cost £445.32/Monthly

October 11, 2013/0 Comments/in Deals, IT Equipment Leasing/by Jess Wells-Flint

WestWon provided a company based in Chelmsford with asset based finance for fileservers via a WestWon Resller Partner.

Capital Cost: £13,761.50 ex. VAT

Lease Rental: £445.32 ex. VAT

Payment Frequency: Monthly
Lease Period: 3 Years

ManufacturerModelDescriptionPart No.Quantity
fileservers
https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png 0 0 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2013-10-11 13:37:132013-10-11 13:37:13Equipment: Lease cost £445.32/Monthly

HP Proliant Equipment: Lease cost £1,492.31/Quarterly

October 11, 2013/0 Comments/in Deals, IT Equipment Leasing/by Jess Wells-Flint

WestWon provided a company based in Chelmsford with a lease agreement for 2 HP Proliant DL370 G6 1XXE/E5530 NOHDD 6GB via a WestWon Partner who supplies Proliant equipment.

Capital Cost: £15,758.29 ex. VAT

Lease Rental: £1,492.31 ex. VAT

Payment Frequency: Quarterly
Lease Period: 3 Years

ManufacturerModelDescriptionPart No.Quantity
HPProliant DL370 G6 1XXE/E5530 NOHDD 6GB2
Proliant 146GB 15K 6G 2.5 SAS DP HDD22
HPProliant DL370 G6 1XXE/E5530 NOHDD 6GB1
MSWindows SVR STD 2008 SNGL OPL NL3
https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png 0 0 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2013-10-11 13:37:102013-10-11 13:37:10HP Proliant Equipment: Lease cost £1,492.31/Quarterly
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