Download Free Guide To Equipment Leasing

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Paying upfront for equipment ties up vital working capital, especially when businesses are expanding. With bank lending figures still falling, it’s not surprising that many businesses are turning to leasing and would benefit from a free guide to leasing.

Asset Finance is now the third most common source of finance for businesses, after bank overdrafts and loans. It is also of growing importance in the public sector. In fact, organisations across every market sector are benefiting from leasing, from new start-up businesses to large established companies.

 

Financing Your Business Plans: The Essential Guide To Leasing

The WestWon Guide to Leasing has been written to help businesses of all sizes in every sector to get up to speed with leasing terminology and to provide a concise overview of the best leasing options.

DOWNLOAD THE GUIDE TO LEASING HERE

This essential guide contains the information that you need to know about the benefits of leasing, the process, the options available, the things to consider and questions to ask when choosing a leasing company.

For more tailored information on your business leasing options, please call WestWon on Tel: 01494 611 456

 

Benefits of Leasing V. Buying Equipment For Your Business

With highly competitive interest rates and agreements, there is no doubt that leasing can offer an advantageous alternative to buying.

Leasing protects your cash flow

Making monthly payments over the duration of a finance agreement allows you to spread the cost of your equipment over its useful life.

Leasing can be tax efficient

Regular, monthly payments can qualify as a  tax deductible trading expense, making the acquisition of essential assets more tax-efficient.

Leasing helps avoid obsolescence

Technology changes rapidly and avoiding obsolescence is a major concern for many. With leasing you can enhance or upgrade your equipment as the need arises.

Leasing can reduce administration

Lease finance agreements can be tailored to suit your particular business requirements and include whatever combination of business equipment and related services you require.

Leasing can protect bank lines

Our financing solutions have no effect on your other borrowing options, ensuring you can stay financially flexible.

 

 

How Much Does It Cost To Lease New Machinery And Equipment?

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A major cost benefit of leasing is that it allows businesses to spread the cost of new equipment over its useful life.  Payments for equipment finance can be made on a monthly, quarterly or even annual basis over a number of years, typically 2-5 years. But how much does it actually cost?

Well, it is now easier than ever to compare lease versus buy costs using WestWon’s instant online leasing calculator.

If you know how much the equipment you require costs, you can calculate the rental payments over your preferred rental period within seconds. Simply enter the capital cost and your chosen lease rental term, and hit the calculate button for an immediate answer.

You can also have a copy of the quote emailed to you or another person for easy reference.

Leasing versus buying? It’s certainly food for thought and so much easier to decide when you have the figures to hand. For more information about any aspect of leasing, please contact WestWon on Tel: 01494 611 456.

You can also download  Financing Your Business Plans – a guide to equipment leasing.

 

Leasing VOIP Telephony Equipment As Part Of Your Office Fit Out

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When WestWon moved to its new offices at the Old Rectory in Beaconsfield, Bucks, we undertook a major office fit out – everything from desks, chairs, partitions to boardroom furniture and flooring to laptops and AV equipment. Being a character building, the Old Rectory is full of charm … and also quirks, as we discovered when it came to fitting it out.

Naturally, as a leasing company, leasing the fit out was the obvious solution for us. And as part of our office refit we took the decision to install a new Voice Over IP (VOIP) telephone system – telephony equipment that uses the internet as opposed to a “normal” land line.

Leasing technology as well as furniture

Initially we were slightly dubious about the technology. Will it work? Will the service be secure and reliable? Will the sound quality be OK? Such doubts were unfounded.

Thus far, leasing our telephony has proved a sound business decision. The running costs are not just significantly lower, but the system also offers a number of key benefits.  One example is how well it integrates with our CRM system – simply ‘right click’ on any telephone number in the system and press dial and, within seconds, we’re having a conversation. It is also very easy to set up the system for use from home as long as you have a laptop and an Internet connection.

Integrated telephony leasing

Of course, WestWon has also helped many other companies, large and small, to secure lease finance for their office fit out including telephony systems. In our experience, many sales organisations also choose to install a PBX system on the wall to monitor activity – quite an expensive item and ideal for leasing.  And in general, at around £100 per CISCO handset together with the set up costs, telephony leasing certainly has its attractions for both established and new start up businesses.

For more information about leasing VOIP telephony or any other IT equipment, or indeed any aspect of a planned office move, refurbishment or fit out, please contact WestWon on Tel:01494 611 456.

Scientific and Medical Equipment Leasing Offers Greater Benefits for Patients and Organisations

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Technology continues to advance at a rapid pace, which is particularly evident in the scientific and medical fields. However, keeping up with science can be a drain on the finances for any organisation or medical practice. Scientific and Medical Equipment leasing allows surgeries, hospitals, dental practices, laboratories, pharmacies, opticians, universities and veterinary practices to easily upgrade technology and avoid equipment obsolescence. Indeed, one of the fastest growing and most popular ways for the sector to finance equipment and technology is through a lease agreement.

Benefits of Scientific and Medical equipment leasing

As well as the ability to frequently update specialist equipment without tying up available cash, a leasing scheme can offer considerable tax benefits. With an operating lease, lease ‘rental’ payments are an allowable business expense that can be set against profit – thereby potentially reducing your tax bill. Other methods of equipment acquisition, such as outright purchase, do not have the same level of tax benefit.

Leasing offers the flexibility to acquire the latest technology required straight away to ensure equipment is up-to-date, reliable and accurate to provide the highest quality of care for patients and optimum results. It prevents having to delay the implementation of plans until sufficient funds become available, enabling new technology to be adopted instantly.

Most types of Scientific and Medical equipment can be leased

From a dentist’s chair or a hospital bed to an entire operating theatre, a wide range of specialist equipment can be leased as well as entire projects. Other lease options include furniture, computers, security systems and even maintenance agreements. You can choose any combination of equipment and technology from multiple suppliers for your lease agreement.

Some of the most common types of scientific and medical equipment that can be leased include:

  • diagnostic equipment
  • surgical instruments
  • decontamination equipment
  • hospital beds and furniture
  • imaging technology
  • pharmacy equipment
  • laboratory equipment
  • surgery fit outs
  • security systems

 

WestWon Limited has a wealth of experience in providing asset finance solutions for the scientific and medical sectors. For more information, download the WestWon Fact Sheet for Scientific Leasing. Tel: 0194 611456 for more information or an instant lease quote.

10 Things Companies Should Know About Leasing Waste Equipment and Recycling Machinery

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Efficient waste management and recycling practices are under the spotlight as never before – both for economic and ‘green’ reasons. Many businesses need new waste equipment – such as balers, recycling machinery, compactors and shredders – but are reluctant to tie up existing capital or lines of credit. That’s why leasing is often a better option than buying. After all, asset finance now helps to fund 27% of all fixed-capital investment in the UK.

Leasing Facts and Options For Waste Equipment and Recycling Machinery

The market for waste compaction equipment has grown significantly over the last ten years and WestWon is extremely active in waste compactor and baler leasing, paper shredder and compactor finance. Here are 10 interesting facts about leasing waste equipment.

  1. Over 50% of companies who buy a waste baler/compactor will rent or lease it
  2. When financed, most balers and compactors agreements are over five years
  3. Suppliers often focus on a weekly cost of ownership
  4. The supplier will normally offer a maintenance agreement with the equipment
  5. There are few cases of customers whom have been mis-sold equipment. We have seen cases of suppliers “up selling,” i.e. selling a machine that is too powerful for the use it is intended
  6. Some suppliers will install equipment for no charge and then remove and sell the waste for a profit
  7. The market is fragmented, with highly professional and successful suppliers at one end of the spectrum and small skip hire/waste disposal companies at the other
  8. There are big differences in the quality of waste equipment. I.e. the thickness of the metal, reliability of the parts etc. We advise all customers to take good care when choosing equipment, and a supplier
  9. Most end user customers who lease or buy a compactor or baler, will ultimately save money via reducing their cost of waste disposal
  10. Waste equipment can range from £1,000 in value to many millions

For more essential information about asset-based finance for waste equipment, download the WestWon Guide to Leasing or call us on Tel: 01494 611 456

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