Commercial Vehicle Leasing Options

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Purchasing a commercial vehicle outright can be a significant expense, and it makes financial sense to spread the cost of your purchase over time by financing instead. Not to mention, when you finance your commercial vehicle, particular agreement types with give you access to tax benefits not available when paying cash upfront.

Furthermore, choosing to finance your commercial vehicle frees up more cash in the short term, allowing you additional flexibility with other projects or investments. All things considered, financing is an invaluable financial tool that allows businesses to make larger purchases or investments without taking too much from their bottom line upfront.

So, let’s explore your options when it comes to financing your commercial vehicles…

Finance Lease

The idea of a finance lease for commercial vehicles is relatively simple and straightforward. The finance company buys the vehicle for the business, who then pays a fixed monthly fee to use it over an agreed term.

This type of leasing has no large initial outlay, and there are generous tax allowances available. Thus making this kind of leasing ideal if you’re looking to conserve capital expenditure or manage cashflow better.

Benefits of this agreement type include:

  • VAT is spread throughout agreement term
  • Choice of fixed rentals
  • Rentals are tax deductible
  • Improved cash flow

Hire Purchase

Hire purchase is a viable option for those looking to purchase commercial vehicles. The agreement outlines that you, as the buyer, would pay an initial deposit and then agree to make monthly payments for the remainder of the overall cost. This initial payment reduces the amount of credit needed from the finance company, leading to lower interest rates over the life of the agreement.

Unlike an operating lease, hire purchase allows you to own the vehicle at the end of its payments, but gives you rights to use it before that point. This can be a great option for businesses who need more flexible repayment plans and don’t want to tie up large amounts of capital all at once.

Benefits of this agreement type include:

  • Ownership at end of agreement term
  • Choice of fixed rentals
  • Improved cash flow
  • Interest on rentals is tax deductible

Sale & Leaseback

Sale & leaseback is an attractive alternative financing option for commercial vehicle owners. It involves selling a vehicle that you own and leasing it back from the buyer. Many businesses go down this finance route to maximize cash flow and preserve their cash to be used elsewhere in the business.

However, please bear in mind that sale & leaseback is only eligible for assets purchased within the last 6 months.

Benefits of this agreement type include:

  • Release capital against existing vehicles (purchased within the last 6 months)
  • Choice of fixed rentals
  • Instant cash injection that will improve cash flow
Contact Us

Here at WestWon we have an expert fleet finance team that can source a finance agreement best suited to your business. With our industry leading rates and attentive customer service, rest assured you are in good hands. Give us a call today on 01494 611 456, or send an email to [email protected]

See what commercial vehicles we can finance here.

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Celebrating International Day of Forests 2023

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Every year, March 21 marks the International Day of Forests. This year’s theme is Forests and Health, and this special day is a great opportunity to recognize how forests positively contribute to our lives in so many ways. From providing food, shelter, oxygen production, carbon storage, to water filtration, soil stabilization and biodiversity protection —it’s clear that forests matter! Let’s take a look at why this day is so important.

The Importance of Forests

Forests are vital for people’s livelihoods around the world. Forests help regulate water cycles, prevent soil erosion, clean air, and absorb carbon dioxide from the atmosphere. This meaning that they play an important role in mitigating climate change.

In light of this importance, the International Day of Forests was established by the United Nations in 2013 with the goal of raising awareness about sustainable forest management and conservation efforts around the world. This day offers us an opportunity to celebrate successes such as reforestation and protecting threatened species. Nonetheless, it also gives us the chance to recognise challenges such as deforestation and cultivate change.

How Forests Support Human Health

Forests play an essential role in our health, providing many important benefits. Trees process air pollution, removing harmful particles and toxins from the air we breathe. This helps to decrease the number of illnesses caused by air pollution-related diseases such as asthma and cancer.

Forests also provide us with sources of clean water, which are crucial to our well-being. They act as natural water filtration systems which keep waterways clean and suitable for drinking purposes.

In addition, forests play a big part in reducing the shift in climate that has been observed due to global warming by storing large amounts of carbon dioxide and helping to regulate global temperatures. All in all, forests are fundamental to our long-term health and need to be protected for us and future generations.

What Can You Do?

International Day of Forests provides us with an opportunity to reflect on our own actions related to forests and what we can do every day to make sure they keep providing us with clean air, fresh water, food security, jobs, recreation opportunities—and so much more! Here are some simple things you can do:

  • Get involved in local tree planting opportunities. We have volunteered through Protect Earth before, they hold a whole range of tree planting opportunities all across the UK. Read all about our tree planting day in Cheltenham here!
  • Reduce your consumption of wood products whenever possible by opting for FSC certified products
  • Support businesses that prioritise sustainable forestry practices
  • Sign petitions that support protecting our endangered forests

On International Day of Forests 2023 we honour all that forests provide for us throughout history—and all that they will continue doing for future generations if we take action now! We challenge you to take part in this celebration by making small changes today that have a big impact in years to come.

WestWon are proud sponsors of Burnham Junior FC

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Supporting our local community has always been something we care about deeply. We recognise the power of community and strong relationships among members.

That’s why we have recently become sponsors of the Burnham Junior U14s Sabre Blue Boys – a group comprised of local children who devote countless hours and energy to their passion.

Our sponsorship will go towards helping keep the team going. This means our contributions will go towards providing kits and equipment, as well as support for coaching staff. Ultimately enhancing the boys’ experience in their beloved sport. We want them to know they are always supported, appreciated, and respected by their local community!

Since the start of the season 2022-2023, we have sponsored a team made up of local boys from Burnham and High Wycombe. We are also proud to say that the team currently sits second in the East Boys Alliance League!

Hear from the team management…

The team itself is managed by a client of WestWon who have financed vehicles and plant equipment for his business. Jeff Brown, team manager, speaks on what WestWon’s sponsorship means to the team.

“The boys are so grateful for the generosity shown by WestWon. In these tough and uncertain times any form of sponsorship is rare to come by. WestWon have sponsored a full Nike home and away kit.”

David Holley, chairman of the football club and WestWon employee, also speaks on what the sponsorship meant to him.

“It made me so proud to see all 31 teams wearing their brand new kits on match day.”

Additionally, WestWon CEO Jeremy Hall makes a statement on what sponsoring the team means to him.

“Supporting local sports teams also helps to create strong bonds between members of the community and encourages physical activity among young people. So, we are delighted to be able to support the team. Here’s to Burnham Junior U14s Sabre Blue Boys — may you have many successes!”

Contact Us

We are always looking for ways in which we can give back. Please get in touch if you are holding or just aware of any community-based projects in the Buckinghamshire/ Berkshire area! We would love to get involved, give us a call on 01494 611 456, or drop an email to [email protected]

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01494 611 456

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