July 2024 - WestWon

Tips on Getting the Most from Selling Your Leasing Broker

July 15, 2024/0 Comments/in Acquisitions, Blog/by George Shillingford

One way to increase revenue and streamline operations is to work with a leasing broker to help your company acquire assets like machinery, vehicles, or technology. But what if you could go even further and get the most out of selling your leasing broker? That’s where this blog post comes in! We’ll share tips and tricks to help you maximise your profits and make the most out of this popular financing strategy.

1. Choose the Right Broker

The leasing broker you work with can make all the difference in your profits. It’s essential to select someone with ample experience and expertise in your industry. They should also have a broad network of connections and be able to offer competitive rates. Before signing a contract, do your homework. Excavate their reviews, ratings and feedbacks online or reach out to previous clients who have worked with them to make sure they’re trustworthy and well-regarded.

2. Be Clear and Specific About Your Needs

It’s crucial to clearly communicate your company’s specific requirements to your leasing broker. Are you looking to acquire equipment for a particular project? Or do you need a long-term deal on a fleet of company vehicles? The clearer you are about your needs, the easier it will be for your broker to find suitable leasing options that fulfil your exact requirements.

3. Upfront Payment

Another method of getting the best deals out of your leasing broker is to offer to pay upfront payments. Whilst this method isn’t suitable for every kind of leasing contract, it’s worth considering as it can provide significant savings on overall costs.

4. Contract Review

Before signing on the dotted line, run through the proposed contract with your broker and review all the terms and conditions to ensure they align with your interests. Look out for hidden fees that might drive up the overall leasing expenses. Ensure you understand the specifics of the lease transaction and agree to all the terms and conditions in writing.

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In conclusion, working with a leasing broker can be an excellent way to acquire assets and grow your business efficiently. However, it’s essential to stay on top of the process by selecting the right broker, communicating your needs clearly, and negotiating the best deals possible. Also, remember to review all contracts thoroughly before signing and never pay for more than what you’ve agreed on. By following these tips, you can be sure to get the most out of selling your leasing broker and maximise your business profits. Contact us here at WestWon to find out more tips on getting the most from selling your leasing broker.

WestWon Acquires Finance & Leasing Solutions Limited

July 11, 2024/in Uncategorized/by George Shillingford

WestWon are pleased to announce the acquisition of Finance & Leasing Solutions Limited, our 21st broker acquisition and our second of 2024.

Peter Richardson founded Finance & Leasing Solutions 24 years ago. Based out of Maidstone, Kent, the company focuses mainly on the financing of commercial vehicles for SME companies across a range of sectors. The business has built a number of long-standing customer and supplier relationships and friendships in that time.

Having worked in the Asset Finance industry for 46 years in total, Peter has decided now is the correct time to retire, we wish him well.

Peter mentioned, “My main concern in retiring and passing on the baton is that my customers and suppliers receive the same levels of service and expertise to which they have become accustomed to. WestWon has a team with a vast range of experience and good contacts with funders. I retire knowing that my customers and suppliers are in good hands, and I hope WestWon can continue to build on the relationships we have forged.”

Jeremy Hall, WestWon CEO added, “I’d like to congratulate Peter on a wonderful career, and we wish him all the best in retirement. WestWon has been operating in the commercial vehicle finance sector for the past 7 years and this latest acquisition shows our intention to continue to grow this market sector as part of our asset finance portfolio.”

Jeremy added, “We’d like to welcome all of the FLS customers to WestWon and would to ensure them that it’s business as usual. For any queries regarding your current finance agreements please feel free to contact us. Alternatively, your dedicated account manager will be in touch shortly to introduce themselves.”

For more information please contact a member of the WestWon team on 01494 611 456.

WestWon Attend SME MK and Buckinghamshire Business Awards

July 3, 2024/in Blog/by George Shillingford

Last week, the team at WestWon had the pleasure of attending the SME MK and Buckinghamshire Business Awards, a prestigious event that brings together the best and brightest businesses from across the region. Held at the Double Tree Hilton at football team MK Dons Stadium, the awards ceremony celebrates the outstanding achievements of local enterprises and provides a fantastic platform for networking and collaboration.

We were thrilled to be nominated as finalists for the Sustainability Award, a category that recognises businesses making significant strides in environmental responsibility and sustainable practices. Although we did not take home the trophy, being recognized as a finalist is a testament to our ongoing commitment to sustainability and our efforts to integrate eco-friendly practices into our asset finance solutions.

The evening was filled with excitement, camaraderie, and a true sense of community. It was an honour to be surrounded by so many inspiring business leaders and innovators from Buckinghamshire. The awards ceremony not only celebrated individual and collective successes but also highlighted the dynamic and supportive business environment within our region.

Networking with fellow attendees was one of the highlights of the night. We had the opportunity to connect with like-minded professionals, share insights, and explore potential collaborations. It was encouraging to see so many businesses dedicated to making a positive impact in their respective fields, and we left the event feeling inspired and motivated to continue pushing the boundaries of excellence in our industry.

We would like to extend our heartfelt congratulations to all the winners and finalists of the evening. Your achievements are truly commendable, and we are proud to be part of such a vibrant and innovative business community.

At WestWon, we believe in the power of collaboration and the importance of sustainable growth. Our nomination for the Sustainability Award reaffirms our dedication to these values, and we are more committed than ever to driving forward with our sustainability initiatives.

Thank you to the organisers of the SME MK and Buckinghamshire Business Awards for hosting such a memorable event. We look forward to continuing our journey towards excellence and sustainability, and we are excited about the future possibilities that lie ahead.

Here’s to another year of growth, innovation, and collaboration within the Buckinghamshire business community!