What is equipment leasing?
Equipment leasing is a solution that businesses both large and small are utilising. It improves cash flow and enables your business to make several investments. Leasing opens your business to a number of avenues whether you are a supplier or a customer.
Choose the right lease agreement
With equipment leasing there are two agreement types: lease rental (finance lease) and lease purchase (hire purchase).
Here is a breakdown of the two agreement types:
The benefits of equipment leasing
1. Preserve cash flow
2. Pay for the equipment as you use it
3. No need to pay the VAT up front
4. A new source of funding
5. Tax benefits
6. The benefit of easier budgeting
7. Using a revenue budget as opposed to a capital budget
8. Avoids obsolescence
What can you lease?
Here at WestWon we can arrange a lease agreement for near enough anything. We finance a number of different assets from the most common to the most niche.
Visit Our Assets We Finance Page
What sectors does WestWon work in?
As a finance company it is clear to say that we have managed to get ourselves involved in a number of sectors. Whatever sector you are in, WestWon is sure to be able to make some arrangements.
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What is equipment leasing? Hopefully this is post has answered that question for you or at least given you a small insight into the leasing world.
If you do want some more information of equipment leasing get in touch with us, and we are happy to have a chat or even arrange a meeting with you.
