Insurance Loans

Thousands of businesses in the UK use leasing and business loans to support their growth. How can we help you?

Insurance Loans

Thousands of businesses in the UK use leasing and business loans to support their growth. How can we help you?

Insurance Loans from WestWon

Under the terms of a lease agreement, all assets subject to a lease need to be insured. Often, the finance company will add this insurance onto the lease repayment and charge you directly for this.

WestWon are able to help organise loans for Insurance of lease assets via a number of long term relationships we have. If you have any concerns regarding insurance or require any further information on insurance loans, please speak to a member of our team now.

Call us on 01494 611456

Loans from £3000 Business Loans, Leasing and asset finance WestWon — Loans from £5,000

WestWon Business Leasing & Asset Finance - Decision in 12 hours — Same Day Approval

Business Loans, Leasing and asset finance WestWon Rates from 3% — 5* Customer Service

Leasing and asset finance WestWon 90% acceptance rate — 95% Acceptance rate

Benefits of Loans for Insurance

Cash flow
Allowing you to keep funds in your business for other uses
Alternative funding lines
No need to use up an existing bank facility
VAT
On rental agreements VAT is paid in the rental, not in full and upfront
Tax planning
Using a lease purchase agreement, if your investment in assets in one year is £200,000 or under, subject to some HMRC conditions, this expenditure can be fully offset against Corporation Tax. For many customers, a lease rental is a great solution as all rental repayments are allowable against Corporation Tax

Budgeting
A lease repayment covers the cost of the equipment and interest. This makes internal allocation of costs very easy for those companies wishing to divide the cost by headcount, department or even square footage
Budgeting
It’s easy to budget for a fixed rental payment over a three or five year term
Pay for the equipment as you use it
Would you pay a new employee three years’ salary in advance, probably not. So why pay for their desk, computer or car in advance?
Obsolescence
Under the WEEE directive, you have an obligation to dispose of certain assets in an environmentally friendly way. If you rent the equipment, you can just hand it back at the end of the rental term.

Insurance loans example

Company
Loan Value
Term
Repayment
Rationale

Large building company
£800,000 of mobile tablet devices
36 months
Circa £50.00 insurance cost per device
Over 1,200 employees have access to a mobile device in the field, they get damaged and broken on a weekly basis

Call us on 01494 611 456 for further information on Insurance loans

Insurance Loans

Insurance Loans

Insurance Loans from WestWon

Benefits of Loans for Insurance

Insurance loans example

Learn more about loans for insurance of lease assets

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