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.
Allowing you to keep funds in your business for other uses
Alternative funding lines
No need to use up an existing bank facility
On rental agreements VAT is paid in the rental, not in full and upfront
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
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
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?
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
Large building company
£800,000 of mobile tablet devices
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
Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.
Essential Website Cookies
These cookies are strictly necessary to provide you with services available through our website and to use some of its features.
We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.
Google Analytics Cookies
These cookies collect information that is used either in aggregate form to help us understand how our website is being used or how effective our marketing campaigns are, or to help us customize our website and application for you in order to enhance your experience.
If you do not want that we track your visit to our site you can disable tracking in your browser here:
Other external services
We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.
Google Webfont Settings:
Google Map Settings:
Google reCaptcha Settings:
Vimeo and Youtube video embeds:
The following cookies are also needed - You can choose if you want to allow them: