10 reasons you should finance your equipment now

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Purchasing equipment for your business is not a small investment. It can require considerable upfront payments. Sometimes, the equipment may be out of your budget. However, financing is the perfect solution for acquiring assets you need to grow your business. In this blog it will look at the top 10 reasons why you should finance your equipment now.

Top 10 reasons

  1. Increase cash flow: Financing allows you to pay for your equipment over a longer period, which means you’ll have more cash flow to invest in other areas of your business.
  2. Tax benefits: When you lease equipment, you can save money on taxes as your monthly lease payments are tax-deductible.
  3. Competitive edge: By financing equipment, you’ll be able to utilize the latest technology. This can help you stay ahead of your competitors, who may be using outdated equipment.
  4. Fixed payments: Financing offers a fixed payment plan, which allows you to predict expenses and budget accordingly.
  5. Flexibility: Financing enables you to choose the payment terms and interest rates that suit your business needs the best.
  6. Asset protection: With financing, you can avoid your assets becoming obsolete. Because you can finance equipment for several years, you can easily upgrade or replace it when it’s no longer useful.
  7. Risk management: Financing reduces the risk of ownership. By leasing, you avoid being responsible for depreciating assets, which can significantly affect your business’s finance statements.
  8. Preserve capital: Financing preserves your capital, which can be used for other investments, such as product development, market research, or expansions.
  9. Fast approval: Financing options like leasing and asset finance are quick to approve, which means you can get the equipment you need generating income faster. Here at WestWon we will ensure to get back to you within a 24-hour period.
  10. It’s cost-effective: Financing equipment is a cost-effective strategy to acquire the assets you need without hindering your business’s cash flow.

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In conclusion, financing your equipment comes with numerous benefits that can help grow your business. From increased cash flow to fixed payments to asset protection, there are plenty of reasons why you should consider leasing or financing your equipment. Choose a financing option that suits your business needs and understands what you’re signing up for. Contact us today on 01494 611 456 to speak to a member of our team about further information on the 10 reasons why you should finance your equipment now.

Computer Equipment Leasing – your questions answered!

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A large number of businesses in the UK are now considering leasing their computer equipment. Several of the benefits include helping your business’ cash flow, planning budgets and being able to afford the latest technology. This is also important for new start-up businesses who are looking to minimise costs and spare their budget. However, even bigger businesses such as schools, hospitals or other workplaces need computer equipment. So what better option is there than to lease!

Here at WestWon, we are experts in providing finance and leasing options within the IT and computer equipment sector. We work together with some key suppliers and manufacturers in the industry. So you know you are being offered the best of the best when we recommend a company to a client! WestWon can also provide the most competitive prices, leading to our view that giving cheap lease rates ensures we do more business together in the future.

Frequently Asked Questions

How quickly can a lease for computers be arranged?

Applications can be accepted within a few hours. This means that once the documents have been signed, your computer equipment is delivered. The agreement is then activated within 2 working days. In this instance, we aim to get this done as soon as possible.

At the end of the lease can I decide to keep the equipment?

In short, yes, you have the option to pay for and own the equipment at the end of the lease. However, you are also given the option to continue leasing from us as well as return the equipment back to us. WestWon provide all these options to keep you, our customers, happy!

Can WestWon recommend a supplier or manufacturer from the sector?

Yes, we work alongside several providers and producers of computer equipment. Therefore, we would be happy to assist. At the same time, we are more than happy to work with a supplier or manufacturer of your choice.

More information

At WestWon, it is imperative that we offer high quality customer service. This is why you can easily lease or finance computer equipment for your business. This includes installation and setup. Nowadays, computer and IT equipment is becoming more and more used, as well as ever-changing. This is why leasing is so important. We can deliver your equipment smoothly and efficiently. There is a high probability that here at WestWon we will be able to provide you with what you are looking for. This can be in terms of our large range of funders and IT equipment finance.

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To view other assets we finance then please click here. We have been authorised and are fully licensed by the FCA. Alternatively, to get in touch with a member of our team, please call 01494 611 456 or email us [email protected].

WestWon Relaunch Systems Finance Division

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We are delighted to announce the relaunch of our WestWon Systems Finance division.

From the outset, WestWon and our previous company, Wyse Leasing, has always been focused on options including financing technology, computer hardware and associated IT equipment. Wyse Leasing grew to be one of the largest IT finance brokers in the UK before being sold to IT funder CHG Meridian in 2009. WestWon have been financing technology ever since, including acquiring the business Technology Leasing Limited in 2020.

Hear from the CEO himself

Talking about the significant changes over the last ten years, WestWon CEO Jeremy Hall explains:

“Years ago, there where tens if not hundreds of PC manufacturers, names such as Time, Evesham, Mesh, Elonex, Gateway and Mustard to name but a few. You then have the bigger companies such as IBM, Dell and HP. Many of these smaller manufacturers have since disappeared, just leaving the big brands.

The route to market has also seen significant changes. We used to have access to a list of 20,000 UK IT suppliers that would sell and install IT equipment. Nowadays, many companies buy their IT kit direct from the manufacturer. Similarly they can buy it via a large reseller such as Softcat or Bytes or even PC World.

Even with all these changes, there is still a massive requirement for IT and software finance in the UK. We saw this in our analysis of last year, many of our biggest leasing deals were for IT and software. Our Systems Finance division will focus on developing existing relationships with our Technology suppliers, offering the most efficient and easy to use processes in the broker market. We’ll be looking to then roll this out to new suppliers who don’t yet have a relationship with WestWon.”

More information on our WestWon Systems Finance division will be released soon. For any queries please give a member of the team a call on 01494 611 456 or email [email protected].

What is equipment leasing?

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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.

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Benefits of Leasing Equipment for Suppliers

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Benefits of Leasing Equipment for Suppliers Stand out from all your competitors and consider offer a leasing options for the equipment your business may supply. Understand the benefits of leasing equipment and how it can have a positive impact on you winning more business.

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