Leasing VOIP Telephony Equipment As Part Of Your Office Fit Out

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When WestWon moved to its new offices at the Old Rectory in Beaconsfield, Bucks, we undertook a major office fit out – everything from desks, chairs, partitions to boardroom furniture and flooring to laptops and AV equipment. Being a character building, the Old Rectory is full of charm … and also quirks, as we discovered when it came to fitting it out.

Naturally, as a leasing company, leasing the fit out was the obvious solution for us. And as part of our office refit we took the decision to install a new Voice Over IP (VOIP) telephone system – telephony equipment that uses the internet as opposed to a “normal” land line.

Leasing technology as well as furniture

Initially we were slightly dubious about the technology. Will it work? Will the service be secure and reliable? Will the sound quality be OK? Such doubts were unfounded.

Thus far, leasing our telephony has proved a sound business decision. The running costs are not just significantly lower, but the system also offers a number of key benefits.  One example is how well it integrates with our CRM system – simply ‘right click’ on any telephone number in the system and press dial and, within seconds, we’re having a conversation. It is also very easy to set up the system for use from home as long as you have a laptop and an Internet connection.

Integrated telephony leasing

Of course, WestWon has also helped many other companies, large and small, to secure lease finance for their office fit out including telephony systems. In our experience, many sales organisations also choose to install a PBX system on the wall to monitor activity – quite an expensive item and ideal for leasing.  And in general, at around £100 per CISCO handset together with the set up costs, telephony leasing certainly has its attractions for both established and new start up businesses.

For more information about leasing VOIP telephony or any other IT equipment, or indeed any aspect of a planned office move, refurbishment or fit out, please contact WestWon on Tel:01494 611 456.

Finance Your Office Fit Out Or Refit Without Compromising Your Cash Flow

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Whether you are looking to refurbish or refit your existing work space or are fitting out brand new offices, leasing can help you create your dream work environment. From planning and design to interior finishes and furniture, a lease agreement can provide a flexible and tax efficient way to finance your plans.

Download our Dream Office Fit Out brochure now

Office Refits and Fit Outs Boost Staff Productivity

Refurbishing your office environment can significantly improve efficiency, enhance your corporate image, improve staff morale and increase your ability to attract new clients. However, paying upfront to fit out your new business premises can be a significant drain on the working capital for most businesses. This is where a leasing and asset finance broker can assist

Businesses are increasingly using leasing to finance entire office refurbishment projects including lighting, flooring, furnishings, computer equipment and even moving services. Leasing provides added convenience and flexibility, with everything covered under one agreement. This means you only need to pay one monthly or quarterly payment for multiple suppliers.

Furniture and Fit Out Leasing Protects Cash Flow

You can choose exactly what you need without compromising your cash flow or existing lines of credit. Asset-based finance allows you to spread the cost of the project over a number of years, benefit from the investment straight away and easily upgrade technology or interiors at a later date. Lease payments can even be tailored to match seasonal cash flow and be set against profits to potentially reduce your tax bills.

A wide range of office furniture and equipment, from PCs and printers to workstations and seating, can be leased to help you create the inspiring work space your business requires. Services like removals or interior design consultants can also be incorporated. In fact, almost every element of an office refurbishment project can be considered for leasing.

What Can Be Leased For An Office Fit Out?

Some of the types of equipment and services that can be leased are:

  • IT equipment (e.g. computers, tablets, printers)
  • IT Software
  • Flooring
  • Office furniture
  • Lighting
  • Photocopiers
  • Removals services
  • IT relocation specialists
  • Interior design services
  • Specialist seating
  • Stationery
  • Signage
  • Repairs and maintenance
  • Office partitions
  • Air conditioning
  • CCTV and security systems

For more information about leasing for an office fit out or furniture, download the Dream Office brochure or call our office fit out team on Tel: 01494 611 456

 

Calculate The Cost of Leasing v. Buying Equipment For Your Business

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Obtaining an outline leasing quote could not be easier. And doing so will help your business compare the cost of leasing versus buying the capital assets you require within seconds. The interest  payable on a leasing deal will depend on the amount you finance, the term of the agreement and frequency of repayments. It works just like a mortgage – the shorter the term, the less interest paid.

The table below compares the cost, for example, of a £10,000 lease agreement over various terms.

Capital cost of lease agreement (excl VAT)Length of lease periodMonthly repayment (excl VAT)
£10,0002 years£464.00
3 years£322.00
5 years£208.90

 

For an instant leasing quote, why not try the WestWon lease cost calculator now? (Please note that rates quoted are for illustrative purposes only and payments will vary according to your company’s individual circumstances and leasing requirement.)

If you are thinking of leasing your equipment, machinery, office furniture, office fit out or IT hardware, software and services, there are a few points you should remember:

Top Tips for Leasing
  • First and foremost, if something seems ‘too good to be true’ it may well be not what it seems.
  • What are the early settlement terms and notice required to terminate the lease before the end of the agreed lease period? Ensure that you are aware of any early exit penalties there may be in the contract.
  • Always read the small print. If there is a service contract associated with the lease contract, ensure that you know what it covers and what rights you have should you not be satisfied either with the performance of the equipment or with the quality of service you receive. In particular, check what happens if you wish to terminate both the lease and service contract, for example, should the leased equipment continually malfunction.
  • Scrutinise your potential supplier closely. Find out how long they have been trading and ask for reference sites.
  • If you have to pay a supplier a deposit, make sure it is correctly documented and inform the leasing company.
  • Take particular interest in any settlement figures that you wish to include in a new lease when upgrading an existing lease. This is especially important when dealing with photocopiers.
  • Look out for additional charges such as documentation fees and administration fees, so you have a full understanding of total costs.
  • Don’t sign a ‘certificate of satisfaction’ or ‘certificate of acceptance’ before you have received delivery of the equipment as this document releases the money from the leasing company to the supplier.

 

For all your leasing queries, please contact WestWon on Tel: 01494 611 456 or alternatively, you can download more information about how to get the best leasing deals here – Financing Your Business Plans: Free Guide to Leasing

Leasing Demand Surges As Asset finance Increases By More Than A Third In December 2013

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WestWon has seen extremely positive trends in leasing demand over the past few months and this  experience is born out by figures released on 7th February 2014 by the Finance & Leasing Association (FLA) showing that asset finance new business grew by 34% in December 2013 to £2.2 billion, the strongest monthly rate of growth for almost 6 years.

The full year figures for 2013 show that new business for asset finance deals of up to £20 million grew by 4%, making it the fourth consecutive year of growth in the sector. There were positive figures across the market, with growth of 14% in IT equipment finance and 9% in commercial vehicle finance, compared with 2012. Modest growth was also reported in business car finance, plant and machinery finance, and business equipment finance with increases of 1%, 4% and 1% respectively.

Commenting, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA said:

“The asset finance market reported its highest level of new business for three years in December, suggesting the long-awaited recovery in business investment may well have begun.

“The recovery in the UK economy so far has been driven by the services sector and supported by almost £15 billion of asset finance provided to businesses in that sector last year.”

In 2013 FLA members provided £84.7 billion of new finance to UK businesses and households. £22.4 billion of finance was provided to businesses and the public sector, representing around 29% of all fixed capital investment (excluding real property and own-account software) in the UK last year.

For more information see www.fla.org.uk

To discuss leasing options and get an instant quote for equipment, machinery, furniture and fit outs,, call WestWon on Tel: 01494 611 456 or email [email protected]

 

Why Not Ask Your Supplier About Lease Finance For New Equipment, Machinery, IT, Furniture, Fit Outs And Related Soft Costs And Services?

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Leasing now helps to fund 27% of all fixed capital investments in the UK. So it’s hardly surprising that more and more resellers are offering their customers a lease v purchase option.

Even if your chosen supplier doesn’t already offer leasing for capital equipment, you can ask them to contact a leasing company such as WestWon. Or if you prefer contact us directly to discuss a highly competitive leasing deal.

Why Do Many Resellers Already Offer Customers A Leasing  Option?

Simply because it helps their customers and there is no reason not too from a supplier standpoint as they still get paid for their goods andor services upfront – but by the leasing company rather than the customer.

Leasing enables customers to:

  • Spread the cost over time in line with the expected ROI on their investment
  • More easily select the equipment that better meets their needs.
  • Upgrade more often in the future, avoiding technology obsolescence.

Download the FREE ESSENTIAL GUIDE TO LEASING for more information.

WestWon provides a range of support options for resellers who wish to offer their customers a finance option. And if you haven’t already chosen your supplier, we can also recommend suppliers that can meet both your product and finance needs.

Offering a great leasing deal has benefits for both suppliers and customers. For more information about the type of leasing deals you can consider (or offer, if you are a supplier) simply email [email protected] or Tel: 01494 611 456. We’d love to help.

 

 

How To Calculate the APR on a Leasing Deal?

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If you are considering leasing v buying your business equipment, the next step is usually to look at your available leasing options in some detail. At this stage, it is very helpful to know how to calculate the APR (Annual Percentage Rate) on a leasing deal.

How Much Interest Am I paying On My Leasing Deal?

In order to calculate the APR on a leasing agreement, you need to know:

  1. The capital value of the equipment
  2. The Term over which you wish to lease and lease profile
  3. The lease rental payment
Sample Lease Cost Calculation

Let’s look at a typical equipment leasing example:

  • The equipment you wish to acquire is a computer system with a Capital Cost of £10,000.00
  • The lease rental agreement is based on 36 monthly repayments with one month payable on delivery
  • The quoted lease rental payment is £320.00 per month

In this example, the total rental repayments come to £11,520.00, comprising of the Capital Cost of £10,000 plus total interest of £1,520.

Working out the Leasing Deal APR

The next step is to work out what the flat rate interest is on your deal. To do this you simply divide the total interest payable by the number of years. In our example:

  • Interest of £1,520.00 over three years equals £506.70 per year.
  • Divide this annual figure of £506.70 by the Capital Cost of your equipment; in this case £10,000. This gives you a flat interest rate of just over 5%.
  • The APR is roughly twice the flat rate, hence the APR in our  example is 10%

As a first step, why not try the WestWon lease calculator to work out a sample lease rental cost for your required business equipment, or call WestWon asset finance experts on Tel:01494 611 456 for more information.

New Year, New Office Furniture And Fit Out?

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Whether refurbishing your existing office premises or launching a new start-up, companies today are rightly turning to lease finance to fund their new and improved working environments. And furniture is a key element in any office fit out project plan.

Furniture can be stylish to reflect your brand image and it certainly must be practical and withstand wear and tear. Whatever you brand and range you choose, leasing office furniture and office equipment as part of your office fit out project makes perfect sense as it allows you to spread the cost over the useful life of these items.

When it comes to selecting office furniture as part of your office fit out, there are few limits on what can be included in a lease agreement: Typical items of furniture that companies lease include:

  • Office desks
  • Office chairs
  • Office pedestals
  • Office boardroom tables
  • Office boardroom chairs
  • Meeting room tables and chairs
  • Office reception desks
  • Office receptions tables, chairs and sofas
  • Office AV systems
  • Appliances for office canteens and kitchens
  • Office canteen tables and desks
  • Office staff room furniture
  • Office gym equipment

Furniture leasing is flexible and cost-efficient

The workplace environment has a major impact on employee productivity and morale as well as company image. Leasing allows our customers to acquire the type of furniture they need, when they need it, without upfront capital outlay. Companies simply choose the items they require now and pay for it through regular tax deductible payments over the useful lifecycle of the investment – normally 2 to 5 years.

Staged lease payments for office furniture

You can arrange for the lease payments for your furniture to start as and when it is delivered, regardless of when you receive funding for other parts of your office fit out project.

For more information about including office furniture and office furniture packages within an office fit out lease agreement, please contact WestWon on Tel: 01494 611 456 or email [email protected]

Assmann Office Furniture Suppliers and Leasing Solutions

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Assmann furniture was founded by Henrich Ahsmann in 1939 when he took over a small village workshop in 1939. The company is now renowned for selling good quality desk and storage systems for offices. Their lower to middle priced furniture is produced out of their modern factory in  Lower Saxony, Germany. Assman have a UK showroom at 75A Turnmill Street , London EC1M 5SY where the company showcases a range of desks and seating systems, meeting room furniture, storage containers, partition wall systems, cabinets, reception desks and furniture, shelves and acoustic solutions.

Assmann furniture suppliers

WestWon presently works with a wide range of Assman office furniture suppliers in the UK and is proud to be associated with the company. If you are looking for a local supplier of Assmann office furniture, please call WestWon on Tel: 01494 611 456 and ask for our office furniture leasing team. Alternatively you can email [email protected]

Why Lease Office Furniture and Office Fit Out Projects?
  • Leasing your office furniture installation means there is no need tie up capital upfront to acquire assets that have a useful lifespan of 2-5 years or more. Once you make a set initial payment, you can start using your office furniture and equipment immediately, while spreading payments over your selected lease rental payment period.
  • Lease rental agreements do not affect your existing lines of credit and can be set against profit, thereby potentially reducing tax bills.
  • Asset finance payments can be tailored to match seasonal cash flow. You can also choose a fixed interest rate, which protects against interest rate rises and enables you to plan your budget effectively.
  • Updating office equipment often requires office furniture, equipment and services from various sources. You can include multiple items under one monthly payment for simpler budgeting and financial management.
  • WestWon uses a state-of-the-art online quotations system, providing instant quotations and highly competitive rates. There is no easier way to assess your options.

You can download our FREE GUIDE TO LEASING to find out more about how to arrange lease finance for your office furniture or fit out project.

Planning and Designing Your Office Fit Out? Think Leasing…

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Whether refurbishing your existing office premises or launching a new start-up, companies today are rightly turning to lease finance to fund their new and improved working environments.

Planning an office revamp or fit out can contain many elements, not just – although very important – furniture and office equipment, but also fittings, flooring, partitions, lighting, IT technology, computers, photocopiers, telephony;  in fact, everything – including the staff room kitchen sink – you need in place to ensure good employee morale and increased productivity.

Of course, planning and designing an office fit out or refit can be expensive and it makes complete sense to review your funding options fully before committing to a large upfront capital payment.  Tools such as WestWon’s instant Lease Calculator can provide an instant quotation to compare the cost of leasing office furniture and related project items and services versus buying them outright. Spreading the cost of office refits and fit outs over time is just one of the benefits of leasing:

Advantages of leasing office furniture and fit outs
  1. Lease payments can be set against profit, thereby potentially reducing tax bills.
  2. Flexibility and cash flow boost: you can obtain the business equipment and technology you need without tying up available cash and lines of credit.
  3. Your business can also get an instant Return on Investment as once you make a set initial payment, you can acquire and start using the asset immediately, while spreading payments over the useful life of the equipment.
  4. Flexible repayments: lease payments can be tailored to match seasonal cash flow. You can also choose a fixed interest rate, which protects against interest rate rises and enables you to plan your budget effectively.
  5. Avoidance of equipment obsolescence and easier upgrades in the future: increasingly vital as more and more businesses are becoming technology-driven.

Call us now on Tel: 01494 611 456 for further details and an illustration of how office fit out leasing can benefit your business and support planned office design projects.

Top Tips For Office Furniture and Fit Out Leasing Options

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Furniture Leasing from WestWon

WestWon has a long-standing heritage in the furniture, office equipment and fit out leasing marketplace and continues to invest heavily in the sector. We focus, in particular, on innovative technology, excellent service, highly competitive rates and tailored lease agreements.

Furniture Leasing and Fit Out Leases are Flexible and Cost-efficient

The workplace environment has a major impact on employee productivity and morale as well as company image. Leasing allows customers to acquire the type of furniture they need, when they need it, without upfront capital outlay. Companies simply choose the items they require now and pay for it through regular tax deductible payments over the useful lifecycle of the investment – normally 2 to 5 years.

Furniture Leasing is Fast

The process of securing a lease agreement is also far quicker and easier than that of obtaining a loan or overdraft extension from a bank to fund furniture purchases. With leasing not only do customers retain all their existing lines of credit, it also makes also makes it easier for them to expand and refresh their requirements and company image in the future.

Choose a Well-established and Reputable Leasing Company

Founded in 2006, WestWon is a member of the National Association of Commercial Finance Brokers (NACFB) and an Associate Member of the Finance and Leasing Association (FLA). WestWon adheres to industry best practice and we pride ourselves on providing an excellent level of service and complete transparency on all agreements.

WestWon Office Furniture Leasing Customer Testimonial

Seco Tools is an example of a WestWon lease finance customer who undertook a complete facility refit  including furniture.

“Working with WestWon was easy, very easy.  I used Furniture 23 for the furniture package. They put me in contact with WestWon and from there it was just ticking boxes and logical steps – and very easy.  The leasing was the easy part of my job!”  Paul Hipkin, Project Manager, Seco Tools.

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