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 boris@westwon.co.uk or Tel: 01494 611 456. We’d love to help.

 

 

Find An Exciting New Career In Equipment Leasing

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Making the right career choice and selecting the right company to work for are possibly two of the biggest influences on future health, wealth and happiness – particularly in the earlier stages of your working life. After all, choosing wisely can put you firmly on the path to fame and/or fortune!

As leading UK leasing company WestWon launches its latest recruitment drive for six Business Development Managers, we thought we’d take a look at why The Old Rectories in Beaconsfield and Leicester are great places for dynamic individuals to further their career ambitions.

Motivated Staff

The management team is focused on motivating individual performance and creating a strong team. So most of the company’s performance incentives include rewards for both sales and administrative staff too.  In the Spring for example, WestWon is going to the West End and later in the year, even further afield – destination, yet to be revealed!

So what WestWon employees think is the company’s main USPs (Unique Selling Point) of being on the WestWon team:

 

“Working at WestWon Asset Finance is great because it’s never a groundhog day.” Jo Bradford, Sales administrator

 

“WestWon is always ready to innovate to achieve its goal to be the UK’s leading leasing company.” Janet Willis, Marketing Manager

 

“I love working for WestWon IT Leasing because the possibilities are endless. I know that any goal is achievable and I have the full support of WestWon to help me to achieve my goals. I also get to dress up like the Incredible Hulk and Noel Edmonds and not look out of place.” Carl Redding, Business Development Manager

 

“Working at WestWon Leasing is great because every day is a new adventure.” George Shillingford, Head of Internet Sales

 

‘Everyone who works here has the same goal in mind – to be part of making Westwon Ltd a bigger and more successful company. The training is fantastic and staff are kept motivated and happy’ Janet Payne, Office Manager

 

For more information about the latest sales opportunities at WestWon Equipment Leasing see here: Business Development Managers. Alternatively you can email boris@WestWon.co.uk  or Tel: 01494 611 456

How Would You Like To Win £1,000?

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Simply for doing your own job well…

Well you can at WestWon under the company’s current sales incentive scheme, ‘The Wheel of Fortune’ – an initiative that shows that WestWon is not only a leading UK leasing company, but also an organisation that is leading the way when it comes to team-building and enhancing employee morale. And what’s more, WestWon is currently recruiting for up to 6 Business Development Managers based both in its Southern Office in Beaconsfield, Buckinghamshire as well as opportunities in its Leicester Office, in Glenfield, Leicestershire. Business Development careers at WestWon come with a good basic salary, benefits and uncapped commission, so really, they offer a dream opportunity for people who aspire to a rewarding customer-focused sales role.

More About the WestWon Wheel of Fortune …motivating achievement and rewarding results 

One of the main attractions of working at WestWon is the company’s ‘work hard, but have fun while doing it’ culture.  The launch of the 2014 sales incentive scheme – WestWon’s very own ‘Wheel of Fortune’ is a prime example of this. The idea behind The ‘Wheel of Fortune’ is simple – on certain days of the month, everyone  in the company agrees a performance objective and is awarded points for achieving it. Excitingly, points equal instant prizes at the end of each ‘sales day’ – anything from cinema tickets to a bottle of champagne to £1,000 in cash!  And as the lucky winner in January 2014 will testify, there’s nothing quite like the buzz created by spinning the wheel and walking away with the month’s ‘Star prize’ – in January a cheque for £1,000!

The management team is focused of motivating individual performance and creating a strong team. So most of the company’s performance incentives include rewards for both sales and administrative staff too.  In the Spring for example, WestWon is going to the West End and later in the year, even further afield  for a team-building conference at a  destination yet to be revealed!

 Time to make your own fortune with a career at WestWon…

If you are interested in finding out more about a career at WestWon please see our current vacancies here. Or call Andy McCready now on Tel: 01494 611 345. It costs nothing to have a chat that could change your life …

“I love working for WestWon because the possibilities are endless. I know that any goal is achievable and I have the full support of WestWon to help me to achieve my goals. I also get to dress up like the Incredible Hulk and Noel Edmonds and not look out of place.” Carl Redding, Business Development Manager

WestWon Is Recruiting Business Development Managers (Asset Finance & Leasing) In Beaconsfield And Leicester

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Are you ready for your next career move? Leading leasing company WestWon Limited is now recruiting 6 business development managers based in Beaconsfield, Buckinghamshire and Glenfield, Leicestershire.

The person

To apply for this role you will ideally have at least one year’s experience in a commercial customer-facing role, for example estate agency, and be able to demonstrate financial acumen, excellent client service skills and competent IT skills.

You will be equally happy dealing with customer and prospects face-to-face and on the phone, and will be motivated by working in a target-driven role. As well as a strong individual performer, you will also be a team player and keen to contribute to the continuing growth of the company. Cold calling is an important element of the role, so if you don’t enjoy picking up the phone, please don’t apply.

The business development role

Business Development Managers are required for the following sectors

  • Office Furniture and Fit Out
  • IT – Hardware, Software and Services
  • Education
  • Internet Sales (Beaconsfield-based only)

After an initial induction period, including training on WestWon’s state-of-the-art CRM system, you will be assigned an area/ portfolio of companies and will work to weekly and monthly performance targets.

The leasing company

Established in 2004, WestWon is one of the UK’s leading and fastest growing leasing companies providing asset-based finance to all types of companies throughout the UK and N. Ireland.

Innovation is an important aspect of the WestWon culture and we use the latest online technology both to manage our customers and market our services.

WestWon specialises in IT leasing, computer leasing, software leasing, office furniture leasing, office fit out leasing and waste and recycling equipment leasing along with many other sectors.

WestWon Education PLC caters specifically for the needs of the education marketplace and has developed the acclaimed WestWon Parent Portal parental donation funding system for schools.

The Package

These roles offer a basic salary based on experience + commission + company benefits including 20 days holiday and pension scheme.

For more information and to apply, please contact a WestWon employee via LinkedIn or Facebook or Tweet to @WestWonLimited. Alternatively, please call Tel: 01494 611 456 stating where you saw the role advertised.

(STRICTLY NO AGENCIES – Please be aware, we will not respond to agencies who contact us about this role)

www.WestWon.co.uk

www.WestWonEducation.co.uk

Entrepreneurial Epoq IT Signs Partnership Deal With WestWon Leasing Company

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Award winning IT Service Provider, Epoq IT, has signed up to the WestWon Partner Leasing Programme in a move that underlines the leasing company’s growing dominance within the IT Sector. As a result, the innovative IT reseller can now offer its customers instant lease quotes as a tax-efficient method of payment for their hardware, software and IT service needs.

Leasing For IT Hardware, Software and Services

Gary Swanwick from Epoq IT commented, “We see the formalisation of our relationship with WestWon as a very positive move for our business, and we are excited to be able to offer very attractive leasing options backed by the expertise and service of a leading leasing company in the sector.

“Since joining forces with WestWon, we have already written a number of leasing deals, with one customer alone having leased IT hardware, software and services totalling more than £70,000.  We are also delighted to be in line to become one of the first resellers to benefit from WestWon’s new ‘Online Leasing Shop’ – due to be launched in Spring 2014.” Gary concluded.

According to WestWon’s Sales Director Andy McCready, “As the winner of Small Business of the Year award 2013, and with Managing Director, Gary Swanwick, having won the award for Entrepreneur of the Year 2013, Epoq IT is a perfect fit for the type of forward-looking organisation that WestWon is delighted to welcome onto the WestWon Partner Programme; and we anticipate a highly successful year working together in 2014.”

IT Leasing Partner Benefits

Working in partnership with WestWon enables resellers such as Epoq IT to offer a range of flexible, tailored finance solutions so that customers can invest in the equipment and technology they need right away, and crucially in the IT arena, upgrade more easily to avoid future technology obsolescence.

WestWon provides a range of support options for reseller partners, who wish to offer their customers a finance option, including

  • Instant quotes and highly competitive rates via the WestWon Partner Portal
  • Dedicated WestWon Account Manager to help you grow your business
  •  Branded finance portals for authorised WestWon partners
  •  Finance partner logo and plaque
  • Sales training and marketing support

 

For more information, contact WestWon on Tel: 01494 611 456 or see http://oldwestwon.wpengine.com/home-page/resellers/

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.

Employees of Wyse Leasing Set Up Successful Companies.

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It is an age old problem that business owners have. You recruit good talent, you train the person and educate them in the way of doing business, helping them to build quality personal relationships with customers and suppliers, only to find they leave to set up their own company in competition.

Whilst some business owners  do not like this, we take a more pragmatic approach. Clearly the individual was good whilst they worked with you, otherwise it would not have been a problem anyway. And if they wish to leave, surly it is better for them to start their own business than join the competition. In the furniture leasing and computer leasing sectors, more often than not, you can work with your competition as opposed to against them.

Wyse Leasing has seen a number of successful leasing brokers set up locally to the offices in Chesham. Plus Finance from Chesham, is one such example. Plus Finance works predominantly in the office furniture leasing sector. Plus Finance is now a well-known and respected furniture leasing company run by ex-Wyse Leasing employees, Nicki Matthews and Steve Pullen.

Based just down the road in Amersham, you have Baker Leasing Limited, run by the charismatic Charles Baker. Charles Baker was a top performing sales person at Wyse Leasing and went on to set up his own company working mostly with computer resellers and helping them with their computer leasing needs.

Then you have Intega Asset Finance Limited based in Hyde Heath, a few miles from Chesham. Glyn Meredith was another ex Wyse Leasing employee that has set up his own leasing company.

There are a few more examples of companies that have been born out of Wyse Leasing. We all still speak to each other and all still get on well, even though we are in competition with each other.

WestWon and CRM Reseller Wizard

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Online leasing company WestWon has recently supplied a leading company in the healthcare engineering market with lease finance for a CRM system solution supplied by Bristol software solutions reseller Wizard Systems. The WestWon lease agreement, set to run over 3 years with a monthly lease rental cost of £127.31, has enabled the company to seamlessly expand their current Customer Relationship Management system.

The customer designs and commissions healthcare facilities and also provides related products and services. Wizard Systems is a specialist supplier of CRM software systems such as GoldMine, Sage CRM, NetSuite, Workbooks, Nimble and HEAT. Wizard was able to supply MET with the lease finance the healthcare company required for its new CRM system within just days of contacting IT equipment leasing company WestWon.

WestWon Offers Instant Online Leasing Quotes

Tim Wilmot of Wizard Systems explains, “Looking for software lease finance for a client based across the water seemed to limit our leasing options dramatically. We saw WestWon online at www.WestWon.co.uk and quickly realised that they specialised in the IT leasing sector, and furthermore, could provide IT leasing facilities companies across the water unlike many other mainland UK based leasing companies.

“We were very impressed with the speed of service we received from WestWon, having received a leasing quote within minutes and documentation soon after. The entire process from our initial enquiry to providing signed documents took just 3 days.  We now have a dedicated WestWon account manager as well as access to the WestWon Partner Portal to enable us to provide a rapid lease.

WestWon Finance Partner Programme Benefits Resellers

WestWon CEO Jeremy Hall commented, “We have invested extensively in the WestWon Finance Partner Programme and those resellers and suppliers who are part of the scheme are delighted with the flexibility they gain from it.  IT and software lease finance is often the ideal solution both for resellers and for their clients, who wish to avoid technology obsolescence and spread payment for their investments over the useful life of the equipment they acquire,

WestWon is a leading UK asset finance company that specialises in equipment leasing for all types of companies in the UK, both large and small. Using the latest technology, WestWon assists organisations to fund capital equipment purchases along with IT requirements and office fit outs in a tax-efficient way that maximises cash flow, by offering quick quotes and fast finance at competitive rates.

For more information see www.WestWon.co.uk or Tel: 01494 611 456 Email Boris@WestWon.co.uk

Low Interest Equipment Leasing Deals Are Ideal For Pre-Christmas Sales Promotions

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Low interest lease finance is a great way for suppliers and resellers to promote selected product lines and, at the same time, help their customers to fund new equipment more easily.

Special leasing deals are in fact ideal solution all year round, and especially towards year end: resellers receive full payment upfront while customers can pay for the equipment they need at a great rate and over a time span that suits them, typically 2-5 years.

Low Interest Equipment Leasing with WestWon

WestWon  is already successfully working with 100s of suppliers and resellers through the WestWon Partner Finance Programme.

As well as providing a dedicated WestWon account manager to help provide customers with the best low interest leasing offers possible in each scenario, we can also set suppliers and resellers up with a branded Partner Portal to ensure their business benefits from the ability to instantly estimate the cost of attractive leasing deals on an on-going basis.

WestWon Partners in Growth

Working in partnership with WestWon enables suppliers to offer a range of flexible, tailored finance solutions so that customers can invest in the equipment and technology they need right away. With access to over twenty providers of leasing and asset finance, WestWon offers high acceptance rates compared to industry standards and fast turnaround on agreements.

We provide our partners with training and support to help them maximise leasing opportunities within their business, and to enhance the customer experience and range of options available to their clientele.

As 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. We pride ourselves on providing an excellent level of service and complete transparency on all agreements.

To find out more and discuss the most suitable options for your business, simply call us now on Tel: 01494 611 456 or email boris@westwon.co.uk.  You can also download our FREE comprehensive Guide to Leasing. 

Everything You Need to Know About Interest Free Leasing Deals

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Is there such a thing as an interest free leasing deal?

The simple answer is no. After all, thinking about it logically, why would a leasing company provide you with money for free?  Yet some do appear to be offering interest free equipment leasing options. How can this be?

More About Interest Free Leasing Deals

Firstly, most interest free deals are subsidised by either the equipment manufacturer or the equipment reseller. They use this ‘marketing twist’ to entice the customer to buy their stock and are, in effect, offering the customer a blind discount. For this reason, an interest free leasing agreement can – and often does – represent excellent value for customers. And WestWon has run numerous interest free leasing offers on behalf of suppliers, who are looking for a new, modern way to promote their products.

How Does Interest Free Business Equipment Leasing Work?

In simple terms, if a supplier or manufacturer wishes to sell equipment with a capital value of £12,000.00+VAT on an interest free lease finance basis over three years, the lease payment would typically be £1,000.00+VAT per quarter. That equates to £12,000.00+VAT over the course of the whole lease.  So apparently interest free….

However, not quite so … the supplier invoices the leasing company upfront for the equipment as per the normal process, but, in our example, for the reduced amount of £10,500.00+VAT rather than the full capital cost of £12,000+VAT.  The leasing company then bases the lease payments due on the discounted figure of £10,500+VAT, and thus still makes circa £1,500.00+VAT in interest on the deal.  As customers only see the lease agreements they make with the leasing company and not the invoice from the supplier to the leasing company, they are typically unaware of the underlying supplier discount that enables the leasing deal to work.

Is This Type Of Lease Agreement a Good Deal For Customers?

There is absolutely nothing wrong in this type of offer and, in fact, it usually represents excellent value for the customer, who obtains the benefit of the equipment immediately while paying for it over its useful life. The supplier gains a new customer and the leasing company receives interest on the deal as normal.

One thing worthy of note is that technically with an interest free lease agreement, title (ownership) of the equipment should pass to the customer at the end of the lease, so interest free deals are often put together on a lease purchase as opposed to a lease rental basis.

For more information about the best leasing options for customers, manufacturers and resellers please contact WestWon on Tel: 01494 611 456.

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