Choosing the right leasing option for you

In this blog we will be comparing two of our most popular lease agreement types. The information below is to give you a look at how choosing the right option for you is so important. It can have a major impact on your business and knowing what’s right for your company is your job! Our job is to make the process as easy and seamless as possible whilst tailoring the agreement to suit your finance needs. If you would like to see more on how the options differ then please see below.

Lease Rental (Finance Lease)

Term: Typically, 1-5 years (depending on the asset)

Capital Value: £1,000 – £10M+

Repayment Frequency: Annually, Quarterly or Monthly

Fixed or Variable Rates: Fixed

VAT: On each payment

TAX*: Rentals fully deductible

Ownership: Finance company throughout

End of the Agreement: Equipment can be returned or retained for a fee, known as an infinite rental

Lease Purchase (Hire Purchase)

Term: Typically, 1-5 years (depending on the asset)

Capital Value: £1,000 – £10M+

Repayment Frequency: Annually, Quarterly or Monthly

Fixed or Variable Rates: Fixed

VAT: In full with the first payment

TAX*: 130% Super Deduction Applicable (qualifying assets only)

Ownership: Client (subject to full payment)

End of the Agreement: Equipment ownership automatically passes with the final payment for a nominal fee

Other assets we finance:

Here at WestWon we also offer finance for several assets. These therefore include things like computers, software, and laptops. However, it also includes everything from office furniture and fit outs, optical equipment, business loans and audio-visual equipment to CCTV & security, dentistry, general equipment as well as vehicles (including electric vehicles and their charging points).

Contact Us

If you would like more information on choosing the right option for you, or any other finance needs you may have, then please don’t hesitate to contact us. You can email us on hello@westwon.co.uk, or alternatively you can call us on 01494 611 456. You can also see more over on our LinkedIn page.