Equipment Leasing
Thousands of businesses in the UK use leasing for equipment and business loans to support their growth. How can we help you?

Equipment Leasing Calculator

1. For enquiries over £100,000, please contact us directly on 01494 611 456.

2. The rental price indicated is for general guidance and is subject to credit approval.

3. Business users only.

Equipment Leasing for Business

WestWon have been working in the equipment leasing sector for years, providing finance packages to thousands of companies throughout the UK. During this time, we have encountered almost every conceivable request for equipment lease financing – from vehicles and office equipment to manufacturing machinery and construction plant. There isn’t much we can’t secure on a deal, so whatever your company needs to lease, contact WestWon and let us help you find the best finance package. With access to over 50 UK funders we can provide you with industry leading rates.

Equipment leasing is the flexible alternative to asset purchasing, and it is perfect for anyone who needs to scale up their operation. Leasing is also a flexible way to replace old or damaged equipment, in order to make the business more productive and improve output. By Paying monthly instalments over an agreed period from 1 – 5 years, you can conserve your precious cash. For more benefits on WestWon’s finance and leasing solution, please see below.

Benefits of Equipment Leasing

Cash flow
You will be able to keep funds in your business to be used elsewhere
Alternative funding lines
No need to use up an existing bank facility
VAT
On rental agreements VAT is paid in the rental, not in full and upfront

Pay for the equipment as you use it
Companies pay employees over time as they work, so why pay all the cost for equipment in advance?
The latest equipment
Always have the latest equipment at your disposal by implementing a recycling strategy, whereby you replace equipment at the end of the lease term
Tax planning
Using a lease rental agreement, 100% of your rental is deductible against your companies corporation tax

The Equipment Leasing Process

WestWon - The leasing process - customer NEW

Case Study
Fabrication Machinery Finance for a Construction Company

Learn how this building construction company purchased their machinery which improved productivity, without the need for any large upfront payments.

Find Out More

Case Study
Warehouse Racking Finance for a new warehouse

This business required a further £250,000’s worth of racking alongside other equipment. Without the cash, they decided to utilise WestWon’s equipment finance solution.

Find Out More

FAQ’s

What is the smallest and largest equipment leasing deal you can do?

We can write any healthcare equipment deal starting from a value £1,000.00 + VAT up to over £1m. Our smallest equipment leasing deal is £1,000 + VAT, our largest to date is for £1,355,500.92 + VAT!

What is a normal equipment leasing deal value?

Our average equipment leasing deal is £28,750.44 + VAT over a 3 year term.

How long can I lease equipment over?

The majority of deals we write are over a 3 or 5 year term. However, we can lease equipment from 1 year up to 5 years.

Is there an advance payment?

Often we take a three months deposit to keep the monthly rentals lower however you can pay more or as little as one month upfront if you wish.

I want to keep the equipment at the end of the rental agreement, can I do this?

Yes, under terms of a lease rental agreement you have the option to own the equipment at the end of lease. Alternatively, there is an option to return the equipment at the end of the lease if you wish to get new equipment.

Can I include multiple pieces of equipment on one agreement?

Yes, you can even include multiple suppliers of equipment on the same lease.

How quickly can you arrange equipment leasing?

Applications can be accepted within a few hours and once documents are signed, the equipment will be delivered, and the agreement activated within 2 working days of delivery and install.

I am a new start company, will you credit clear me?

If you are a home owner and have a clear personal credit history, we should be able to source funds for you, normally up to £50,000 for new start businesses.

How cheap are your lease rates?

We do not normally lose business because we are too expensive. Our view is to give cheap lease rates and make sure we do more business together in the future.

How often do your customers come back to you for more business?

Our customer retention rate is extremely high, our latest figures shows that over 80% of customers will use WestWon again, mainly due to our level of customer service and the range of assets we finance.

Can I use my own supplier of equipment?

Yes, it is up to you who you use as a supplier.

Can WestWon recommend me a supplier of equipment?

Yes, work alongside hundreds of suppliers of a range of equipment types. We would be more than happy to put you in touch with a company who can assist.

Can I pay the lease off early?

Yes. The finance company will work out a settlement figure based on how many rentals are left to pay.

Can I add more equipment to the lease at a later date?

Technically you can, but nobody ever does. It is more cost effective to set up a brand-new lease.

Can I include equipment located on multiple sites on the same lease?

Yes, providing the install dates are similar we can place multiple sites on one lease. To do this we will require a breakdown of what equipment is located at each site.

I have a CCJ / my company has a CCJ, will we get finance?

If the CCJ is satisfied and there is a good reason for the County Court Judgement, then we will argue your case. However, if you have an unsatisfied CCJ, then sadly we will struggle to get finance.

I am an established business trading over three years, what information do you require?

Often, we just take a look at the information in the public domain at Companies House. However, there are times when we will ask to see bank statements, last year’s full audited accounts and management accounts.

Blog

All/Engineering Equipment Leasing/General

October 19, 2018/by Divya Mattu

Contact Us

Call us on 01494 611 456 for further information on equipment leasing