WestWon Equipment Leasing

WestWon has a wealth of knowledge and experience in funding a range of equipment. If it “leaks oil” or has a “plug attached” to it, the chances are we can fund it.

When leasing equipment in the commercial environment, there are situations where WestWon can put a “residual value” into the lease, thus offering what is known as an “operating lease.”

Operating leases, where the finance company will take risk should you wish to return the equipment at the end of the lease period, means that the lease repayments are lower than a “full payout” finance lease.

Please note, the new IFRS 16 standard on leasing comes into effect on the 1st January 2019, hence this may have an impact on what is the best option for your organisation. WestWon can explain the implications about this.

What equipment can be leased:

The range of equipment leasing is too vast to mention, so we have detailed a number of examples of leases we have done in the past:

  • Equipment
  • Pick and Place LLX Machine
  • Cybertronics Automated Optical Inspection System
  • Servo 450LV Press Station
  • Faro Measuring Device
  • Rotary Screw Compressor
  • Wood Express Cutting Machine
  • AOI Scan Inspection System
  • Soldering Machine
  • Cost
  • £57,000.00
  • £82,000.00
  • £55,000.00
  • £22,000.00
  • £18,000.00
  • £8,000.00
  • £10,000.00
  • £12,000.00

Equipment Lease example

WestWon Leasing and asset finance for Equipment
  • Company
  • Loan Value
  • Term
  • Repayment
  • Rationale
  • Geo-Environmental and ground investigation specialist
  • £30,239.10
  • 36 months
  • £1,002.10 per month
  • “We use it every month, we will pay for it every month”

Benefits

  • Cash flow

    Allowing you to keep funds in your business for other uses

  • 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

  • Tax planning

    Using a lease purchase agreement, if your investment in assets in one year is £200,000 or under, subject to some HMRC conditions, this expenditure can be fully offset against Corporation Tax. For many customers, a lease rental is a great solution as all rental repayments are allowable against Corporation Tax

  • Budgeting

    A lease repayment covers the cost of the equipment and interest. This makes internal allocation of costs very easy for those companies wishing to divide the cost by headcount, department or even square footage

  • Budgeting

    It’s easy to budget for a fixed rental payment over a three or five year term

  • Pay for the equipment as you use it

    Would you pay a new employee three years’ salary in advance, probably not. So why pay for their desk, computer or car in advance?

  • Obsolescence

    Under the WEEE directive, you have an obligation to dispose of certain assets in an environmentally friendly way. If you rent the equipment, you can just hand it back at the end of the rental term.

Next steps

or send us an enquiry online

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The Financial Conduct Authority (FCA) regulates financial services in the UK and you can check this on the Consumer Credit Register by visiting the FCA’s website here or by contacting the FCA on 0800 111 6768. WestWon Limited, WestWon Leasemaster Limited and WestWon Fleet Limited are all credit brokers not lenders. WestWon companies deals with a range of lenders.
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