Equipment Leasing for Business
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.