Finance for Engineers

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

Finance for Engineers

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

Finance for Engineers

As business owners and managers working in the engineering industry will know, the need for up-to-date equipment is crucial to meet the needs of a range of jobs. From everyday tools to heavy-duty machinery, finance is a great way to get you the assets you need today without the need for large, upfront payments. We are specialists in providing finance for engineers and can provide industry leading rates.

Many engineers choose financing to access high-cost assets like specialist engineering equipment, preferring the option of affordable monthly payments without the burden of outright ownership. With a profession like engineering, it often doesn’t make sense to purchase expensive machinery for your business, only to see it become outdated within a few years. The industry is constantly evolving; therefore, taking out a finance or lease agreement on business assets could provide you with more flexibility to update your equipment at the end of each term.

Why use WestWon?

Call us today on 01494 611 456 or Enquire Online Now for your engineer equipment finance. Our highly knowledgeable and friendly team can offer you a FREE, no obligation quote and answer any of your queries.

Engineers 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.

Finance Process for Engineers

WestWon - The leasing process - customer NEW

Finance for Engineers- The Benefits

  • Cash flow

    You will be able to keep funds in your business to be used elsewhere

  • Alternative lines of funding

    You don’t have to use up a bank facility you already have

  • VAT

    On rental agreements, the VAT is included in the rental, not in a lump sum

  • Pay for the equipment as you use it

    Companies pay employees over time as they work, so why pay all the cost for camera equipment in advance?

  • The latest equipment

    Always have the latest technology 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

Engineering Company Leasing example

Business Finance Resource
  • Company
  • Lease Value
  • Term
  • Repayment
  • Rationale
  • An engineering company based in Leicester
  • £15,538 + VAT
  • 60 months
  • £334.81 + VAT per month
  • Financing of a replacement full IT solution, including server equipment, server software, laptops, workstations and printers for a warehouse.

Business Finance for Engineers

For many engineers, the capital needed for investment is vital. Of course, it can be hard to get a loan from traditional sources such as banks for some engineers which is where WestWon can help.

The loan amounts available range from £3,000 to £1 million which makes them ideal for any size business. Repayment terms are between three months to five years for full flexibility. Most of the decisions on any applications are made within 24 hours, and in 90% of cases one of the partners we work with can help.

If you don’t want to lease your next batch of equipment but don’t have the capital to buy it either, then this kind of finance for engineers is superb. When you apply, you simply need to let us have your equipment supplier’s quote and we will give you loan terms back in return based on that. Once you sign the paperwork to authorise, the money will come from our finance company partner into your account for you to pay with!

With many other loans that engineers might find useful, from insurance to working capital, we are the perfect solution to your financing needs.

Let WestWon engineer your next business move

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 is a credit broker and not a lender. WestWon companies deals with a range of lenders. All WestWon companies hold a current Data Protection Licence and are registered for VAT. These details, together with our policy on Treating Customers Fairly, Complaints Policy and address details are held under our Get in Touch page.
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