Hampshire Business Economy Stays Flexible With Leasing Finance Options

Leasing is now one of the popular sources of funding when it comes to financing equipment for businesses throughout the UK and this is particularly evident in Hampshire, where leading local leasing company WestWon has recently arranged over 40 leasing agreements for a variety of organisations.

Hampshire is in the top ten of the largest counties by land area, covering approximately 1,400 square miles, and has a population of over 1.3 million. The largest towns in Hampshire are Havant, Basingstoke, Gosport, Eastleigh and Winchester. 85% of Hampshire is defined as rural and over a third of the county’s area is within National Parks or Areas of Outstanding Natural Beauty. With over 60,000 businesses in the county the focus has been on smart ways to foster business growth.

Leasing provides many the businesses in Hampshire with an easily accessible source of funding, which enables banking and other lines of credit to be kept free for any future cash flow issues or unexpected problems. And lease payments can be set against profit, thereby potentially reducing tax bills.

Unlike buying, local equipment leasing opportunities means companies can pay as they use. After an initial payment, businesses can start using the equipment straight away and spread the cost over its useful life, so an asset can be paid for with the income it generates. Plus, leasing provides the ability to simply upgrade equipment or expand resources as and when the need arises, ensuring companies can always have access to the latest technology.

The lease itself can be tailored to suit local business needs. Agreements can be over an agreed period, for example two years, and repayments can be made monthly, quarterly or annually, by direct debit or invoice, whichever is most convenient.  Equipment for leasing can be sourced from multiple suppliers, and ‘soft costs’ such as maintenance agreements and project fees, can often be included in the lease agreement,

From IT equipment or manufacturing systems to an entire office refurbishment, a wide range of specialist equipment can be leased as well as entire projects. Other lease options for locally leased equipment include furniture, computers, security systems and retail and restaurant fit outs.

WestWon Limited has many years’ experience working with organisations in the private and public sector in the county of Hampshire, helping them source manufacturers and equipment as well as arranging flexible lease agreements. As a leasing company with a strong local presence in Hampshire, WestWon is well placed to provide businesses with a tailored service with over 800 leasing partners and suppliers in the region, which includes over 100 in Basingstoke, 150 in Fareham and 52 in Portsmouth. Over 700 schools in Hampshire are also well catered for by WestWon’s local leasing solutions for education.

For more advice on leasing, download your free Essential Guide to Local Leasing for Business.