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.

Healthcare Leasing

Leasing healthcare equipment is the perfect way for this sector to spread the cost of equipment purchasing, and improve the equipment you have available for your patients and service users. There is significant pressure on the healthcare sector, but it is also a very important and well used industry which requires top of the range equipment and the latest tools and machines. Healthcare equipment advances quickly, so you may find yourself updating your machines often. To avoid the upfront cost of new equipment purchases, consider a healthcare equipment leasing finance deal.

WestWon have leased a range of scientific and healthcare equipment, from a £5,000.00 Diemme Clinical Warming device up to a £1m Spectrometer for one of the UK’s leading Colleges. With over 100 healthcare and scientific customers to our name, we have a lot of experience in dealing with your needs and the suppliers you work with. Our access to over 50 UK funders, we were able to provide the best rates in the industry.

Benefits of Healthcare Leasing

  • 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 your healthcare equipment in advance?

  • The latest equipment

    Always have the latest healthcare 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 Healthcare Leasing Process

WestWon - The leasing process - customer NEW

Case Study
Healthcare Equipment Leasing for a New Business

Learn how this new start molecular diagnostics company needed some additional funds to purchase some healthcare equipment and why they chose to use WestWon’s healthcare equipment leasing solution.

Case Study
Healthcare Equipment Finance- 3D Imaging System

Learn how this engineering consulting company financed their 3D imaging system, reserved their cash and saved money through tax benefits.

FAQ’s

What is the smallest and largest healthcare 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 healthcare deal is £3,011.90 + VAT, our largest to date is for £1,000,000 + VAT!

What is a normal healthcare equipment leasing deal value?

Our average coffee machine deal is £48,979.59 + VAT over a 5 year term.

How long can I lease healthcare equipment over?

Due to the long-life expectancy of healthcare equipment, most deals we do are over a 5 year term. However, we can lease healthcare 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 healthcare 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 finance healthcare equipment on a hire purchase agreement?

Yes, many medical establishments choose a hire purchase agreement due to the long life expectancy of the equipment. Please note that under terms of the hire purchase agreement the VAT of the capital cost is payable upfront with the company’s first rental.

Can I include multiple pieces of equipment on one agreement?

Yes, we can include multiple healthcare equipment on the same agreement.

How quickly can you arrange healthcare 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.

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.

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.

Another leasing company has said no, will you be any different?

Yes, some leasing companies just do not like financing healthcare equipment. WestWon are specialists in the financing of healthcare equipment and have financed equipment to a range of companies from new start to well established 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 healthcare equipment?

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

Can WestWon recommend me a supplier of equipment?

Yes, work alongside a number of suppliers of healthcare equipment. 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.

Contact Us

or send us an enquiry online

© 2018 WestWon Limited
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.
This website uses Cookies to give you the best most relevant experience. Continued use of this site means you have accepted our policy.