Software Lease 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.

Software Leasing

Many company directors and even IT Managers still do not know you can finance software. There are some sensible reasons for them to think this.

Companies do not buy software, they purchase a licence to use the software, for a pre-agreed period of time or forever. Software authors such as Microsoft or Sage only grant us a licence to use their software as they own the source code and intellectual property in it. Leasing companies need to “own” the asset that they then rent out to customers. Clearly, they cannot own the software asset as all they are buying is a licence.

However, we do lease computer software and have done for nearly thirty years. We work with a range of finance companies that are comfortable leasing software to end user companies.

  • We work with 20 different funders that all lease software
  • We currently arranged nearly 750 software leases for over £25.2 million in value
  • Our biggest software lease was for £1.585m, the smallest £1,100
  • Our database has 958 unique software companies in the UK, quite a few we have already worked with leasing computer software

Benefits of Leasing Software

  • 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?

Software Leasing example

  • Company
  • Loan Value
  • Term
  • Repayment
  • Rationale
  • A global design agency with 18 offices throughout the world
  • £122,116.00
  • 36 months
  • £12,349.91 per quarter
  • Financing of 900 software licences that will last three years. It’s a big expenditure even for a major business.

Software supplier and software authors leasing software

If you are a software supplier and wish to lease software to your customers, then we can help. Here at WestWon we already work alongside many software companies that have either written their own software or resell third party software such as Microsoft or Sage.

Get in touch

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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