Equipment Loans from WestWon

There may be times when a lease may not be appropriate for your organisation. If so, you can take advantage of an equipment loan.

How does it work?

  • You chose the equipment and supplier and obtain a quote

  • We quote based on the loan term you require

  • You sign loan paperwork and give us a copy of the supplier invoice

  • Our finance company immediately transfer the money to you

  • You pay your suppliers invoice

WestWon are ideal for computer software, office refits and certain assets that finance companies just do not like to finance.

Examples of Equipment Loans

  • Company
  • Loan Value
  • Term
  • Repayment
  • Rationale
  • Telecommunications Company
  • £13,380.89
  • 60 months
  • £310.16 per month
  • The equipment they owned and desired to refinance was too old for a sale and leaseback

Equipment Loan Benefits

  • 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?

  • Obsolescence

    Under the WEEE directive, you have an obligation to dispose of certain assets in an environmentally friendly way. If you rent the equipment, you can just hand it back at the end of the rental term.

Get in touch

or send us an enquiry online

© 2017 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, 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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