Small Ticket Leasing vs Big Ticket Leasing
What is Small Ticket Leasing?
Many small companies desire to own new equipment, however wish to avoid going to the bank for a loan. The solution to this is called small ticket leasing. Small ticket leasing is a financial answer to help companies to lease assets without having to go through the complex process with banks or financial institutions.
Small Ticket Assets
Assets such as:
• Furniture – office chairs, fit outs etc
• Technology – computers, printers, photo copiers
• CNC machines
• Healthcare – gym equipment, cryotherapy machines etc
• Software
The lease transaction ranges from £1,000-£100,000 to be classified as a small ticket lease item. WestWon offer a wide range of small ticket leasing assets, from many different sectors. Visit our Assets We Finance page to find out more information.
Small Ticket Leasing Process
The process requires no hassle or long procedure as decisions can be made much quicker through the finance company. In addition, the flexibility in leasing small ticket items and not having to pay outright enables you to preserve your capital.
WestWon offer industry leading rates over a period of 1-5 years. We have great supplier relationships and can help you source the equipment. Alternatively, you can use a supplier of your choice. Once you have made your decision, the credit can be accepted within 24 hours!
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Small ticket leasing is a great alternative source for financing your business. Furthermore, it is a way to finance equipment and help you stay in the relevant competitive environment. For example, the technology sector is fast paced competitive sector and is always advancing.
What is Big Ticket Leasing?
Big ticket leasing involves leasing a high value item or asset. This type of leasing is usually done by the government or a large corporation.
Big Ticket Assets
The item or asset tends to be very expensive, usually £200,000 upwards. The assets can be from:
• Industrial machinery
• Oil and gas equipment
• Combine harvester
• Aircraft systems and transport
For more information on small and big ticket leasing, do not hesitate to give us a call on 01494 611 456 or email us on hello@westwon.co.uk.
