Tag Archive for: benefits of leasing

Leasing vs A Business Bank Loan

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Leasing vs A Business Bank Loan Bank loans are cheaper than leasing In our previous blog, we looked at what is cheaper – leasing vs bank loans. In summary, for smaller items of capital equipment under £100,000.00 (excluding vehicles), more often than not, bank borrowing is cheaper than a lease. So, if bank loans are […]

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Replacing Catering Equipment in Your School or Academy? Ensure You Get the Right Equipment that Suits Your Budget

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Business Equipment Leasing In Northern Ireland

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As a nationwide leasing company covering Northern Ireland, WestWon was interested to find out more about nibusinessinfo.co.uk

This free service offered by Invest Northern Ireland, is the official online channel for business advice and guidance in Northern Ireland. It contains essential information, support and services for you and your business – whether you work for a large organisation or are on your way to starting up.

Amongst the useful content on the site is a section on the benefits of leasing. According to NI Business Info asset finance allows businesses to acquire the equipment and assets they need in order to operate that they may otherwise be unable to afford. It can also free up working capital for use in other areas of your business and save you from having to take out a large loan to buy equipment outright.

There are two main forms of asset finance:

  • Leasing – renting it over a period in return for fixed rental payments.
  • Hire purchase arrangements – an initial deposit is paid towards the cost of the asset and the balance is then paid in instalments over a period of time. At the end of the hire purchase period, you would make a final payment and gain ownership of the asset.

You should think about leasing or renting equipment that has high maintenance costs, can quickly become outdated, or is only used occasionally.

There are several advantages of leasing or renting equipment:

  • you don’t have to pay the full cost of the asset up front, so you don’t use up your cash or have to borrow money
  • you have access to a higher standard of equipment, which might be too expensive for you to buy outright
  • you pay for the asset over the fixed period of time that you use it, which helps you budget for the future
  • as interest rates on monthly rental costs are usually fixed, it is easier to forecast cashflow
  • you can spread the cost over a longer period of time and match payments to your income
  • the business can usually deduct the full cost of lease rentals from taxable income
  • if you have not bought the asset outright, you won’t have to worry about any overdraft or other loan taken out to finance the purchase being withdrawn at short notice, forcing early repayment

See more at: https://www.nibusinessinfo.co.uk/content/leasing-or-renting-business-equipment

For more information about leasing deals for Northern Irish businesses or to obtain a quote for equipment leasing, please contact WestWon on Tel: 01494 611 456

Even The Office Kitchen Sink Can Be Leased For Business

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What can you lease for business? Did you know that organisations both large and small – well-established and even new start SMEs too – can lease almost any type of business equipment, hardware, software, office furniture and fit outs, not to mention moving premises and machinery? In fact, if you can name it, you can probably find a food lease option for it too … yes, including the staff room kitchen sink! You simply chose the equipment you need to grow your business and the leasing company – like WestWon leasing –  provides the asset funding.

5 Key benefits of leasing for business
  1. Lease payments can be set against profit, thereby potentially reducing tax bills.
  2. Flexibility and cash flow boost: you can obtain the business equipment and technology you need without tying up available cash and lines of credit.
  3. Your business can also get an instant Return on Investment as once you make a set initial payment, you can acquire and start using the asset immediately, while spreading payments over the useful life of the equipment.
  4. Flexible repayments: lease payments can be tailored to match seasonal cash flow. You can also choose a fixed interest rate, which protects against interest rate rises and enables you to plan your budget effectively.
  5. Avoidance of equipment obsolescence and easier upgrades in the future: increasingly vital as more and more businesses are becoming technology-driven.
Which Business Sectors Use Lease Finance?

Most if not all business sectors use asset-based finance as part of their financial planning. We regularly arrange lease finance agreements for organisations requiring:

 

WestWon is a leading UK leasing company completely independent of any supplier or manufacturer, you can choose any combination of equipment and technology you require for your lease agreement. WestWon is also happy to help recommend suppliers if you don’t have one in mind.

For more information about how leasing versus buying can work hard for your business, contact WestWon on Tel: 01494 611 456.

 

Leasing IT, Computers, Hardware and Software Makes Business Sense…

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Whether you are a new start business or a long established company, leasing IT technology such as computers, tablets, servers and telecoms makes perfect business sense. First and foremost, it allows you to acquire the technology you need when you need it – without tying up capital or existing lines of credit. And  it also safeguards against future obsolescence – a major issue for IT and computing equipment. New equipment can become out-of-date very quickly and leasing you IT equipment, software and services makes life much easier when it comes to acquiring new and improved models and upgrades.

Key Benefits of IT Leasing

WestWon provides finance for hardware leasing, software leasing, infrastructure leasing, telephony leasing and services leasing, allowing your business to:

  • Stay up-to-date – Given the rapid pace of technology change it clearly makes sense to lease rather than buy depreciating IT assets so you can upgrade easily in the future.
  • Keep your cash flowing – You have immediate access to the latest resources without having to tie up large sums of capital, while spreading the cost of your investment over the useful life of your equipment.
  • No crossed lines – Lease rental agreements do not impact your other borrowing options or lines of credit.
  • Multiple items, one agreement – Effective IT is about so much more than just hardware. You can easily include items such as software, networking and support under one monthly payment for simpler budgeting.
  • Check out the pros and cons of leasing v buying – WestWon offers a state-of-the-art online quotations system, providing instant quotations and highly competitive rates. There is no easier way to assess your options.

To find out more about leasing for all your technology needs, contact the WestWon IT experts on Tel: 01494 611 456 or email [email protected] for an instant quote and best leasing rates. You can also download the WestWon Asset Finance  for IT Equipment and Projects Leasing Fact Sheet from our Leasing Fact Sheet Page. Or produce an instant quote with our online calculator now.

Why Lease Your Office Equipment, Furniture and Fit Out? Calculate the Cost Benefits…

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WestWon provides funding and leasing options for companies seeking to revamp their office premises. So if you are thinking of renewing your office furniture and fittings, are planning an office fit out, including lighting and flooring, or require other business equipment, why not use our instant Lease Calculator for a quick quotation to compare the cost of leasing office furniture versus buying.

Why lease office equipment, fittings and furniture?

  1. Lease payments can be set against profit, thereby potentially reducing tax bills.
  2. Flexibility and cash flow boost: you can obtain the business equipment and technology you need without tying up available cash and lines of credit.
  3. Your business can also get an instant Return on Investment as once you make a set initial payment, you can acquire and start using the asset immediately, while spreading payments over the useful life of the equipment.
  4. Flexible repayments: lease payments can be tailored to match seasonal cash flow. You can also choose a fixed interest rate, which protects against interest rate rises and enables you to plan your budget effectively.
  5. Avoidance of equipment obsolescence and easier upgrades in the future: increasingly vital as more and more businesses are becoming technology-driven.

Call us now on Tel: 01494 611 456 for further details and an illustration of how lease rental might benefit your business.

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