Tag Archive for: business equipment leasing

What is equipment leasing?

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What is equipment leasing? Equipment leasing is a solution that businesses both large and small are utilising. It improves cash flow and enables your business to make several investments. Leasing opens your business to a number of avenues whether you are a supplier or a customer.

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Equipment Leasing Boom – New Business up by 53%

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Recently released figures the Finance & Leasing Association (FLA) show 31% growth in asset finance new business during September 2014. New business has now reached over £2.5 billion, the highest monthly figure in almost six years. FLA members financed almost 27% of UK investment in machinery, equipment and purchased software in the UK last year.

Leading the charge is business equipment finance, reporting its strongest growth so far this year, with new business up 53% in September compared with the same month in the previous year. Plant and machinery finance, commercial vehicle finance and IT equipment finance were up by 22%, 16% and 15% respectively.

Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:

“September saw robust growth across all the key asset finance sectors. New business in the third quarter of this year increased by 21%, three times the rate of growth recorded in the second quarter. These figures clearly show that the asset finance industry, through the provision of leasing and hire purchase, is helping UK businesses to invest and grow.”

The Federation of Small Businesses (FSB) has previously reported that two thirds of small firms expect to grow in the next 12 months and one in four plans to increase the amount of investment in their business. As a leading UK leasing company and FLA member, WestWon is helping organisations of all sizes to achieve their growth plans through the best equipment lease deals for their needs:

 

Key Reasons Why Equipment Leasing Is Growing:
  • Leasing Improves Cash Flow – By making monthly payments over the duration of a lease finance agreement, you can spread the cost over the useful life of your equipment, rather than having to find the capital up front.
  • Leasing Tax Advantages – Regular monthly payments can qualify as a tax deductible trading expense making the acquisition of essential assets more cost-effective.
  • Easier to Upgrade Business Equipment – Technology changes rapidly and avoiding obsolescence is key to staying ahead. With leasing you can enhance or upgrade your equipment as the need arises.
  • Leasing Increases Available Budget – Instead of spending lump sums on rapidly depreciating assets, you can allocate resources to where they’re needed most – giving you the freedom to invest in other areas of your business.
  • Business Equipment Leasing is Flexible – Lease finance agreements can be tailored to suit your particular business requirements and include whatever combination of business equipment and related services you require.
  • Leasing Protects Existing Lines of Credit – Our financing solutions have no effect on your other borrowing options, ensuring you can stay financially flexible.

 

For more information about business equipment leasing options download the Free Guide To Equipment Leasing or contact WestWon on Tel: 01494 611 456

Planning and Designing Your Office Fit Out? Think Leasing…

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Whether refurbishing your existing office premises or launching a new start-up, companies today are rightly turning to lease finance to fund their new and improved working environments.

Planning an office revamp or fit out can contain many elements, not just – although very important – furniture and office equipment, but also fittings, flooring, partitions, lighting, IT technology, computers, photocopiers, telephony;  in fact, everything – including the staff room kitchen sink – you need in place to ensure good employee morale and increased productivity.

Of course, planning and designing an office fit out or refit can be expensive and it makes complete sense to review your funding options fully before committing to a large upfront capital payment.  Tools such as WestWon’s instant Lease Calculator can provide an instant quotation to compare the cost of leasing office furniture and related project items and services versus buying them outright. Spreading the cost of office refits and fit outs over time is just one of the benefits of leasing:

Advantages of leasing office furniture and fit outs
  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 office fit out leasing can benefit your business and support planned office design projects.

What Kind Of Business Equipment Can I Lease?

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You can lease almost any type of business equipment or IT technology, including software. You simply chose the equipment you need to grow your business and WestWon provides the funding.

As WestWon is 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.

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.

For more information about how leasing can be put to work for your business, contact WestWon on Tel: 01494 611 456.  Or see us on YouTube

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