Tag Archive for: computer leasing
Harnessing the latest IT and computer technology is key to enabling business advantages such as fully integrated mobile working. Given the speed at which technology changes, and the onus on companies to keep up with the competition in terms of IT infrastructure efficiency, IT and computer leasing has much to recommend it and is now one of the most popular means of financing technology investments.
However, if you are a business thinking about leasing equipment, you should be prepared to do your homework in order to get the right IT and computer leasing deal for your circumstances.
Questions To Ask About IT & Computer Leasing
- With a capital or finance lease, you select the equipment you require and the finance company arranges the finance for it. You make a series of lease rental payments over time, which gives you use of the asset for the duration of the lease and at the end of the lease, you will normally have the option to acquire the asset at an agreed price or return it to the leasing company.
- With an operating lease, the equipment is considered a monthly operating expense rather than a depreciating asset, making ‘off-balance sheet’ funding possible.
- How long is the lease for? Usually, leases for computer equipment run over 24 to 36 months. The longer your lease, the lower your monthly payments–but you’re also likely to pay more over time with a longer lease.
- Does the equipment have to be insured? Some leasing companies require you to insure the leased equipment. If you don’t, fees may be added to your monthly payment to cover insurance.
- Can you include software and maintenance services as part of your lease agreement?
- Can I add to the lease? Most leasing companies don’t mind if you add equipment to an existing lease. Your lease payment will be recalculated accordingly; lease terms don’t usually change.
- Can I terminate the lease early? What if you no longer need the equipment you’re leasing or you want to upgrade to newer technology sooner than you expected? Find out in advance if you can pay off your lease early, and if there’s a prepayment penalty (and if so, how much?).
If you require IT equipment such as computer hardware, software, servers, laptops, routers and cabling for your new company or company expansion, leasing may well be a good option. After all, you wouldn’t pay your employees their wages for 3 years upfront, so why tie up a large amount of cash on computer equipment for them to use – especially when you could earmark that money to establish or grow your business?
For more information about your IT leasing options call WestWon on Tel: 01494 611 456. You can also download Financing Your Business Plans – Guide To leasing
Why Lease Computers and Other IT Equipment?
Leasing IT technology such as computers, tablets, servers and telecoms allows you to improve performance by acquiring the latest technology without tying up capital or existing lines of credit.
Crucially it also protects you against future obsolescence – a major issue for IT and computing equipment. Technology is changing at such a fast rate that new equipment can become out-of-date very quickly. Arranging lease finance for IT makes it so much simpler to upgrade to new and improved versions at any stage.
If your organisation would like to know more about leasing computers, laptops, servers, networks, infrastructure, printers, fax machines, reprographic systems, telephony or any other technology systems, contact the WestWon IT experts on Tel: 01494 611 456 or email firstname.lastname@example.org for an instant quote and best leasing rates.
Key Benefits of IT Leasing
WestWon provides finance for hardware leasing, software leasing, infrastructure leasing, telephony leasing and services leasing, allowing your business to:
- Avoid Obsolescence – With 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.
- Improve Cash Flow and Instant Return on Investment – 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.
- Protect Bank Lines – Lease rental agreements do not impact your other borrowing options or lines of credit.
- Be fully Flexible – 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.
- Compare Lease V Buy Costs Instantly – 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.
For more information about IT Equipment Leasing, Hardware Leasing, Software Leasing, Tablet Leasing or iPad and Tablet leasing, contact WestWon on Tel: 01494 611 456 or download the WestWon Asset Finance for IT Equipment and Projects Leasing Fact Sheet from our Leasing Fact Sheet Page.
- General Data Protection Regulation
- Corporate responsibility
- Company information
- Complaints handling procedure
- Charitable work
- Financial Conduct Authority
- Modern day slavery statement
- Fair processing notice
- Anti money laundering terms
- Employment at WestWon
- Bribery and corruption
- WestWon Woodland Sustainability Policy
- Careers in asset finance