Tag Archive for: IT leasing

Questions You Should Ask About Leasing IT And Computer Leasing

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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

  1. 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.
  2. With an operating lease, the equipment is considered a monthly operating expense rather than a depreciating asset, making ‘off-balance sheet’ funding possible.
  3. 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.
  4. 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.
  5. Can you include software and maintenance services as part of your lease agreement?
  6. 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.
  7. 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

Keep Pace with Technology With IT Leasing

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With technology changing at such a speed, businesses of all sizes in almost every sector frequently need to upgrade or expand their IT equipment, so is IT leasing the answer? In fact, over 90% of the top 100 companies now lease computer equipment.

Why? Paying upfront for equipment can be a significant drain on the working capital for most businesses, especially SMEs and start ups. With bank lending figures still falling, many businesses are turning to alternative sources of funding such as asset finance and leasing.

Benefits of computer and IT leasing

Computer and IT leasing offers a number of significant benefits over buying. For example, leasing means your businesses will never be left with obsolete equipment in a way that would not be possible with an outright purchase. IT equipment can become out of date in just two to threeyears. With a lease agreement, equipment can be added or upgraded without having to repurchase, so you will always have the most up-to-date hardware  and software.

Leasing also means you can obtain the latest computer equipment you require without a large capital outlay. Many businesses find leasing advantageous from a budgeting standpoint as switching from outright purchase to a lease agreement changes how the equipment is accounted for. Leasing enables you to pay for the equipment you need over a fixed period of time, which helps you spread the cost. Plus, with an operating lease, rental payments are an allowable business expense that can be set against profit – thereby potentially reducing your tax bill.

What IT equipment can businesses lease?

A wide range of equipment, from PCs and iPads to software licenses and training, can be leased. This can include hardware, software and maintenance agreements. In fact, almost any type of tangible equipment can be considered for leasing. You can even choose the suppliers and the exact combination of equipment you require.

Some of the most popular types of IT equipment leased are:

  • PCs and laptops
  • Tablets (e.g. iPad, Microsoft Surface)
  • Servers
  • IT Software
  • Routers
  • PDAs
  • Printers
  • Projectors
  • Training
  • Installation
  • Networking infrastructure
  • Telephone systems
  • Reprographic systems

For more information on IT leasing, download the useful WestWon Asset Finance For IT Equipment fact sheet or call WestWon on Tel: 01494 611 456.

Entrepreneurial Epoq IT Signs Partnership Deal With WestWon Leasing Company

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Award winning IT Service Provider, Epoq IT, has signed up to the WestWon Partner Leasing Programme in a move that underlines the leasing company’s growing dominance within the IT Sector. As a result, the innovative IT reseller can now offer its customers instant lease quotes as a tax-efficient method of payment for their hardware, software and IT service needs.

Leasing For IT Hardware, Software and Services

Gary Swanwick from Epoq IT commented, “We see the formalisation of our relationship with WestWon as a very positive move for our business, and we are excited to be able to offer very attractive leasing options backed by the expertise and service of a leading leasing company in the sector.

“Since joining forces with WestWon, we have already written a number of leasing deals, with one customer alone having leased IT hardware, software and services totalling more than £70,000.  We are also delighted to be in line to become one of the first resellers to benefit from WestWon’s new ‘Online Leasing Shop’ – due to be launched in Spring 2014.” Gary concluded.

According to WestWon’s Sales Director Andy McCready, “As the winner of Small Business of the Year award 2013, and with Managing Director, Gary Swanwick, having won the award for Entrepreneur of the Year 2013, Epoq IT is a perfect fit for the type of forward-looking organisation that WestWon is delighted to welcome onto the WestWon Partner Programme; and we anticipate a highly successful year working together in 2014.”

IT Leasing Partner Benefits

Working in partnership with WestWon enables resellers such as Epoq IT to offer a range of flexible, tailored finance solutions so that customers can invest in the equipment and technology they need right away, and crucially in the IT arena, upgrade more easily to avoid future technology obsolescence.

WestWon provides a range of support options for reseller partners, who wish to offer their customers a finance option, including

  • Instant quotes and highly competitive rates via the WestWon Partner Portal
  • Dedicated WestWon Account Manager to help you grow your business
  •  Branded finance portals for authorised WestWon partners
  •  Finance partner logo and plaque
  • Sales training and marketing support

 

For more information, contact WestWon on Tel: 01494 611 456 or see http://oldwestwon.wpengine.com/home-page/resellers/

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