Acoustic Pod Finance Turn your work space into a new contemporary inviting area with WestWon’s furniture Finance. Starting a new office fit out project or just fancy bringing a new piece of furniture to your work space? Here at WestWon we can help you source the best office furniture alongside a fantastic finance package. Acoustic […]
Leasing office furniture and equipment is a great option for many companies depending on their office equipment and furniture needs, financial situation and line of business.
Often companies do not have or do not wish to tie up capital available to buy office furniture and equipment outright; or to finance a fit out or relocation. Understandably companies are generally also not keen to tie up crucial bank credit lines for this type of project. Leasing allows them to spread the cost over two, three, four or five years, acquiring the solution that meets their long-term needs rather than that which their current budget and cash flow dictates. It also allows businesses to carry out refurbishments straight away. Lease payments are fixed for the term of the lease – normally 2-5 years – making it easy to budget for a monthly, quarterly or even annual payment and budget accordingly.
However, leasing office equipment and furniture ties businesses into an on-going agreement so it is therefore very important to think carefully about what the office furniture and equipment needs and also about the way the business is likely to develop in the future. Key factors to consider are how often a company relocates, how important is it to keep up with technology changes and is it important to use capital budget for R&D marketing or staff rather than office refits and refurbishments? In these cases, leasing may well be the ideal way to keep the workplace current and to ensure that upgrades can be organised with minimum hassle in the future.
Nowadays, the right workspace – including acoustics, lighting, flooring, decoration and furnishings – play an important role in attracting and retaining the right kind of staff. After all, creating an ergonomic space with appropriate tools for a person to do their job well benefits employers through increased productivity and reduced absenteeism. But innovative, creative spaces normally require new equipment and furniture. With leasing companies can create the exactly right image and environment, deciding exactly what furniture and equipment they want (including a custom build) and have it financed under a lease agreement.
When deciding whether to lease or buy, companies should review their cash reserves, cash flow and credit lines, and ensure they understand the terms and conditions of the lease, for example, what happens at the end of the lease; are upgrades included; required insurance on the equipment as well as early cancellation fees. Understanding exactly what the business needs are and what the purpose of the office equipment, furniture or refit is will help companies to make the right decision.
Download the Office Furniture and Fit Out Brochure for more information about leasing your dream office.
See here for a free Office Move Project Planning Tool
Moving offices? Or planning a fit out or refurbishment of a current workspace? From initial design to realisation, the whole process will certainly run a whole lot smoother with the right project planning tools and finance package in place.
Leading office furniture leasing company WestWon makes it easy for you to acquire both the project planning support you require and the office furniture and fit out lease finance too.
WestWon has recently launched the Dream Office Move website – specifically designed to help businesses manage the sizeable task of relocating or upgrading their current office premises. The interactive website enables office move project leaders to rapidly product a structured step-by-step project plan for the whole office move using the Dream Office Moves’ free 7-stage Project Plan.
This Project Planning allows those moving offices to build a personalised workplace transition plan simply by answering a few straightforward questions. Each project plan consists of staged actions, advice and information and pinpoints both priorities and the best strategies to minimise risk. The office move project planner also generates a printable overview flow chart to visually guide users through each stage of their planned office move.
Also available on the Dream Office Move website is a series of free downloadable ‘Keyhole’ Guides to office moving, spanning topics such as:
As well as requiring a careful planning, office refurbishment, fit-out and furniture projects can also require significant up-front capital investment – however the rewards are only realised over time.
Alternatively, lease finance for office projects allows payments to be spread over time so that companies can reap the benefits of their new more productive environment before paying for it and without having to wait for large sums of capital to become available.
At WestWon, lease finance agreements are specifically tailored for office refurbishments and fit-outs and can include all aspects of the project including:
WestWon offers businesses an end-to-end planning and finance service for companies moving offices and seeking the best leasing options for their plans. Companies can enjoy the convenience of finance from a single source for a whole range of project needs. Plus an agreement tailored to individual requirements by experts in the Office Move and Fit Out field.
For more information, contact WestWon on Tel: 01494 611 456
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