Tag Archive for: resellers

Low Interest Equipment Leasing Deals Are Ideal For Pre-Christmas Sales Promotions

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Low interest lease finance is a great way for suppliers and resellers to promote selected product lines and, at the same time, help their customers to fund new equipment more easily.

Special leasing deals are in fact ideal solution all year round, and especially towards year end: resellers receive full payment upfront while customers can pay for the equipment they need at a great rate and over a time span that suits them, typically 2-5 years.

Low Interest Equipment Leasing with WestWon

WestWon  is already successfully working with 100s of suppliers and resellers through the WestWon Partner Finance Programme.

As well as providing a dedicated WestWon account manager to help provide customers with the best low interest leasing offers possible in each scenario, we can also set suppliers and resellers up with a branded Partner Portal to ensure their business benefits from the ability to instantly estimate the cost of attractive leasing deals on an on-going basis.

WestWon Partners in Growth

Working in partnership with WestWon enables suppliers to offer a range of flexible, tailored finance solutions so that customers can invest in the equipment and technology they need right away. With access to over twenty providers of leasing and asset finance, WestWon offers high acceptance rates compared to industry standards and fast turnaround on agreements.

We provide our partners with training and support to help them maximise leasing opportunities within their business, and to enhance the customer experience and range of options available to their clientele.

As a member of the National Association of Commercial Finance Brokers (NACFB) and an Associate Member of the Finance and Leasing Association (FLA), WestWon adheres to industry best practice. We pride ourselves on providing an excellent level of service and complete transparency on all agreements.

To find out more and discuss the most suitable options for your business, simply call us now on Tel: 01494 611 456 or email [email protected].  You can also download our FREE comprehensive Guide to Leasing. 

Everything You Need to Know About Interest Free Leasing Deals

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Is there such a thing as an interest free leasing deal?

The simple answer is no. After all, thinking about it logically, why would a leasing company provide you with money for free?  Yet some do appear to be offering interest free equipment leasing options. How can this be?

More About Interest Free Leasing Deals

Firstly, most interest free deals are subsidised by either the equipment manufacturer or the equipment reseller. They use this ‘marketing twist’ to entice the customer to buy their stock and are, in effect, offering the customer a blind discount. For this reason, an interest free leasing agreement can – and often does – represent excellent value for customers. And WestWon has run numerous interest free leasing offers on behalf of suppliers, who are looking for a new, modern way to promote their products.

How Does Interest Free Business Equipment Leasing Work?

In simple terms, if a supplier or manufacturer wishes to sell equipment with a capital value of £12,000.00+VAT on an interest free lease finance basis over three years, the lease payment would typically be £1,000.00+VAT per quarter. That equates to £12,000.00+VAT over the course of the whole lease.  So apparently interest free….

However, not quite so … the supplier invoices the leasing company upfront for the equipment as per the normal process, but, in our example, for the reduced amount of £10,500.00+VAT rather than the full capital cost of £12,000+VAT.  The leasing company then bases the lease payments due on the discounted figure of £10,500+VAT, and thus still makes circa £1,500.00+VAT in interest on the deal.  As customers only see the lease agreements they make with the leasing company and not the invoice from the supplier to the leasing company, they are typically unaware of the underlying supplier discount that enables the leasing deal to work.

Is This Type Of Lease Agreement a Good Deal For Customers?

There is absolutely nothing wrong in this type of offer and, in fact, it usually represents excellent value for the customer, who obtains the benefit of the equipment immediately while paying for it over its useful life. The supplier gains a new customer and the leasing company receives interest on the deal as normal.

One thing worthy of note is that technically with an interest free lease agreement, title (ownership) of the equipment should pass to the customer at the end of the lease, so interest free deals are often put together on a lease purchase as opposed to a lease rental basis.

For more information about the best leasing options for customers, manufacturers and resellers please contact WestWon on Tel: 01494 611 456.

New WestWon Website Highlights Benefits Of Equipment Leasing

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WestWon has just launched its innovative new asset finance options website – designed to make it easy for resellers and their customers to discover the business advantages and cost benefits of leasing.

Asset-based finance allows customers to buy the equipment they need now and pay for it over time, ensuring they can acquire the equipment they require from their preferred reseller when they need it.

 

WestWon Website Makes Leasing Easy

Packed full of the latest useful information, WestWon.co.uk provides:

 

For specific questions about how leasing can pay dividends for both businesses and resellers, please call us direct on Tel: 01494 611 456 or email [email protected]

WestWon has already signed up 100’s of resellers to our Finance Partner scheme and we look forward to speaking to many more soon.

 

About WestWon Asset Finance & Leasing

With its Headquarters in Beaconsfield, Buckinghamshire, WestWon is a well-established provider of equipment asset finance and leasing to all types of companies in the UK. As a member of the Finance and Leasing Association and National Association of Commercial Finance Brokers, WestWon is committed to the principles of transparency and adherence to industry best practice in all transactions.
For more information see www.WestWon.co.uk

 

Why Suppliers and Resellers Are Now Offering Leasing As Standard

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Leasing now helps to fund 27% of all fixed capital investments in the UK. So it’s hardly surprising that more and more resellers are offering their customers an asset finance option – increasing customer loyalty as a result.

Including a lease rental price helps your customers in these ways:

  • They can spread the cost over time in line with the expected ROI on their investment
  • They may be able to afford more or different equipment that better meets their needs.
  • They will find it easier to upgrade more often in the future, avoiding technology obsolesce.

WestWon provides a range of support options for reseller partners who wish to offer their customers a finance option. These include

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

Offering your customers a WestWon Lease Finance option benefits both your company and your customers. For more information simply email [email protected] or Tel: 01494 611 456

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