Case Study
Telecommunications finance- Upgrading existing telecoms equipment

The company decided to replace their old phone system with the latest technology, rewarding existing members of staff for their hard work. After receiving a quote from their supplier, they were advised by their finance director that they could make the most of tax benefits by leasing the equipment.

Leasing Example

  • Company:
  • Capital Cost:
  • Term Length:
  • Lease Rental
  • Equipment Financed
  • Design Company
  • £8,444.33 + VAT
  • 3 years
  • £287.50 + VAT per month
  • 33 x Yealink T42 Phone Gigabit & headsets, 3 x Yealink CP860 IP Conference Phone

With record revenue and profits, this Lancashire based design company made the decision to expand and recruit a further 7 members of staff to their already growing team. After speaking to their local telecoms supplier, they were made aware how their existing phone system, now over 6 years old, had been discontinued and new phones with the latest technology would need to be purchased.

The company decided to replace their old phone system with the latest technology, rewarding existing members of staff for their hard work. After receiving a quote from their supplier, they were advised by their finance director that they could make the most of tax benefits by leasing the equipment.

Did You Know

WestWon have financed over £1.5 million worth of telecommunication equipment!

After a bit of research online, the company contacted WestWon as well as other finance companies for quotations. The design company chose WestWon due to their speed (a quote was in their inbox within 2 hours from initial call) and with competitive rates. The customer made WestWon aware that they needed to proceed ASAP as the prices of the phones were to increase the next day. With the customer’s approval WestWon got the credit approved the same day and documents were with the customer and signed the same day, locking in the price of the phones.

The equipment was supplied and installed by the supplier within 2 weeks and the agreement activated. WestWon has since financed a further £30,000’s worth of equipment, including Apple equipment and server infrastructure for the design company. WestWon are also now the approved finance partners for the supplier and have arranged telecoms lease agreements for many other customers of theirs.

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