What is equipment leasing?
Equipment leasing is a solution that businesses both large and small are utilising. It improves cash flow and enables your business to make several investments. Leasing opens your business to a number of avenues whether you are a supplier or a customer.
Choose the right lease agreement
With equipment leasing there are two agreement types: lease rental (finance lease) and lease purchase (hire purchase).
Here is a breakdown of the two agreement types:
The benefits of equipment leasing
1. Preserve cash flow
2. Pay for the equipment as you use it
3. No need to pay the VAT up front
4. A new source of funding
5. Tax benefits
6. The benefit of easier budgeting
7. Using a revenue budget as opposed to a capital budget
8. Avoids obsolescence
What can you lease?
Here at WestWon we can arrange a lease agreement for near enough anything. We finance a number of different assets from the most common to the most niche.
What sectors does WestWon work in?
As a finance company it is clear to say that we have managed to get ourselves involved in a number of sectors. Whatever sector you are in, WestWon is sure to be able to make some arrangements.
What is equipment leasing? Hopefully this is post has answered that question for you or at least given you a small insight into the leasing world.
If you do want some more information of equipment leasing get in touch with us, and we are happy to have a chat or even arrange a meeting with you.