Investing in necessary capital equipment can put a huge strain on your cash flow. Western Capital has a range of financing options to help your business. Our competitively-priced Asset Finance allows you to purchase the equipment your business needs to grow, while keeping repayments simple and manageable, and your cash flow healthy.
Leasing can be used to Finance many items for your business. These include:
- Vehicles from Cars to Earth Movers
- Manufacturing Plant and Machinery
- Computers and IT Equipment
- Office Equipment
- Warehouse and Storage Plant
There are many other uses that Lease Finance can be used for, ranging from a few Thousand Pounds to Several Million Pounds.
If you are unsure whether your intended use for Lease Finance is appropriate and possible, pleae don't hesitate to consult Western capital in complete confidence
How Leasing Works
Leasing falls into two fundamental categories:
Direct Lease.
After identifying the asset and negotiating the price you arrange for the
leasing company to buy it from the manufacturer (for new equipment) or the
previous owner (if the equipment is prior-owned). The leasing company then
rents it to you under the terms of a Lease Finance Agreement.
Sale-and-leaseback
You sell an asset you already own to the leasing company for it's market
value or book written down value (whichever is less) and then lease it back.
This is also referred to as purchase leaseback.
In both cases, the lessor owns the asset, not you, and rents it to you. As with any other rental agreement, you return the asset at the end of the lease to the lessor. Some leases grant you an end-of-lease option to renew the lease at a minimal cost (secondary period) or to sell the asset to a third party as agent of the lessor.
Often equipment manufacturers themselves act as lessors or have an affiliated leasing company. This allows them to more easily help their customers finance transactions. The other two groups of lessors are banks and independent leasing companies.
