Choosing the right lease agreement

WestWon provide a full range of options to ensure your choice of finance solution exactly matches the needs and demands of your organisation.

The following table summarises some of the more popular options and their features:

Lease Rental
Finance Lease
Lease Purchase
Hire Purchase
Operating Lease
Capital Value£1,000-£10M+£1,000-£10M+£1,000-£10M+
Repayment FrequencyAnnually, Quarterly, or MonthlyAnnually, Quarterly, or MonthlyAnnually, Quarterly, or Monthly
Fixed or variable rates?FixedFixedFixed
VATOn each rentalIn full with first paymentOn each rental
Tax*Fully deductiblePartially Deductible (equivalent to using cash)Fully deductible
OwnershipFinance company throughout termClient (subject to full payment)Finance company throughout term
End of agreementCan be retained for a nominal fee or returned.Equipment title automatically passes with final paymentEquipment to be returned in good condition or retained by paying secondary rentals to cover residual value

* Tax commentary ignores standard capital allowances and impact of a Lease Agreement

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