Leasing Medical equipment
If it appreciates, buy it. If it depreciates, lease it.
That sentence says it all when it comes down to businesses that need to keep their equipment up to date to stay competitive and to provide the best service available for their clients. Medical and dental equipment is very costly and almost prohibitive to the new doctor just starting his practice. The new practitioner is often strapped with college debt, in the beginning, and probably has to have an investor or take on a partner to start a practice. Financing such a high ticket item poses great financial risk, until a clientle can be built up. And with new technologies constantly emerging, equipment obsolescence is also a real financial danger. Equipment leasing makes all the sense in the world for these two professions. There are others out there, but I’ll get to them in later blogs.
Most of the equipment necessary can be leased. From dental x-ray machines, dental chairs, and billing software to exam tables, x-ray and scanning machines, etc. on the medical side. Both diciplines can stay up to date and on the leading edge when they lease their equipment. Not to mention the tax advantages available with leasing.
“The most important contribution of the equipment leasing industry lies in providing access to capital” Leasing promotes business growth!”
