Medical equipment leasing for good financial results

Medical equipment leasing is a great way for vendors to allow their practices to acquire the state of the art equipment. The medical profession is constantly evolving, so in order to remain competitive, providers must continually upgrade their equipment packages. Unfortunately, to buy outright or get a loan on standard equipment requires a huge outlay of money. Leasing solves the problem because no deposit is required, thereby allowing the provider to store thousands (or hundreds of thousands) of dollars in capital. Lease periods typically range from 24 to 60 months, so there is great flexibility to upgrade equipment without a large investment of capital.

There are many advantages to leasing of medical equipment. There are no down payments, the application is relatively simple, and not restrictive financial covenants. In addition, the lease does not involve cross collateralization. Lease provide 100% financing with low rates for those with good credit. Other advantages include tax deductions and write-off immediately (depending on how you structured the lease), cash flow better, faster processing, and improved asset management. Usually you get the option to purchase the equipment at the end of the leasing period equal to a set amount or fair market value. Leases can also be written to accept lower payments during low-volume loops and can also provide an option for the lessee to make lower payments during the first year and to accelerate payments in recent years.

Most any piece of medical equipment can be rented as x-ray machines, CAT scan machines, physical therapy equipment, computers, tables for laboratory tests, a waiting room furniture and equipment. Because of the many advantages of leasing medical equipment, suppliers are able to provide the highest quality to the public.

We recommend using a broker to assist in the leasing process. A broker works for putting the package together for the leasing company and the type helps clients through the myriad of options available .......