Is it Better to Finance or Lease?

Contemplating whether leasing or buying medical devices is the best option for your practice? You are not alone. Numerous medical offices make the same decision every day. Devices come in all shapes and sizes, but they also come in varying prices. For those big-ticket items, it may not be feasible to pay for the device outright. Fortunately, there are two different payment options that may fit the bill for those larger devices.

Leasing

With the constant flux of technology, leasing more expensive machines protects against obsolescence and an empty wallet. With a lower upfront cost you can save for other areas of the practice and get a tax break as well for the lease payments. The company that owns the equipment will also handle maintenance and repairs so you don’t have to foot that bill. Not all of Medical Device Depot’s products have a leasing option, but many do.

  • Updated equipment
  • Low cost
  • Maintenance covered

Financing

This is an option for all credit types and new and established businesses. The number-one advantage you will immediately recognize when you opt for financing is that you will own the device. Some practices value being able to treat equipment like it is their own, which also means selling it when they are done with it. Others, however, prefer to trade their equipment for a newer model when a lease’s term is up. There is also no re-negotiating to continue using the product when you own it.

  • Ownership
  • Resale

If you have any questions about what pricing option is best for you and your practice, the customer service staff at Medical Device Depot can help you find the solution that fits. The phone will always be answered by a trained representative who is ready to help you find the best option for your practice. Whether this is your first time buying from Medical Device Depot or your tenth, they will be eager to find a unique solution to your current needs and pricing limits. When it comes to making large financial decisions, the customer service representatives will leave you feeling supported and secure.

Leave a Reply