There is a huge difference between used and refurbished medical equipment. Most people hardly ever know what the difference is; to them, it is all the same.
Used medical equipment is basically equipment that has been used by other companies and is sold or leased as it is. Refurbished medical equipment is used equipment whose worn out or damaged parts have been replaced with new ones. Are there any advantages of financing refurbished equipment as compared to used ones?
Advantages Of Using Refurbished Medical Equipment?
When you make cash purchases on used medical equipment, they do not come with a warranty. If the equipment malfunctions or fails after a few weeks or even days of using it, it is up to you to cater for repair costs. You will also be responsible for maintenance of the equipment.
Refurbished products are considered to be as good as new since they have already been tested with the new upgraded parts. They also come with warranty packages that include delivery and installation.
Overall, the two options provide a cost effective strategy of acquiring quality equipment at an affordable price. They also come with some risks if they are purchased from an untrustworthy source.
Mistakes To Avoid When It Comes To Refurbished Medical Equipment Leasing
If you see that you do not have enough resources to make a cash purchase on refurbished medical equipment, then the other option that you should consider is leasing. Leasing is much cheaper and will not affect the capital that you have set up for your business; instead, payments made will be considered as monthly expenses.
If you consider leasing your refurbished medical equipment, then you should avoid some of the common mistakes that people make. The first mistake that people make is scheming through the lease agreement. Business owners are constantly reminded that they need to fully understand the terms and conditions of the agreement before signing on the dotted line. Saying “I wish I had seen that” after you realize you have to pay for your repairs and maintenance won’t be of much help.
Whether you are a new business owner or you have been in the industry for a long time, it is important that you always consult a professional before signing a contract. You could either consult your lawyer or your business accountant. Relying only on what you believe will put you at a great risk of being swayed by smooth talking sales reps with selfish intentions.
Things To Consider Before Purchasing Refurbished Surgical Equipment
Always purchase or lease your surgical equipment from a qualified refurbisher. A qualified refurbisher will test each and every piece of surgical equipment and make the necessary repairs or replacement of parts so that the equipment meets the required standards.
Does the company you plan to purchase or lease from have a warranty and return policy? You obviously won’t get a five year warranty for refurbished surgical equipment but they should give you at least a six months warranty. If your equipment breaks down while it is still under warranty, who will come to repair it and how fast will they respond?
The most important thing is to check a refurbisher’s return and fail rates. If someone has had a bad experience with a refurbisher, you can be assured that they will not keep it a secret which is why you should find out as much as you can about a refurbisher before you make any deals with them.
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Refurbished Surgical Equipment Leasing; What You Should Know
If you hope to save some money on surgical equipment leasing, there are a few questions that you should ask. One of them is how well does the company know the equipment that you need? Unlike a bank, which does not care what kind of equipment you purchase provided you give them their money back, a leasing company should be well versed with the kind of surgical equipment that you need. It wouldn’t make sense to go to a company that specializes in leasing forklifts when you need surgical equipment.
Secondly, you should find out the kind of support that the leasing company provides. The least that a leasing company can do is to consult with you and help you to choose the right surgical equipment. They should tell you of the available options so that you can make an informed decision. The last thing that they should do is just take your order and hand you a pen to sign your lease.
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