How is leasing beneficial, and how much does it cost to lease an MRI machine?
It doesn’t matter whether you’re running a full scale hospital or just a private practice or a small clinic: the medical field is complex and requires a lot of tools to work properly. This includes staff with years of college experience, a vast amount of equipment and items to be used, and the money to afford all of this along with rent, utilities, fees, licensing, and other bills that need to be paid.
Many experienced doctors attempt to open their new practice only to get swamped with the endless expenses and no real way to end them, especially in equipment, which is necessary in both quality and quantity. This is a major struggle with all equipment, but especially in the medical field, hardware is expensive, especially when efficient, and you’ll need a lot of it.
You don’t want to start your business poorly with cheap, ineffective equipment, or without enough equipment, which is why many business owners look up how much does it cost to lease an MRI machine and the other medical equipment their business will need.
With leasing, the concept of purchasing equipment seems pointless, as a good lease can be a huge advantage to your business as far as cutting expenses.
Why Should you Avoid Buying Medical Equipment?
Many business owners know that they can claim equipment as an asset to get money for purchase and wonder why they can’t just take out a bank loan and buy the equipment that way. After all, a loan is money they can use to shop around for deals, and they can pay off the loan hopefully and actually own the equipment.
Plus, they’ve heard horror stories about bad leases and don’t want to fall prey to the same bad luck with their medical company. However, examining the long run aspects of purchasing equipment makes it less of a good idea for a medical business just starting.
For starters, a bank loan comes with an interest rate while a lease is a flat monthly rate, keeping you paying a low, affordable rate versus piling onto your own debt. In addition, purchasing equipment is challenging in the sense of upgrades. While leasing is a loan just like any other bank loan, bank loans are just a certain amount of money awarded to you that you have to pay back, and they don’t have any equipment-related benefits.
Leasing companies allow you to get equipment upgrades, while purchasing equipment that will either break down or become outdated after a few years is extremely disadvantageous. You essentially put yourself into debt for a few years worth of decent equipment before you need to buy the same hardware again, putting you even further into monetary trouble.
How much does it Cost to Lease an MRI Machine?
On the other hand, leases offer you more breathing room as far as you trying to start up your own business, but you have to have the business savvy necessary to recognize good leases and bad leases. This is mostly accomplished by knowing how leases work and knowing what you want out of your lease as far as the equipment you’re buying.
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A lease is essentially a contract where you get equipment for a set period of time in exchange for a low, flat monthly rate that you pay. Once the lease is up, you get the option of returning the equipment, purchasing it at a lower rate, or continuing the lease and getting an upgrade.
Since it is a contract, it does have a high cancellation fee if you opt out early, something many business owners do not take seriously enough. The two main things you need to look for in a lease is a reasonable monthly rate and a lease contract period that matches with how long you want the equipment.
You don’t want to be one of those business owners that settles for an overpriced lease, or who gets a contract period way longer than they actually needed.
Leases are deals, and like any other deal, there are good ones and bad ones, and if you want to get the best one possible you need to do your homework. To learn more about how much does it cost to lease an MRI machine for your firm, click here.