It is vital that you do your homework before you lease medical exam room furniture so that you get exactly what it is that you are looking for. Once you have an idea of the type of questions that you should ask your supplier, you will find that you will be able to make more informed decisions. The following are some of the questions that you should ask your supplier before signing an agreement.
The first question that you should ask your supplier is how long the lease is for. If you want to pay a low monthly fee, getting a longer lease will be a good way of reducing costs. The tricky part with such kind of a lease is that there is a likely chance that in the end, you will end up paying more money.
Secondly, you can ask your supplier if there is a buyout option. There are usually two kinds of options: $1 payout and Fair Market value option. With a $1 buyout, it simply means that the equipment will be yours at the value of $1 after your lease expires. With fair market value, it simply means that when your lease ends, you could buy the equipment at market price.
There are two types of leases that you should know about: operating and capital lease. An operating lease allows your supplier to retain ownership of the equipment for tax purposes. With this kind of a lease, equipment that is leased to you will be seen as a monthly expense instead of a depreciable asset. This type of a lease is usually a short term one and is favored by small businesses because it does not tie up funds.
The capital lease is just like a loan. This type of a lease is generally considered to be an asset on your balance sheet. This way, you will get all the benefits such as tax depreciation. The only disadvantage of this type of a lease is that your ownership could become obsolete. These kinds of leases can last even five years.
Now that you have an idea of the kind of questions that you can ask a supplier and the types of leases that you can choose from, where exactly can you get free and instant quotes from hundreds of leading finance companies? LeaseQ is one of the few websites where you can get all this and more. They have made things easier for their visitors by putting up one minute video so that they can see for themselves how everything there works.
Once you get a quote that you are comfortable with, you do not have to worry about your damaged credit record because they have an online platform where they make only soft credit inquiries. To see if you qualify for medical exam room furniture leasing, click here for a free quote.