There comes a time when your business needs new portable medical equipment and the big question that you might ask yourself is whether it makes sense to lease it or to make a cash purchase on it. The answer solely depends on what your immediate needs are and also your long term goals. Some of the benefits and cons of leasing will be discussed here.
Leasing your portable medical equipment helps to keep your equipment up to date. As with any other kind of tech equipment, your equipment will at one point become obsolete. When you sign a lease, you pass on the financial burden of upgrading to the equipment leasing company. If you, for example, have a lease of one year, once it expires you are at liberty to choose equipment that is newer, cheaper and faster.
Your monthly expenses will be predictable since in your agreement, you will have already predetermined the amount that you are supposed to pay every month. According to a survey done by Equipment Leasing Association, this was considered to be the number one reason why most people opt to finance through leasing.
When you lease medical equipment, you are able to keep up with the big fish in the industry. This is because despite the fact that they have more money to cough up and buy sophisticated technology, you can still access the same kind of technology through leasing. This way, you can easily compete with them.
One of the cons of leasing is that in the long run it may become expensive because you will end up spending more than you could have used to purchase the equipment.
Most people just scheme through the agreement in a lease without really understanding what it entails. This is definitely a big mistake because you might end up getting yourself into something that you will regret later. Some of the things that you should look at in an agreement are whether they offer delivery services, maintenance and repair free of charge. Some suppliers offer a good deal on portable medical equipment leases but they exclude free repair services and if you miss this detail in your agreement, you might just regret it later.
Finding a suitable lease for you may be a tedious task especially if you need it urgently. In order to be able to run your business efficiently, you need to find the best equipment from leading finance companies. This process can be made much easier by visiting LeaseQ. This is an online platform where you can get free and instant quotes from hundreds of companies in a very short time. For instance, you can get a pre-qualified quote in less than a minute plus you can see the actual amount that you have to pay per month. You are in control of what you want because unlike in some other websites, you won't be pestered by sales reps. To see if you qualify for portable medical equipment financing, click here for a free quote.