There is a huge difference between used and refurbished medical equipments. 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 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?
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.
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 to be 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.
If you do not want to deal with all the drama of looking for a reputable supplier or having to deal with smooth talking agents or sales reps, then LeaseQ is the place that you should visit. This is an online market place where you can connect with leading finance companies and compare lease quotes.
The process is free, easy and instant. You do not have to worry about your damaged credit or the fact that you are a new business. If you are unsure of which lease options are the best for you, finance experts will assist you to find the right plan.
To see if you qualify for refurbished medical equipment leasing, click here for a free quote.