Wheelchairs are useful equipment that medical institutions should have in dozens. Most medical institutions though, do not have enough funds to cash purchase this equipment. That's why options like lease or wheelchair rental exists. Even some clinics and medical mission teams prefer these options over cash purchase. Investing on dozens of wheelchairs using your capital is not a good idea either. Since, development and upgrades of this specific equipment are really fast.
Since cash purchasing is not worth your time and money, the next option is renting. However, to finance wheelchair rental is not an easy feat as well. The reason is because of the conditions under the rental options. The rental contract will allow you to use the specific item for a short period of time usually a month or two. During this period, if you wish to extend the use of the equipment you should get ready for the possible increase in rental fee. This is because the owner will have the right to change it any time he or she wants. In addition, you also need to spare some cash for repair fee is one of the item is broken. Although, renting is comparably lower than purchasing the equipment it is not without added responsibility. That is why this option might not be the best for you.
After eliminating both cash purchase and rental options, you are left with the wheelchair leasing option. One of the good thing about this option is you can get ask for financing help in order to lease the equipment you need. Aside from that, a leasing contract is longer. The minimum period is one year, although you can also find leasing companies that set the minimum at six months. If you go for leasing, then you should be familiar with the fact that it can lend a hand in keeping your monthly costs low. The reason behind is a consistent leasing fee as well as maintenance and repair services throughout the lease period. Other than that no need to worry about where to keep the old wheelchairs anymore. This is because you can return the equipment at the end of the lease or make a final payment such as a $1 buyout at the end of the lease. No need to worry about tax anymore, you can even get an operational tax discount. If you render, the equipment irreparable no worries the company can replace it for you. These are some of the reasons why people should choose the leasing option.
As previously mentioned, you can find wheelchair financing institutions to help you with your leasing predicament. A good way to look for these institutions is asking your dealer to recommend dealers in that niche or going to LeaseQ and getting a free instant quote. LeaseQ is a service company that can help you find financial aid and find the equipment lease that's right for you. If you have a bad credit history, don't worry there are companies who are willing to work with you. To see if you qualify for wheelchair leasing, click here for a free quote.