Asset Finance for medical equipment
Asset Finance can provide solutions for medical equipment. From advanced systems – including robotics – in your operating theatre to basic furnishings for your waiting room, to the IT network, it will let you have everything you need and spread the cost. there are two types of Asset Finance to consider.
Hire Purchase lets you acquire an asset right away and spread the costs over up to 5 years. Hire Purchase is often used for items with a relatively long life. Power beds, which could easily be in use for 20 years, might be ideal for Hire Purchase.
Leasing works much like a rental agreement. It might be the only practical way to provide items like an MRI system, with costs in £millions. Leasing can also include maintenance – meaning that keeping your equipment in perfect condition is the responsibility of the lender.
New or secondhand?
New equipment may be ideal, but refurbished equipment can also be a good investment, especially for items such as seating. At Rangewell, we can help you cut your costs with pre-owned equipment – then cut them again with Asset Finance.
Can your supplier help?
Most medical equipment suppliers will be pleased to help you afford the equipment you want with their own Asset Finance arrangements. But they will be making a profit from providing the finance as well as on the equipment itself.
They may even offer 0% finance to close the sale – but there is a catch. As a borrower, you won’t pay any interest on the sum you borrow. So, if you finance a £8,000 portable ultrasound with an interest-free agreement from the supplier, you’ll repay just £8,000. The dealer pays the funding company the cost of the interest which they would otherwise take from you – but they will absorb the interest cost into the sale price. That £8,000 system could be hundreds of pounds cheaper if you bought it with cash – and found a specialist lender to provide the funds you needed.
This content was originally published here.
