Dental Equipment Leasing

Dental equipment leasing can be an ideal solution whether setting up a new dental practice or buying new equipment for an existing one. Unfortunately the costs associated with getting the equipment are pretty expensive. As one off purchases it probably isn’t too bad but when faced with needing a lot of dental equipment then the cost can be quite frightening!

Fortunately there is a solution to the high costs, leasing of the equipment. Leasing is a good option because it also has tax benefits. Basically the costs are a business expenditure and are therefore allowable in reducing tax bills. To understand it properly and the current regulations then it’s always wise to discuss with an accountant or tax advisor first.

Dental Finance Why Lease and What Can Be Leased?

The benefits of leasing are many! First of all your capital isn’t tied up and there are usually no upfront down payments unlike arranging finance through a lender. There will be an initial payment followed by monthly payments. Often leasing is flexible so that additional equipment can be added further down the line. The cost of the lease payments will obviously vary but are usually competitive when compared to getting a loan.

The sort of equipment available to lease is infinite and not just limited to the dental laboratory, for example:

• Dentist examination equipment
• Dental examination chairs
• Sterilization equipment
• Lighting
• Dental x-ray machines
• Office furniture and software
• Billing equipment

What Happens at the End of the Lease Period?

Several things can happen, the equipment may be returned or the lease can be extended. There is also the option to buy the equipment at this stage. Before signing it’s a good idea to find out in writing what sort of cost might be involved in doing that.

How to Obtain a Dental Equipment Lease

Most of the large dental equipment supplies companies will offer leasing arrangement facilities. In most cases it is a fairly quick thing to set up; very often approval can be got the same day. Alternatively there are specialist leasing companies who specialize in dentist equipment. Either way it’s wise to check out the deals offered by at least three so that you can compare the different facilities offered and perhaps use the knowledge as a bargaining tool to get better deals.

Dental equipment leasing is very worthwhile of consideration when faced with the large expenditure that is required when setting up a dental lab. Make sure that you do the required research before signing on the dotted line and you won’t go far wrong.