A dentist needs a variety of equipment like the dental chair or the x ray machines or even other laboratory equipment of various types. This is where one might need to know a little more about dental equipment financing.
Dental equipment, of course, also is taken on lease without affecting any one person’s credit sheet. This will lead to major savings and leasing down payments are less expensive that bank loans. The payments operate in the payment term which is tax deductible. As the equipment arrives there is always the put it through a rigorous inspection to check for all sorts of functions and sometimes flaws.
Of course, you have to be additionally careful to ensure that no one deals with the equipment badly because it is taken on lease. The lease will not allow you to toy around with the equipment. There is always the option of upgrading at not so great a cost though. You also need to maintain it at your own cost.
The fast progress in dental technology makes it difficult to allow the dental office to use the technology that is latest all the time. Thus leasing the equipment can be an alternative to buying it, but you should know a few things before signing a dental equipment leasing contract:
1. The company that is leasing it out should have the latest technology as well as the older varieties. Check out their list of stuff to begin with to know if they have what you want. A customer service option is must. When you finally take the equipment you should note the age of the equipment.
2. After checking for the latest technology check their list to confirm if they have the exact varieties of things that they want. They might not have everything but at lest the essential pieces are a must have.
3. Check if their customer service record is good enough and thus allow for good maintenance? Does the customer service guy call you up immediately when required and is also easily accessible?
4. Compare costs which would include stuff like leasing costs, maintenance costs, supply costs, equipment costs, administration costs, delivery costs, etc. go for the lowest cost package if it meets all your needs.
5. Check for the company’s credentials (check if they are listed with the BBB) and license before you go on to check for the rest of the stuff. Check if the equipment meets safety standards and also for insurance.
Regarding financing, you have to check whether the dental equipment is leasable on a low credit score. Always try and go for leasing because it keeps your credit account mores secure and gives you greater buying power. Also check out for the tax advantages. The leasing increases your liabilities and allows you to keep a safe record with the IRS.
Thus, a dentist needs a variety of equipment like the dental chair or the x ray machines or even other laboratory equipment of various types. This is where one might need to know a little more about dental equipment financing.
Author Resource:
Chris Fletcher's page features more about new and used Dental Equipment Financing and other finance topics. Visit him at: http://www.crestcapital.com/Catalog - - free instant quote & web calculator!
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