Making Equipment Acquisition Affordable
Medical imaging equipment represents a significant investment. Understanding your financing options can help you acquire the technology you need while managing cash flow effectively.
Equipment Leasing
Advantages:
- Lower upfront costs – preserve capital for other needs
- Predictable monthly payments for budgeting
- Potential tax benefits (payments may be deductible)
- Flexibility to upgrade at end of term
- Service often bundled into agreements
Equipment Loans
Advantages:
- Own the equipment outright at payoff
- Build equity in the asset
- Depreciation tax benefits
- No restrictions on equipment use
Fair Market Value (FMV) Leases
- Lower monthly payments than capital leases
- Option to purchase at fair market value at end of term
- Good for technology that evolves quickly
Capital Leases
- Higher monthly payments
- Ownership transfers at end of term ($1 buyout)
- Treated like ownership for tax purposes
Considerations When Financing Refurbished Equipment
- Some lenders specialize in pre-owned medical equipment
- Consider bundling service agreements into financing
- Evaluate total cost including interest over the term
- Review early payoff options and penalties
Sunrays Image Technology can connect you with financing partners experienced in medical equipment to find the best solution for your facility.
