Dental equipment is a field that has benefited immensely from some of the most astounding technological advances. Most of the top dental clinics in the country use the benefits of digital technology on an everyday basis. But dental equipment has always been, and remains, very expensive. As a result, dental equipment financing or leasing has become a popular option for a number of leading dental clinics and research facilities.
But given the obvious advantages that all the new technology can provide, one often does make the decision to go in for the more expensive models in the catalog, seeing them as service improvement and business growth investments rather than as expenditures. And upgrading machinery is the right choice, too.
Many expenditures like dental X-ray machines, dentist’s tables, chair, account-management software, and other such servicing devices can be obtained on lease from firms that specialize in the field. And equipment leasing can cover many of the essentials of any dental practice. In fact, often it is a better option to lease more and more of your equipment, because these actions can help your credit rating in the long run, making subsequent purchases cheaper. It can also help open up unused lines of credit while maximizing credit benefits. Equipment leasing can also make a company purchase eligible for tax benefits-it increases one’s liabilities, thus reducing tax liability.
While leasing any piece of equipment, you must ensure before the deal is inked that the particular device is in perfect working order, because once the deal is signed one will have to pay for the equipment even if it doesn’t work. Most leases in the dental equipment leasing sector contain a clause about ‘fair market value’, which a lessee must understand well before he signs. The final calculation is a complicated process, so it is best to hire a lawyer or accountant who can take care of these issues. Dental equipment is very expensive, so it is generally better to lease equipment rather than buy it.