TRUST CAPITAL Blog

Are you planning to replace your medical equipment?

You can easily replace your medical equipment through medical equipment leasing. But before you can do that, you need to move out your old equipment first.

There are different ways to move your old equipment out of your medical treatment facility. But the most convenient method is usually by selling it. Selling your old equipment not only takes care of its disposal but also gives you money that you can use to acquire new equipment through medical equipment leasing.

However, don’t ever sell your equipment right away. You need to do it strategically so you can get the most out of it.

In this blog post, we will talk about selling and replacing medical equipment. We made this guide so you can quickly acquire new equipment through a medical equipment leasing company.

Are you looking to acquire equipment through medical equipment leasing?

The growing demand for instant access to medical attention has resulted in the expansion of the private healthcare sector. But doing so doesn’t come cheap.  Medical businesses require a huge investment for continual operation.

Medical equipment alone can cost hundreds of thousands of dollars and take up more than half of a medical business’ operating capital. But as effective equipment can be a determining factor in life or death situations, it’s wise not to skimp on equipment.

That's why new and expanding medical businesses opt to acquire the necessary medical equipment through medical equipment leasing. Financing medical equipment is an easier way to have access to the most advanced technology for the cheapest cost.

Although monthly payments for medical equipment leasing are flexible, these are highly dependent on your personal and business’ credit rating. The equipment lease won't report to your personal credit bureau but medical equipment lenders will pull a soft credit inquiry on it to make sure there are no problems. 

In this blog post, we’ll discuss the various interest rates of medical equipment leasing based on the credit rating of a business and personal credit history.

Running a medical practice is hard enough these days, especially when you account for the amount of doctors, clinics, and hospitals out there. Trying to stay ahead of the others is difficult and almost impossible without the new medical equipment on the market. To stay competitive, you should consider medical equipment leasing as an option to obtain the newest technology and be able to provide service to a larger number of patients.