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How Much Does it Cost to Lease Medical Equipment?

Last Updated: June 07, 2023

Reviewed By: Ashley Smith

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Leasing medical equipment is not just for startups that are short on cash. Medical equipment becomes outdated in just a few years. Because of this, leasing equipment rather than buying is a great way to maintain a state of the art facility.

With a medical equipment lease you pay only the amount the equipment is expected to depreciate while it's in your hands. A typical lease lasts anywhere between one to five years. When the lease ends you can trade in the equipment for a new model.

Clinics, doctor's offices, and hospitals all lease healthcare equipment. Such equipment includes the following:

The Cost of Leasing Healthcare Equipment #

The cost of leasing medical equipment depends on the type of equipment you need, its cost, and your credit score.

A standard rate for leasing business equipment is $60 to $80 per month for every $1,000 purchased. At this rate a $10,000 machine will cost you $600 to $800 per month while a $50,000 machine will run $3,000 to $4,000 per month.

Many medical equipment financiers and financial websites offer online payment calculators to help you estimate the total cost of an equipment lease

Here are some examples of expected monthly lease payments for healthcare equipment that costs $150,000:

Credit RatingContract LengthMonthly Payment
Great Credit (650+)60 months$2,899.92
Great Credit (650+)63 months (first 3 months off)$2,977.28
Decent Credit (600 - 650)24 months$7,025
Decent Credit (600 - 650)36 months$4,946
Decent Credit (600 - 650)60 months$3,298
Bad Credit24 months$7,855
Bad Credit36 months$5,808
Bad Credit60 months$4,220

Healthcare Equipment Leasing Options #

Medical equipment leases are available for equipment ranging in price from a few thousand dollars to several million. In addition to ensuring that you always have the most modern equipment, leasing instead helps conserve cash for other expenditures. Lease payments are also tax deductible.

Medical equipment leasing companies offer both new and used medical equipment. Most leasing terms are 12 to 60 months, but some companies will go up to 84 months.

Some companies offer 100% financing with no down payment required. Some even include soft costs like shipping, installation and training in the monthly lease payment. Others require a down payment, security deposits, and the first and last month's lease payments upfront.

With some companies, flexible payment options are available. They include deferred payments, seasonal payment fluctuations or step up or step down payment plans. For a nominal fee, usually about $100 to $200, you can include an option to buy the equipment when your lease expires.

Top Medical Equipment Leasing Companies #

Here are some well-known medical equipment leasing companies that are often regarded as top choices:

Watch: Should you BUY or LEASE Medical Equipment for your Hospital ?? #

Review this video to find out if leasing or buying your own medical equipment is right for your healthcare business.

Use Our Free Service and Find Equipment Leasing Companies #

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