We can not free ourselves from the diseases ,so we have to think out some good ideas to secure ourselves.And this post is just about the medical equipment financing .
Leasing: Leasing medical equipment has a number of advantages. The biggest advantage, in addition to the low cost of leasing, is the ability to keep up with new technology. Depending on the need and the intention of the lessee (medical professional), he can opt for an operating lease or a capital lease.
Operating Lease: In this case, the medical professional pays a ‘rent’ for the use of the equipment, according to the terms of the lease agreement. The lease payments (rent) are treated as operating expense, and hence can be deducted before paying tax. This results in lowering taxes that have to be paid by the medical professional. Moreover, he has no liability because he has not bought the equipment by taking a loan. This is advantageous for a medical professional who intends to avail a loan at a later date, since no or less liabilities make him an ideal borrower. Hence, when it comes to leasing a medical medical equipment, operating lease is the way to go.
Capital Lease: A lease is classified as a capital lease in the following situations:
In case at the end of the leasing period, the transfer of ownership from the lessor to the lessee is allowed. Read the rest of this entry »
