Why Rent Medical Equipment Instead Of Buying

By Lila Bryant


In the past, the business world has been conflicted on whether to rent or purchase equipment. Both options have pros and cons that any business entity should consider. In the medical field, there are more advantages in renting than purchasing. In that regard, there are several reasons to rent medical equipment.

There are different kinds of machines in use at medical facilities. MRI's, CT scanners, X-ray, heart monitors and ultrasound machines are the most common types of equipment in hospitals. These machines are very expensive and a hospital with financial problems cannot acquire them. Therefore, the renting option is perceived as the best.

Aside from purchasing a machine, there are several other options for acquiring the necessary appliances. Equipment financing is just but one of the many options. Big companies and financing corporations, when approached, have the ability to finance such acquisitions. Another option is hire purchase where a medical facility is required to pay a certain installment every month but this amount may still be too expensive for a healthcare facility to afford.

The renter will be required to pay periodic rental fee; this may be once a month, every three months or annual basis. There are minimal or no restrictions at all regarding the use of the machine. Provided the financial terms of the agreement are met, the renter has all the freedom of use. The machine can also be rented for as long as the client affords, or until it reaches its end of life.

Rental charges vary from one company to another, so a rational client may want to compare the rates charged by different firms. A company that has both new and used machines would charge different rates of rent, where new machines are offered at higher rates compared to used ones. It is always advisable to learn more about the rates before making a decision.

Because the Internet is widely available, leasing companies can be found with ease. The Internet is full of information available on social media, blogs, online forums, company websites and many other sites. You may need to run a quick search to identify the most appropriate company. Potential customers should read the reviews including the available offers in order to make informed decisions. Ideally, lease companies that charge the lowest rates and have good reputation should be considered.

A decision needs to be made on whether to rent second-hand or new machines. Due to the high cost of renting new ones, acquiring used appliances is preferred since they just deliver the same great results. Consulting with experts in the field is recommended before making a final decision.

Insurance coverage is always needed when leasing something. This is because there is always a chance of the item getting damaged, stolen or lost. Doing some research to find out who actually owns the machine is also necessary. If an appliance is fully covered, the insurer will compensate both the owner as well as the renter for their losses.




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