How to Lease Chiropractic Equipment
Starting a new business is expensive, and you may not have the capital to outfit your chiropractic office with the newest equipment. To reduce initial overhead costs, you can lease chiropractic equipment instead of purchasing. A lease requires that you make payments to use the equipment for a contracted period of time. If you do not want a buyout option, you would return the equipment at the end of the lease and replace it with updated equipment.
Other People Are Reading
Instructions
-
-
1
List the equipment you need to outfit your office. Decide which pieces you wish to lease. Chiropractic equipment offered by lease companies include traction units, chiropractic tables, adjusting tools, diagnostic equipment, hydrotherapy units and x-ray equipment.
-
2
Choose the type of lessor you want to lease from. Chiropractic equipment can be leased from a broker, independent lessor or a leasing company, according to the All Options Equipment website. Evaluate potential lessors by finding out how long they have been in business, whether they deal with chiropractic offices exclusively, and how many other businesses they have financed.
-
-
3
Study the terms of the offered lease. According to ChiroCity.com, most medical equipment leases run an average of three to seven years. Lease types include a true lease, where you return the equipment at the end of the lease term; or a dollar buyout lease, in which you purchase the equipment for a dollar when the lease ends. You may also have a renew option.
-
4
Fill out all applicable paperwork. The lease company is likely to require that you fill out an application that includes your tax ID number, company earnings history, company size, name and location of the practice.
-
5
Sign the contact for the chiropractic equipment lease. The contract should include the term of the lease, payment information and end-of-lease terms.
-
1
References
Resources
- Photo Credit pain ii image by Mykola Velychko from Fotolia.com
