Scientific and Medical Equipment Leasing Offers Greater Benefits for Patients and Organisations

Technology continues to advance at a rapid pace, which is particularly evident in the scientific and medical fields. However, keeping up with science can be a drain on the finances for any organisation or medical practice. Scientific and Medical Equipment leasing allows surgeries, hospitals, dental practices, laboratories, pharmacies, opticians, universities and veterinary practices to easily upgrade technology and avoid equipment obsolescence. Indeed, one of the fastest growing and most popular ways for the sector to finance equipment and technology is through a lease agreement.

Benefits of Scientific and Medical equipment leasing

As well as the ability to frequently update specialist equipment without tying up available cash, a leasing scheme can offer considerable tax benefits. With an operating lease, lease ‘rental’ payments are an allowable business expense that can be set against profit – thereby potentially reducing your tax bill. Other methods of equipment acquisition, such as outright purchase, do not have the same level of tax benefit.

Leasing offers the flexibility to acquire the latest technology required straight away to ensure equipment is up-to-date, reliable and accurate to provide the highest quality of care for patients and optimum results. It prevents having to delay the implementation of plans until sufficient funds become available, enabling new technology to be adopted instantly.

Most types of Scientific and Medical equipment can be leased

From a dentist’s chair or a hospital bed to an entire operating theatre, a wide range of specialist equipment can be leased as well as entire projects. Other lease options include furniture, computers, security systems and even maintenance agreements. You can choose any combination of equipment and technology from multiple suppliers for your lease agreement.

Some of the most common types of scientific and medical equipment that can be leased include:

• diagnostic equipment
• surgical instruments
• decontamination equipment
• hospital beds and furniture
• imaging technology
• pharmacy equipment
• laboratory equipment
• surgery fit outs
• security systems

WestWon Limited has a wealth of experience in providing asset finance solutions for the scientific and medical sectors. For more information, download the WestWon Fact Sheet for Scientific Leasing. Tel: 0194 611456 for more information or an instant lease quote.