Lease or Buy?

Looking to update or expand your practice? If so, you may also be weighing whether to lease or buy equipment. The decision is not always an easy one to make because the two acquisition options have both advantages and disadvantages.

For example, leasing generally requires a minimal down payment (or none); it may protect the practice against obsolescence; and payment may be spread over a longer period of time. So, upfront costs are lower, which frees money to be invested elsewhere. Down the road, the cost of upgrading leased equipment may be lower than purchasing new.

Factors to consider when thinking about leasing equipment include the following:

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