When patients are researching medical facilities, they tend to select a provider that's equipped with today's leading technological advances. With leasing, you can equip your medical facility with the latest state-of-the art technology, eliminating your risk of owning obsolete equipment in the future.
Since leasing often doesn't require a down payment, as a medical practice owner, you can conserve capital and use that money to reinvest in other areas of your medical practice. Once your lease has come to an end, you will have several continuing, replacing, or terminating options available.
Another critical issue to consider is government taxes. When purchasing your equipment the IRS doesn't allow you to deduct your entire cash purchases, but it does allow for medical practices to deduct 100 percent of the lease payments from gross income, which reduces the net cost of the lease.