For over four decades, Leasing Associates of Barrington (LAB) has been leading the way as the industry’s preeminent independent medical equipment lessor.
We can help you navigate a constantly changing landscape.
BENEFITS OF LEASING
Leasing vs Cash or Banking
Obsolescence…If the technology of the equipment advances, and you expect to upgrade (i.e. return) the equipment in 3 or 5 years, you may be better off by leasing the equipment and returning it when the term expires. Pay for the use of the equipment, not the ownership.
Useful Life: Some equipment simply wears out in 5 years’ time, in which case higher service/maintenance costs and increased downtime can quickly offset any value of equipment ownership.
Cash and Bank Loans have a price…Assuming competitive lease rates are available, would you not be better off investing that cash on capital improvements and utilizing bank lines for new programs or services which can provide a higher rate of return than the cost of the lease?
FASB Operating Lease
Let LAB assist with navigating the often-complicated FASB (Financial Accounting Standards Board) guidelines to allow a low monthly payment while accounting for the lease accurately and meeting FASB 13 requirements.