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Forum Category: Practice Administration

Moderated by:
TheNEXTDDS Admin

Buying vs. Leasing Equipment in Your Practice

In deciding as a new practice owner whether to lease or purchase equipment, you'll need to consider several things. 

1) Is the equipment something that will become obsolete in a few years?

2) Does the cost fit into your budget?

3) Will the equipment increase your productivity or income?

4) Will it improve your or your patients' experience?

5) Are there tax implications?

6) Which option would best serve your financial needs, both short-term and long-term?

Here are some resources to help you answer these questions:

ADA Center for Professional Success

U.S. Small Business Administration

IRS for Small Businesses

Entrepreneur.com

For new clinicians, there is much to consider before buying or leasing equipment. The cost analysis, maintenance, tax benefits and flexibility afforded with each option  are worth reviewing with trusted peers or mentors, and especially a financial professional. 

What questions do you have regarding buying vs. leasing equipment? Which option do you think you'll pursue?

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Buying vs. Leasing Equipment in Your Practice

12:48 AM | Jan 05,2016
also is having a good credit help in buying or leasing dental equipments? and what can we do as a dental student to build good credit?