Equipment Finance Calculator
The equipment finance calculator is a crucial tool for determining how medical equipment financing rates can fit monthly payments into a company's budget. At Med One Group, we provide this resource for free so you can acquire infusion pumps, monitors, ventilators, therapy equipment and other medical equipment with a clear vision of how it will affect your bottom line.
We offer several creative payment solutions, and we invite you to evaluate them using our medical equipment lease calculator to see what your payments may look like based on various terms from 36 to 84 months. We base our payment estimates on our dollar buyout lease program — though costs may vary by lease type, this provides you with a good ballpark of where your payments will land. Let our equipment lease calculator guide you to the best solutions for your needs.
For More Information
We hope you found our equipment lease calculator useful. If you need more detailed information on the advantages of leasing, call one of our experienced leasing professionals at 800.248.5882.
Request A Quote Credit AppFrequently Asked Questions
What is the process of medical equipment leasing?
1. Discuss needs with potential lessor
2. Lessor creates pricing proposal
3. Hospital signs pricing proposal agreement and issues PO
4. Medical equipment is shipped to the hospital
What types of leases are available?
The Med One Group leasing equipment calculator can help you determine costs for any of these payment options:
Capital leases – If you've ever dealt with a “rent-to-own” schedule, you've worked with capital leases before. They are also known as a “$1 buyout lease." The leaser starts by agreeing to a fixed term, during which they make regular payments. At the end of the term, they buy the equipment outright for a $1 buyout. In this type of lease, there is no return option. Payments for this equipment traditionally come from the buyer's capital budget.
Operating leases - Like a capital lease, operating leases start with an established payment term, which the customer pays for out of their operating budget. At the end of the lease, they can choose to purchase the equipment at fair market value, return the equipment or renew the lease.
Equity rentals - An equity rental is closer to a traditional renting agreement. The customer signs on to rent new equipment directly from the manufacturer and pays using their operating budget. At the end of the initial term, the customer can choose to continue renting the equipment — however, since it is now “used," the payments are 50% lower and go toward the purchase price.
Is leasing the right option for your facility?
If your facility lacks the capital to purchase medical equipment, leasing is likely the best option. With several different options to suit your needs, Med One can provide a solution that is totally customized to your needs, including deferred payments and step-up payment plans. All options are totally customizable! If you are still deciding compare our leasing and rental solutions.