FINANCE OPPORTUNITIES FOR DENTAL PRACTITIONERS:

Financial Companies can arrange finance for almost any sort of equipment commonly encountered in a dental practice. This ranges from units and chairs to vehicles and practice computers, for values of £1,000 upwards.

TYPES OF FINANCE ARRANGEMENTS:

Financial Companies offers a wide range of financing arrangements, including:

• Lease Rental – where ownership of the equipment remains with Financial Companies.

• Lease Purchase – which gives the practitioner ownership of the asset at the end of the contract.

• Practice Loans

• Sale and leaseback – where, in certain circumstances, Financial Companies can buy recently purchased equipment direct from the practice and lease it back to them over a fixed term.

THE ADVANTAGES OF LEASING:

Leasing offers practices a number of advantages over other methods of acquiring equipment:

1.Increased Choice: Reduced Compromises

A lease arrangement can widen choices and make higher specification equipment or more sophisticated products more affordable through spreading the cost of the asset over a set period. This means that the emphasis is less on price and more on the product features and specification, ensuring that the equipment acquired best meets the needs of the practice and its patients.

2.The Ability to Upgrade

Under a lease arrangement, equipment can be upgraded at any time; thus practitioners can gain access to the most up-to-date technology as soon as it becomes available. This can prove a significant advantage to practices interested in improving patient care through acquisition of improved technology.

3.Conserved Capital: Better Patient Care

Leasing allows practices to conserve working capital, for use elsewhere in the practice, yet still acquire the equipment needed to provide high levels of patient care.

4.Total Packages

Service and maintenance arrangements can be incorporated into packages thus offering the convenience of a simple, single periodic payment, reducing the administration for the practice.

5.Finance Flexibility

A lease provides the ability to spread the costs of quality equipment as it is used. Lease costs can therefore be offset against the benefits resulting from using the equipment.

6.Supplier Schemes

Through special arrangements with equipment suppliers, Financial Companies can ensure that contracts are tailored to suit the equipment and the individual requirements of the practice. Payment periods can be adjusted and rental frequency can be monthly, quarterly, half yearly or annually.

PRACTICE COMPUTER LEASING

Whilst the diversity of equipment required by the dental profession continues to grow, IT leasing is currently proving a major area of interest within the Finance Division. Financial Companies works closely with IT suppliers and manufacturers to support their equipment, software and maintenance packages with appropriate finance facilities. This adds value to the service to the practitioner by making a more complete range of computerised equipment more affordable