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Renting vs owning a sonar machine. What are advantages and disadvantages?

Writer's picture: lepeke mogashoalepeke mogashoa

When you start your medical practice, you are faced with many challenges plus limited resources. Buying sonar is one of the most important decisions to make.

Should you buy or rent?



Which option is best for you?

The best option for you will depend on your specific needs and circumstances. If you are on a tight budget or need flexibility to upgrade to a newer machine more easily, renting may be a better option. If you have the financial resources and want to be able to choose the exact machine you want and have access to the latest software updates, owning may be a better option.

What are advantages and disadvantages of buying or renting?

Renting an ultrasound machine

Advantages:


  • Lower upfront cost.

  • No need to worry about maintenance or repairs.

  • Flexibility to upgrade to a newer machine more easily.

  • Tax-deductible as an operating expense

Disadvantages:

  • Higher monthly payments than owning.

  • Long-term contracts may be difficult to get out of.

  • May not be able to choose the exact machine you want.

  • May not have access to the latest software updates


Owning an ultrasound machine

Advantages:

  • No monthly payments.

  • Ability to choose the exact machine you want.

  • Access to the latest software updates

  • Can be resold at the end of its useful life.

Disadvantages:

  • High upfront cost

  • Need to worry about maintenance and repairs.

  • May not be able to deduct the cost of the machine as an operating expenseCheck out www.lepekemedical.com


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