North America Leasing Medical Lease Program
Whether you are a family physician or a dentist the tax benefits of leasing make financial sense. By putting the equipment on a lease the Government will indirectly help you pay for that equipment. This because the monthly lease rental is an operating expense for tax purposes, a tax write-off! By putting the new equipment on a short lease you can realize the full tax benefit of the lease in as short a time as one or two years.
Hospitals have Capital Budgets and Operating Budgets. Capital Budgets are for purchases and can get quickly depleted, well before all the required equipment is purchased. Lease rentals are paid through the Operating Budget and not the Capital Budget. The lease advantage is that when the Capital Budget is depleted there may still be room in the Operating Budget to acquire the equipment through a lease.