The Pros and Cons of Leasing vs Purchasing Medical Equipment

In the constantly changing world of healthcare, medical equipment plays an important role in the diagnosis, treatment, and management of patient care. If you’re a healthcare professional or a buyer that’s interested in leasing medical equipment, you might be facing the dilemma of whether you should purchase the equipment outright, or go ahead with leasing it. 

For many organizations, leasing medical equipment is a wise choice due to the flexibility it offers, cost-effectiveness, and ability to stay up-to-date with the latest technology. Purchasing medical equipment can provide long-term savings, more ownership over maintenance, and more control over your equipment. 

In this article, we’ll talk about leasing vs purchasing medical equipment, medical equipment financing, and provide you with advice to help you make a more informed decision.

Benefits of Leasing Medical Equipment

Healthcare professionals and consumers have two choices when it comes to acquiring medical equipment: leasing or purchasing. There are a variety of benefits of leasing vs buying medical equipment.

Lower Upfront Costs

One of the main advantages of leasing medical equipment is that it has far lower upfront expenses than purchasing outright. When you lease medical equipment, you’re only responsible for putting a small deposit or down payment on the equipment. You’ll then pay monthly installments throughout the lease term. As a result, it’s easier for healthcare professionals to get the equipment they want without using up all of their cash or financial resources.

Latest Equipment

Leasing medical equipment gives you access to the newest, most cutting-edge technology. When you lease, you won’t have to be concerned about the equipment becoming old or obsolete since you can quickly update or replace it at the expiration of the lease period. This is especially useful in the healthcare sector, where new tools and technology are continually being developed.


Another benefit of leasing medical equipment is that the business that offers the lease often covers the expense of the equipment’s upkeep and repairs. Because maintenance and repairs can be expensive and time-consuming, this means that healthcare providers and consumers don’t have to worry about unforeseen expenditures.

Tax Benefits

Leasing medical equipment also comes with tax benefits because monthly lease payments are a business expense that is tax deductible. This can relieve the financial burden of the equipment and provide an incentive to lease instead of purchase.


Compared to purchasing, leasing medical equipment offers more freedom. Buyers and healthcare professionals can choose the lease term that best suits their needs, whether it’s short- or long-term. Additionally, they can pick the equipment they need without worrying about long-term commitments, which is particularly helpful for healthcare professionals who might not require certain equipment for longer periods of time.

Leasing vs Purchasing Medical Equipment: Key Considerations

If you’re looking for leasing medical equipment advice, there are some key considerations to keep in mind.

Financial considerations: When deciding between leasing vs purchasing medical equipment, the financial impact is usually the largest consideration. While leasing can provide predictable monthly payments and lower upfront costs, it also may require credit checks and result in higher overall costs once the lease term is finished and it comes time to renew. With purchasing, the initial upfront cost is hefty, but the savings, in the long run, can be beneficial. Companies and healthcare providers will need to decide if they require medical equipment financing for their purchases.

Equipment needs: Another thing to take into account is the equipment needs. Both purchasers and healthcare professionals need to think about the overall lifespan and usage of the medical equipment they’re interested in. With leasing, you don’t have to worry about equipment becoming obsolete, but with purchasing, you have more control over the customization of the equipment to fit your specific needs.

Tax implications: Companies who purchase medical equipment can benefit from tax deductions. Both healthcare professionals and purchasers should consult with a tax professional before deciding which option to go with. 

Future growth plans: Future growth plans should also be taken into account when deciding to lease or purchase medical equipment. Leasing can provide you more freedom to get more equipment when you need it, while purchasing has higher upfront expenses and can hinder your future growth.

Advantages of Purchasing Medical Equipment

Purchasing medical equipment has a number of advantages for buyers and healthcare professionals. 

Long-term cost savings: Compared to leasing, buying medical equipment outright can result in long-term cost benefits. Although purchasing might require a bigger initial investment, it eliminates the requirement for continuous lease payments and interest charges. In the long run, this may save a lot of money, especially for regularly used equipment.

Customization: When purchasing medical equipment, you have complete ownership of the equipment. That means you can modify it to suit your exact situation and requirements. With leasing medical equipment, you’re dealing more restrictions and even penalties if you try modifying your equipment.

Equity: Investing in medical equipment can also result in equity, which can be used as security for loans or future funding. This can assist purchasers and healthcare professionals in obtaining future funding for new equipment or other company requirements.

Better patient care: Buying medical equipment is an investment in the company. It can help the company grow and expand in the long run, while providing stability, predictability, and more informed decisions.

Advice on Leasing Medical Equipment

Deciding on whether to lease or purchase medical equipment can be a daunting task for those who aren’t sure what to expect. Before making the final decision, consider some of the following things.

Research and compare lease options: While there is a variety of leasing medical equipment advantages, you should always ensure to do your research into various lease options available to you. Doing a little lease shopping will help you find the most attractive deal and identify any risks related to the lease terms.

Understand the lease agreement: Healthcare professionals and purchasers may not be mindful of the complex structure of lease agreements and their numerous legal and financial conditions. It’s very important to read and understand all of the lease agreement’s terms and conditions, including the lease’s duration, renewal options, fees, penalties, and insurance requirements.

Figure out your equipment needs: Even before looking into leasing equipment, you should determine what type of equipment you need for what purpose. Be aware of things like how often the equipment will be used and the lifespan of the equipment.

Look at the costs: When leasing medical equipment, it’s important to factor in all associated costs, such as monthly payments and other fees. This can assist purchasers and healthcare professionals in determining if the lease is financially feasible and whether it is more affordable than purchasing the equipment outright. 

Medical Equipment Financing Options

Medical equipment financing can be a challenge for many healthcare facilities, but at, we specialize in helping you find the best financing options for your unique situation.

One option we provide is the Rosie® SmartPlan, a unique contract strategy that enables you to spend less on monthly disposable supplies so that you can lease the technology you need while staying within the limits of your budget. With this option, you can upgrade your facility with cutting-edge medical technology, save money on diabetic supplies, work within your monthly operations budget, and take advantage of our equipment maintenance and replacement programs.

If you prefer to purchase your medical equipment, we also offer highly competitive pricing on the industry’s most sought-after equipment. We even provide opportunities for discounts on the purchase of multiple units, and we offer a 3-5 year warranty package (depending on the equipment chosen) with technical support included. With RosieSupport, we guarantee to promptly address and resolve all your concerns. Whether it’s troubleshooting to find a solution or shipping a replacement, we’ll get it done within one business day.

Final Thoughts

After weighing the pros and cons of leasing vs purchasing medical equipment, it’s clear that each option has its benefits and drawbacks. It ultimately comes down to the unique needs and circumstances of the facility and the equipment in question.

For people that prioritize the latest technology and require regular updates, leasing might be the best option. On the other hand, those who need equipment for the long-term or have the resources to make an upfront purchase may benefit more from purchasing.

At, we understand the challenges that healthcare professionals and facilities face when it comes to acquiring and maintaining medical equipment. That’s why we offer both leasing and purchasing options, as well as a range of financing plans to fit your budget. Our team of sales representatives is specially trained to help you find the best solution for your needs, with one goal in mind–improving your ability to provide quality care efficiently and affordably. Contact us today to learn more about how we can help you with your medical equipment needs.

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