Not a finance expert? You don’t have to be. That’s why we’re here.
With all the options available, we know that it can be hard to know what’s best for your business. Eclipx Commercial has helped many healthcare businesses like yours manage their finances and cash flow through smart financing – your dedicated industry specialist will help you sort through the jargon and help you structure your lease in a way that’s most beneficial to your business.
Leasing provides the benefit of breaking down a large upfront cost into smaller monthly payments, which helps keep your healthcare equipment affordable. If the equipment in question has a relatively short life cycle (less than 10 years), it may not be worth burning cash on a depreciating asset. Instead, save your capital for other areas of your business that need it more.
Even once you have made the decision to lease, there are more decisions about the structure to be made. Some leases are structured so that you own the equipment at the end of the lease period, whereas others are in essence a rental contract where you return and/or upgrade equipment at the end. Some of these may include maintenance of the equipment as well. The structure which suits you will depend on the type of equipment you use – Eclipx Commercial can help work through your options.
Eclipx Commercial can structure your lease to minimise your monthly payments through the term, with the residual held on our balance sheet and not yours. You then have the option to return the equipment at the end of your lease without worrying about having to sell it off. The last thing you need is to find yourself stuck with an out-of-date machine that you owe money on (in the form of a residual payment) but can’t sell.
Ideally, the term of your finance should match the useful life of your equipment. Eclipx Commercial industry specialists are familiar with many types of medical equipment, and can help you structure a lease accordingly.
Some equipment is delicate and may need repairs regularly. These repairs can be expensive – but they can be priced into your lease payments by Eclipx, so that you simply return your equipment to the manufacturer for repair when needed, at no extra cost.
If the answer is yes, or you’re not completely sure, your finance arrangement should allow flexibility at the end of term. Eclipx Commercial’s finance programs for healthcare equipment allow you to decide at the end of your term if you’d like to keep it, or upgrade it for a newer model.
As a specialist business equipment finance company, Eclipx Commercial arranges finance solutions for businesses of all sizes, Australia-wide. We’re backed by ASX-listed Eclipx Group, one of Australia’s leading diversified financial services organisations.
Healthcare businesses need highly sophisticated equipment that often needs to be updated, and that requires frequent and specialist maintenance. Having a maintenance agreement with the equipment provider rolled into your financing can make all the difference. This is why is it so important to partner with an asset finance provider which understands your business – and can help you choose the structure and terms which will best suit your needs.
Eclipx Commercial has helped many healthcare businesses like yours finance assets, from bariatric bedding to EMG machines, structuring leases to match their useful life cycles, and keeping cash flow in check.
Business is hard enough at the best of times, but to come across a business partner that truly understands what you are trying to achieve is a breath of fresh air.
My business partners and I would have no hesitation in recommending the Eclipx Group to any of our associates as our experience to date has been exceptional, they are a truly professional organisation
Paul Ryan, Director,
Find out how Eclipx Commercial's industry knowledge, unparalleled access to a secondary market and flexible lease terms allowed Campsie Day Surgery to finance, maintain, repair and upgrade complex medical equipment in a truly cost-effective way.