MEDEQUIP have partnered together with investors to offer a CUSTOMER ORIENTATED FINANCE SOLUTION, tailored specifically for the Medical Profession.

Rental Option Benefits

• Monthly rentals of capital equipment are an affordable option allowing yourself the use of the equipment without any capital outlay.
• Ex Vat rentals are 100% tax deductible as an operating expense in your income statement which would then reduce your income tax obligations.
• Vat is claimed back monthly, and thus is not capitalized over the period.
• Capital financed is not placed on your balance sheet as a long term liability, thus return on asset ratios are improved. This would benefit yourself if you are looking at future financing of vehicles or property when a bank needs to assess your financial position.
• You have the option of upgrading the equipment before the end of the contract thereby providing the flexibility to change in line with modern technology.
• Should you wish to accelerate your repayments (because your practice is generating increased profits) you may do so by reducing the remaining period of the Rental agreement or monthly repayments. This is not possible with a Installment sale as SARS will only allow depreciation over a fixed period irrespective of the Instalment sale agreement period.

Basic documents required:

• Latest financial statements (with trial balance) we will liase with your accountant if needed.
• Assets and liabilities personal, questionnaire (we will complete if preferred).
• Cancelled practice letterhead and copy of members ID’s.
• 3 Months bank statements from the practice.