A loan or lease tied to the item it pays for. The examples: a one-dollar buyout lease, a fair market value lease, a van loan with money down, title during a loan, an exam-chair lease and a refurbished X-ray unit. Partners set any terms.
At a glance
- Pays for
Exam chairs, imaging units, therapy equipment, delivery vans
- Structures
Equipment loan, one-dollar buyout lease, fair market value lease
- Example terms on this page
24 to 60 months, all invented
A lease that ends in ownership for one dollar: a shockwave therapy unit at a Shelby County, TN chiropractic office
In a one-dollar buyout lease, the practice makes a fixed monthly payment for the whole term and then takes ownership of the equipment for one dollar. The monthly figure is priced from the equipment cost, a rate and the number of months, much as a loan payment is.
Illustration only, invented figures: a Shelby County, TN chiropractic office leases a $27,600 shockwave therapy unit for 36 months, with payments priced at an 11.35% annual rate in this invented example. The invented payment is $908.17; the 36 invented payments come to $32,694.12, and with the one-dollar buyout the invented total is $32,695.12.
Chiropractors are counted under offices of other health practitioners (NAICS 6213); Shelby County, TN had 337 of those offices in 2023, and 52.8% of them ran with under five employees, per County Business Patterns.
Handing the tables back at the end: a fair market value lease on traction tables in Collierville, TN
A fair market value lease charges a monthly payment for the term and then offers a choice: hand the equipment back, renew the lease, or buy it at its appraised value at that point. The monthly payment can come in below a loan payment, since the leasing company expects the item to keep some value.
Illustration only, invented figures: a Collierville, TN therapy office leases two traction tables priced at $14,900 for 36 months at $412 a month, $14,832 in invented payments. If the office then buys the tables at an invented appraised price of $2,100, its invented total is $16,932; if it hands them back, the invented total stays at $14,832.
This kind of lease fits equipment the office expects to replace with a newer model when the term ends.
A delivery van for a Collierville, TN bakery, from the dealer quote to the last payment
Financing a vehicle works much like financing a machine. The dealer quotes a price, the business may put money down, a funding partner finances the rest, and the van secures the loan until the last payment.
- Get a written quote from the dealer for the van and any shelving or racks fitted to it.
- Call Baydale with the price, the down payment planned and the term in mind.
- The bakery’s funding request then goes to a funding partner, which may want to see recent bank statements or a tax return.
- Any offer sets the rate, the term, any fees and the lien on the van’s title.
- After signing, the partner pays the dealer and the bakery takes delivery.
Illustration only, invented figures: a Collierville, TN bakery buys a $48,700 delivery van with $4,870 down and finances the other $43,830 over 60 months at a 10.85% annual rate. The invented payment is $949.69; with the down payment, the invented cost of the van comes to $61,851.40.
To rerun this invented van case, enter its price, down payment, rate and months in the calculator here; it returns the monthly payment, the total interest and the cost including money down.
Who holds title to the rehab bikes while payments run? A Collierville, TN therapy office loan
With an equipment loan, the therapy office takes the bikes and the funding partner may record a lien on them until the last payment. With a lease, the leasing company keeps ownership for the term.
Illustration only, invented figures: a Collierville, TN therapy office finances four rehab bikes for $9,600 over 24 months at a 12.2% annual rate; the invented payment is $452.80 and the invented total $10,867.20. Once the 24th invented payment clears, the office can ask the funding partner to release the lien.
How the bikes or the loan appear in the office’s books is a question for its accountant, not for a funding partner.
Monthly payments, a purchase option and the end of the term: exam chairs leased by a Shelby County, TN physician office
An equipment lease has three parts to read: the monthly payment, the number of months and what happens at the end, which may be a purchase option, a renewal or a return.
Illustration only, invented figures: a Shelby County, TN physician office leases four exam chairs at $5,450 each, $21,800 in all, for 36 months at $718 a month. The 36 invented payments come to $25,848; with an invented 10% purchase option of $2,180 at the end, the invented total is $28,028.
- Whether the payment covers delivery or maintenance
- Whether the lease can end early, and what ending it costs
- Who insures the chairs during the term
- What condition the chairs must be in if they go back
In 2023 County Business Patterns, Shelby County, TN offices of physicians numbered 575 and employed 11,795 people.
Pre-owned and refurbished: a used panoramic X-ray for a Collierville, TN dental office on a shorter term
A business can ask to finance pre-owned or refurbished equipment. A funding partner may set a shorter term or ask about the unit’s age and service history, since a used unit has fewer working years left.
Illustration only, invented figures: a Collierville, TN dental office finances a refurbished panoramic X-ray unit for $31,400 over 36 months at an 11.75% annual rate. That invented unit costs $1,039.18 a month, and by the last of the 36 invented months the office has paid $37,410.48.
Electrical work, shielding and any room changes for an X-ray unit are property work outside what this site arranges. The same goes for the plumbing and cabinetry of a second operatory, while its chair, delivery unit and light are equipment.
Shelby County, TN had 309 offices of dentists with paid staff in 2023, per County Business Patterns (NAICS 6212).
Blog articles take equipment into other trades: dental handpieces and sedation monitors, a soft-serve machine lease set beside a loan, a stump grinder and a wood chipper, meeting-room projectors for a hotel and a procedure-room order split year by year.
By Baydale Funding Group · Updated
