Specialist
Dental Chair Finance & Leasing
Funding Solutions for Dental Practice Owners
Funding Solutions for Dental Practice Owners
Dental chair finance & leasing is a type of equipment financing that allows dental practices to acquire new or used dental chairs without paying the full upfront cost. Dental chairs are essential for providing quality dental care to patients, but they can also be very expensive, ranging from £5,000 to £30,000 or more depending on the features and specifications. Dental chair finance & leasing can help dental practices to spread the cost of purchasing dental chairs over a period of time, typically from 12 to 60 months, and enjoy the benefits of using the latest technology without compromising their cash flow.
There are two main types of finance available for dental chair finance & leasing: hire purchase and leasing. Both options have their own advantages and disadvantages, depending on the needs and preferences of the dental practice.
Hire purchase is a type of finance that allows the dental practice to buy the dental chair outright at the end of the agreement. The dental practice pays a deposit, usually 10% to 20% of the total cost, and then makes monthly instalments until the full amount is paid off. The dental practice owns the dental chair from the start of the agreement, but the finance company has a legal right to repossess it if the payments are not made on time. The dental practice can also claim capital allowances on the dental chair, which can reduce their tax liability.
Leasing is a type of finance that allows the dental practice to use the dental chair for a fixed period of time, usually from 12 to 60 months, in exchange for a monthly rental fee. The dental practice does not own the dental chair, but has the option to buy it at the end of the agreement for a nominal fee, extend the lease, or return it to the finance company. The dental practice can also upgrade or replace the dental chair during the lease term, subject to the finance company’s approval. The dental practice can deduct the rental payments from their taxable income, which can lower their tax bill.
The process of applying for dental chair finance & leasing is similar to applying for any other type of equipment financing. The dental practice needs to find a suitable dental chair that meets their requirements and budget, and then contact a finance broker, such as Clifton Private Finance, to arrange the best type of finance for their situation. The finance broker will compare rates from multiple lenders across their network and negotiate the best deal for the dental practice. The finance broker will also guide the dental practice through the application process and chase through their application until the asset is in their hands.
Dental chair finance & leasing can offer several benefits to dental practices, such as:
Are there any drawbacks?
Dental chair finance & leasing can also have some drawbacks, such as:
The amount that you can borrow for dental chair finance & leasing depends on several factors, such as the cost and type of the dental chair, your credit history and rating, your income and cash flow, and the finance option that you choose. Generally, you can borrow up to 100% of the cost of the dental chair, but you may need to pay a deposit or provide a personal guarantee.
The approval time for dental chair finance & leasing varies depending on the finance company, the finance option, and the complexity of your application. Typically, it can take from a few hours to a few days to get approved, but it may take longer if you have a poor credit history or need a large amount of finance.
The eligibility criteria for dental chair finance & leasing are similar to those for any other type of equipment financing. You need to be a UK resident, aged 18 or over, and have a valid bank account. You also need to have a good credit history and rating, a stable income and cash flow, and a viable business plan. You may also need to provide proof of identity, address, income, and business ownership.
In need of dental chair finance & leasing?
We can help you:
And when we’ve established the best type of finance for you, we will:
I approached Clifton Private Finance to help me get a mortgage as an Expat working in the Far East. I would normally 'cut out the middle man' on something like this and try to get myself a deal directly with the banks, but I am now sold on the broker concept and wouldn't hesitate to use Clifton Private Finance again. There were a number of complicating factors such as being an expat, the stamp duty holiday, the sheer amount I wanted to borrow and the fact I wanted it all wrapped up before the Stamp Duty holiday ended. It is clear to me now that the relationship that brokers have managed to foster with their banks means they can simply pull levers and make stuff happen that us ordinary folk cannot. Put simply, they are worth every penny, will take most of the stress out of the lending process, and seem to have access to deals that you just won't find on the internet. Thank you George and Jan for all your hard work!
James M
Luther was excellent. Very clear in his advice and explanations of products and was able to move things on very quickly when we ran into difficulties with the estate agents. Without a doubt I would recommend Luther to all friends, family and colleagues. Luther was a joy to deal with and took a lot of the stress out of a troublesome transaction, from my end. I would view Luther as real asset to Clifton Private Finance Ltd.
William W
The team at Clifton Private Finance has been outstanding, not only in helping me to obtain a mortgage on a slightly unusual home, but also in continuing to provide support and liaise with the lender and solicitors through to completion. Thank you for making the process of buying my first home much easier.
Chantelle S
Sam O'Neill, and the new lender he identified for me, worked tirelessly together using my time constraints, to make sure my mortgage application was completed on time. They are a brilliant company to work with, fast, efficient, open and transparent from the very beginning, and turned a seemingly impossible situation into a viable one. Sam was brilliant throughout the whole process and I would highly recommend him, and his colleague Helen, to anyone without hesitation, I cannot speak highly enough about them.
Myr B
I was incredibly lucky to find Clifton Private Finance after a search on line as their service has been more than exemplary. My point of contact was Sam 0’Neill and he was happy to help at every stage during the application of the bridging loan, making a stressful process much easier to deal with. He was always available by phone or email and gave prompt answers to queries I had as well as always getting back to me when he said he would. That to me is excellent customer service and I cannot thank him personally or the company enough for the support they have given me.
C Jefferey
Adam cannot thank you enough for all your support throughout this arrangement. You have gone more than the extra mile to support us. Without you we would not have got our dream retirement home. You have been most professional and personable. Liz and I would be more than happy if you wanted to use us a reference with respect to any future clients.
Nigel & Liz K - Bristol
You have certainly shown me that you do everything for your clients, including tolerating their excessive emails and questions for updates. I have been kept in the loop, from yourself, about why the delays were occurring (Nationwide, post etc) which I would like to highlight that I really appreciated. I certainly will be able to recommend you to others as and when the need arises.
Mr Morris
I recently contacted Clifton Private Finance after a Google search for bridging finance providers and was immediately struck by their efficiency and support. Forms were emailed over almost immediately and the necessary finance was arranged within a few days. None of the other companies I contacted came close to their professionalism, and the quote that I eventually received was impressive. Thank you Adam, your help has enabled us to reserve the house that we wanted and I certainly recommend you to others.
Mr M. R. - Oxford
Absolutely brilliant. The service was first class, got everything sorted efficiently and were always friendly. Any fees were negligible compared to the service offered. Robert was particularly outstanding.
Charles N
My advisor, Robert, was very helpful in finding the mortgage to suit me. He kept me up to date throughout the process and dealt with any issues when they arose.
Rowena C
