3 Tips For Purchasing Used Medical Equipment

Reading Time: 2 minutes

Finding the right medical equipment for your business isn’t always easy – and finding the right used medical equipment can be an even greater challenge.  Purchasing used equipment can be a smart economic choice for your business if you take some extra care throughout the purchasing process.

We’ve got some tips to help you find the right used medical equipment your practice needs at the right price.

  1. Know what you’re buying. Some used medical equipment could be several years old and very likely has seen a great deal of wear and tear.  Do some research to be sure the type or brand of equipment that you’re seeking has a long shelf life and will hold up for several more years in your practice.  Try to have as complete of a history on the equipment as possible so you’ll have an idea of who owned it and how often it was used.  It’s a good idea to set a baseline for the oldest you’d be willing to consider and stick with it – this could help you not only narrow down your search, but save you the aggravation of purchasing a severely outdated machine.
  2. Shop around. It’s just as, if not more, important to do your due diligence before purchasing used medical equipment.  Check out several equipment sellers, both locally and on the web.  EquipmentEngine.com and Ebay.com are some great places to start.  You may want to consider hiring an expert to help you scout out the perfect piece of equipment.  You’ll pay a premium or a small commission for their effort, but the time you’ll save could very well make it worth it.
  3. Ask about a warranty. Any piece of used equipment you purchase likely will not come with a factory warranty, but there’s still a chance that the seller will provide some sort of guarantee, even if it’s for a limited time like 30 or 90 days.  Be sure to ask what the seller will be willing to do for you should the equipment not perform as promised.

Once you find the perfect piece of used medical equipment, you’ll likely want to secure medical equipment financing to help ease the cash burden.  Be sure to check out Direct Capital’s equipment financing options.

Direct Capital is a leading nationwide provider of equipment leasing, business loans, and working capital.*

*Working capital not available in the following states: AK, DE, ND, VT