Medical Equipment Leasing FAQs

Why is leasing the best financing option for my business?
  • Conserve Capital - Most leases require little outlay of cash and allow working capital to be alloted for unexpected expenses.
  • Fixed Rates - Your payments stay fixed allowing for easy budget planning.
  • Tax Advantage - Leasing offers the possibility of tax deductions as operating expenses as opposed to depreciating capital cost allowances.
  • Credit Stability - Leasing preserves bank lines of credit for short-term borrowing and, in fact, broadens the total pool of available capital.
  • Improves the Debt/Equity Ratio - Many lease payments can be considered an operating expense in the current year. Therefore the entire indebtedness does not appear as a liability.
  • Simplifies Bookkeeping - Lease payments can be easily allocated to the proper departments. Leasing eliminates sizable depreciating schedules, capital account ledgers and other internal equipment controls.
  • Overcomes Budget Limitations - Leasing simplifies budgetary cost controls. Known equipment costs are an advantage in establishing departmental, divisional or subsidiary budgets.
What are the tax advantages of equipment leasing?
Lease payments are usually 100% tax deductible as a business expense. Please check with your tax accountant to determine your regional tax benefits.
What type of equipment can be leased from Petcard?
All equipment utilized in the veterinary services industry.
Is there a dollar value limit on the amount financed under an equipment lease?
Our minimum is $2,000 and our maximum is $500,000.
How are lease payments calculated?
Petcard uses term, implicit rate, purchase option and net equipment cost to calculate lease payments.
Is there a fee to apply?
There is no cost or obligation to apply.
How do I apply?
Simply fill out our online application or contact our leasing department at .
How long does it take to get an approval?
Petcard will notify you within one business day.