Rankin Biomedical Logo

14515 Mackey Rd.
Holly, MI 48442
248.826.2412
sales@rankinbiomed.com

Types of Financing

Fair Market Value – Lease for a Specific Time Period and Return

  • Provides the lowest possible monthly payment
  • May allow you to have off-balance sheet financing
  • Hedges you against equipment obsolescence

Loan to Purchase – $1 Buy Out – Conditional Sale

  • You own the equipment upon termination of lease
  • You have a fixed payment for more accurate budgeting
  • You can claim depreciation and interest deductions
  • Hedges you against volatile interest rates

Purchase Upon Termination – 10% or 20%

  • Allows you the choice to purchase or continue leasing on a month-to-month basis
  • You receive the benefits of ownership at a lower monthly payment
  • Alleviates cash flow strains compared to a fully amortized loan

Terms of Financing

  • 24 month, 36 month, 48 month, 60 month, ask for other options