Financing Options - Get the equipment you need now!
Flexible Financing Solutions Tailored for You
At Vetel, we understand the importance of flexibility when investing in your practice. That’s why we’ve partnered with leading financing providers to offer a variety of options that fit your needs. Choose from our traditional financing programs or take advantage of our popular First-Year Free option: enjoy no payments for the first year, with financing terms available for up to 60 months after that. Whatever your goals, we’re here to help you achieve them with flexible and manageable solutions.
Does Vetel offer financing?
Yes. We offer financing through several finance sources.
This is my first equipment purchase. Can I finance?
Our finance sources are able to accommodate most credit profiles. Most lease credit applications are approved in two hours or less.
What are the benefits of leasing?
Leasing provides the flexibility to conserve your cash and preserve your line of credit. Leasing can provide you with 100% financing which also helps conserve your capital. Leasing can also provide you with flexibility in payment structure allowing a piece of equipment or technology to become fully operational before you have to start making payments.
Should I borrow from my bank or lease?
Banking and leasing are different types of financing. Banks loans are generally secured while leasing companies do not have any security other than the equipment.
Bank Loan – Reduces your existing lines of credit and your ability to borrow monies in the future. May require additional collateral or down payment. Must appear as a debt on your balance sheet. You bear all the risk of equipment devaluation because of new technology.
Leases - Requires no down payment and finances only the value of the equipment expected to be depleted during the lease. The leased equipment is usually all that is needed to secure a lease transaction. Requires a lease payment at the beginning of the first payment period which is usually much lower than a down payment. Depending on the lease structure, the end user may claim the entire lease payment as a tax deductions. Leases assets are expensed when the lease is an operating lease so such assets do not appear on the balance sheet.
Are their different financing programs are available?
Yes. We offer a few different financing programs through our sources. There are great rates available on traditional leases where the first payment is due 30 after the lease commences. We also offer three special programs.
1. First year free financing - The end uses has no finance expense in the first 12 months of the lease. This program is available for purchases or bundles financed over $10,000. This program allows the purchaser to use the equipment for and entire year before making their first payment.
2. 6-6-5 Program - In this program the end user has six payments of $0.00, followed by six payments of $99, then a traditional 5 year lease. This program is available for purchases over $10,000.00.
3. 90 Days Deferred Program - The end user has 90 days before the first payment is due.
I don't have the best credit rating. Can I still get financing?
Through our variety of finance sources, we are able to accommodate most credit profiles.