UK Dentists: Collect your verifiable CPD for this episode here >>> https://courses.dentistswhoinvest.com/smart-money-members-club

———————————————————————
You can spend weeks choosing the “perfect” scanner, chair, or imaging kit, then accidentally overpay for it in the finance paperwork. We wanted to fix that gap. We’re joined by asset finance broker Gavin Kirkwood to break down equipment finance for dentists in plain English, from the first questions a lender asks to the decisions that quietly shape the total cost of borrowing.

We talk through what funders typically request (think recent business bank statements and filed accounts), why your business structure and trading history can open up better lenders, and how quickly a quote and approval can happen when the information is clean. We also get into the reality of broker versus direct deals: what a broker’s panel of funders actually changes, why disclosure matters, and how comparing the market helps you judge whether a “good” rate is genuinely good.

Then we zoom in on deal design. We cover typical fixed rate terms (often 24 to 60 months), how to think about cash flow versus paying down quickly, and why the asset itself affects pricing. If you’ve ever wondered why software can price differently to a recoverable piece of equipment, we explain the idea of hard, medium, and soft assets. We also touch on deposits, including when VAT upfront is common on hire purchase, and when a lease might allow lower or even zero deposit depending on profile.

———————————————————————
Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.

Send us Fan Mail