A flexible way of financing an asset acquisition, in which the customer spreads the cost of purchasing the asset across the agreement period and has an option to own the asset at the end of the term.
- Spread the cost of purchase over time
- Ownership at the end of term for a nominal fee
- Benefit from fixed payments
- May benefit from flexible deposits
A cost-effective alternative to cash or bank facility. We buy the equipment and retain ownership; the customer has use of the equipment by paying over an agreed period and returns it at the end of the term.
- No up-front cost
- Minimal cash flow impact
- Potential tax advantages
Operating lease (lease with residual value)
At the start of the lease, the equipment's residual value is forecast, the customer then pays a fixed payment over the contract term for use of the equipment and returns it at the end.
- Assumption of resale value means lower rentals, making cash flow easier to manage
- SFS bears residual value risk
- Flexibility at the end of the lease term
A facility to provide you with the ability to support new investment, when Leasing or Hire Purchase may not be appropriate.
- Asset ownership by customer
- No further obligation when the loan is paid off
- Retains working capital
Budget Assist - NHS Funding
Siemens Healthineers is committed to supporting healthcare providers in transforming care delivery, expanding precision medicine, digitalising healthcare and enhancing patient experiences.
Cost savings can be a welcome product of these changes; however, we know that the upfront cost of upgrading or replacing diagnostic imaging equipment can make it challenging for Trusts to enhance pathways and improve patient care without additional support.
Siemens Financial Services is able to provide assistance for equipment acquisition through its Budget Assist funding for both diagnostic imaging equipment and the associated equipment needed to support clinical workflow and enhanced productivity (i.e. workstations, enhanced PACS and RIS).
In addition, Budget Assist can also be used for funding ancillary costs associated with the acquisition of equipment, including enabling and building works.
Whether about to embark on a significant project or simply looking to upgrade important medical equipment, Budget Assist offers a financial solution specifically designed to support cash flow management within NHS Trusts.
Why choose Budget Assist - NHS Funding?
Developed by Siemens Healthineers with the needs of the NHS in mind, Budget Assist is simple to arrange and offers a great alternative to capital budget allocation, upfront payment or bank funding.
Budget Assist offers a fixed interest rate to help you simplify your budget management and is perfectly suited to fund building and installation costs, software, and other intangibles.
For further information please contact Siemens Financial Services on 01753 434555 where our healthcare financing team are on hand to offer advice as to the most suitable finance option for you.