Open Menu For over four decades, Leasing Associates of Barrington (LAB) has been leading the way as the industry’s preeminent independent medical equipment lessor. ABOUT LAB We can help you navigate a constantly changing landscape. With many lease contracts, you may need a roadmap and even a dictionary in “lease speak” to navigate the lease process. For optimal efficiency and lease execution, we provide direction customized to your needs from start to finish, all encapsulated in our simple 2-page lease. Traditional leasing programs can leave you feeling overwhelmed by stipulating rigid terms and unresponsiveness in the approval process. LAB routinely provides credit approval within 24 hours. Everything LAB does is designed specifically to streamline and expedite the lease process. We still believe the best way to work with our customers is hands-on. Call us and you will get a real person. At LAB, what you see is what you get. We answer questions directly to provide clarity and never relegate you to voicemail and unanswered inquiries. With all you have on your to-do-list, LAB can make it easy for you to make the best-informed decisions. BENEFITS OF LEASING Leasing vs Cash or Banking Obsolescence…If the technology of the equipment advances, and you expect to upgrade (i.e. return) the equipment in 3 or 5 years, you may be better off by leasing the equipment and returning it when the term expires. Pay for the use of the equipment, not the ownership. Useful Life: Some equipment simply wears out in 5 years’ time, in which case higher service/maintenance costs and increased downtime can quickly offset any value of equipment ownership. Cash and Bank Loans have a price…Assuming competitive lease rates are available, would you not be better off investing that cash on capital improvements and utilizing bank lines for new programs or services which can provide a higher rate of return than the cost of the lease? FASB Operating Lease Let LAB assist with navigating the often-complicated FASB (Financial Accounting Standards Board) guidelines to allow a low monthly payment while accounting for the lease accurately and meeting FASB 13 requirements. Direction is way more important than promises and buzz words. Our knowledgeable staff is here to help guide you and offer lease terminology you can understand. CLICK HERE TO MEET OUR PEOPLE. LABARRINGTON 220 North River Street East Dundee, IL 847.428.8550