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Vector Finance CEREC Case Study - An illustration of how to rent CEREC and grow your practice
Sarah Pilbrow • Nov 23, 2021
Case Study for Cerec PrimeScan + PrimeMill Rental
A prominent dental practice in south east England have purchased a CEREC PrimeScan and PrimeMill, and have selected a five-year term. They have an interest in upgrading or expanding their equipment half way through the term. When the rental agreement started, their rental payment was £1,508.08 per month and scheduled to end on 31/12/2026.
After thirty months of using their CEREC product, they decided more equipment was required to help their practice grow. With this facility it allowed them to keep their monthly payments the same and spend up to £24,500.00 (exc. VAT) on new equipment. The term of the agreement was re-scheduled back to five-years.
The timeline of this process is shown in the below table:
| Term | Invoice Value (Ex VAT) | Monthly Rental (Ex VAT) | Start Date | End Date |
|---|---|---|---|---|
| 60 months | £82,725.00 | £1508.08 | 1/1/2021 | 31/12/2026 |
| Term Remaining | Spend available for new equipment (Ex VAT) | Monthly Rental (Ex VAT) | Rescheduled Start Date | Rescheduled End Date |
| 30 months | £24,500.00 | 1508.08 | 1/1/2024 | 31/12/2029 |
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