MRI (Magnetic Resonance Imaging) machines have become a cornerstone of modern diagnostic imaging. These powerful systems provide high-resolution, non-invasive scans that help physicians detect a wide range of conditions, from neurological disorders to musculoskeletal injuries. However, their high cost can be a barrier for many healthcare providers.
At Mehmi Financial Group in Brampton, Ontario, we offer healthcare facilities across the Greater Toronto Area (GTA) and throughout Canada access to competitive financing and leasing options for MRI equipment—so you can upgrade your technology without compromising your capital.
What Is the Cost of an MRI Machine?
MRI machines are among the most significant investments in the healthcare space. Prices can vary based on the model, strength of the magnetic field (measured in Tesla), manufacturer, and advanced features.
Entry-Level MRI Systems
- Cost range: $225,000 to $350,000
- Best for: Outpatient clinics, startups, or facilities needing basic functionality
High-End MRI Equipment
- Cost range: $400,000 to over $1 million
- Best for: Hospitals, research centers, and practices requiring advanced imaging, AI software, or higher resolution
Note: These prices do not include ongoing expenses such as installation, shielding, maintenance contracts, software updates, and training.
Factors That Influence MRI Equipment Pricing
- Magnetic field strength (1.5T vs. 3T or more)
- Patient bore size (open vs. closed MRI systems)
- Brand and service availability
- Software capabilities (cardiac, neurological, orthopedic modules)
- Warranty and included accessories
Understanding these components helps you make a more informed financial decision when selecting equipment.
MRI Machine Financing with Mehmi Financial Group
We offer medical equipment financing tailored specifically for healthcare providers across Brampton, Mississauga, Toronto, Vaughan, and nationwide.
What We Provide:
- Flexible loan terms and leasing plans
- Fast approvals (typically 2–5 business days)
- Competitive interest rates customized to your profile
- Support for both new and refurbished equipment
- Access to trusted equipment vendors and service providers
We don’t just offer funding—we guide you from application to acquisition.
Frequently Asked Questions: MRI Machine Cost & Financing
- What is the average cost of an MRI machine?
MRI machines typically range from $225,000 to over $1 million depending on features, size, and brand. - What factors influence the cost of an MRI machine?
Magnetic strength, image resolution, brand, software modules, and installation needs all impact pricing. - Does Mehmi Financial Group offer financing for MRI machines?
Yes. We finance both new and used MRI systems for hospitals, imaging centers, and private clinics. - Can I finance a refurbished MRI machine?
Absolutely. Refurbished MRI units can significantly reduce your upfront costs, and we can help finance them with competitive terms. - Are there maintenance costs involved?
Yes. MRI machines typically require annual maintenance contracts. We can help structure financing that includes service agreements. - How long does approval take?
Most applications are approved in 2–5 business days, assuming documentation is complete. - What are the benefits of financing an MRI machine?
You can preserve cash flow, get immediate access to technology, and spread costs over predictable monthly payments. - How can I apply for MRI machine financing?
Start by submitting an online application or calling our Brampton office to speak with a medical finance advisor. - Can I lease an MRI machine?
Yes. Leasing gives you access to updated technology with lower initial investment and flexible upgrade options. - Are there any upfront costs?
Some plans may require a down payment, but we offer no-money-down options for eligible applicants.
Looking to finance or lease an MRI system in Canada? Contact Mehmi Financial Group today for expert guidance and fast access to diagnostic imaging equipment.
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