Morita
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Mehmi Financial Group helps businesses finance and lease Morita equipment, including medical equipment, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Morita units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About J. Morita
J. Morita traces its history to 1916, when Junichi Morita founded Morita Shika Shoten in Kyoto, Japan, according to Morita. It makes dental equipment including the Veraview line of panoramic and CBCT units, according to Dental04.
J. Morita equipment
Morita treatment units, handpieces and imaging systems are used by dental and specialist practices.
How lenders view this equipment
Medical and dental equipment is financed mainly on the practice or facility's cash flow. Lenders review the quote, installation, service and the financials.
Financing J. Morita equipment
Equipment is often financed as part of build-outs or operatory packages, with installation sometimes included.
How Morita equipment financing works
Most Morita purchases are financed with an equipment loan or a lease. A loan gives you ownership from day one, with the lender registering a security interest (PPSA in Canada, UCC in the USA). A lease keeps title with the lessor and can lower the monthly payment, with a buyout, renewal or return option at the end.
What lenders check on a Morita medical equipment
Lenders look at the practice or clinic financials, licensing, and the vendor or service agreement. Installation, software and training costs can sometimes be included, subject to lender approval.
Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and age, and financial statements or tax returns for larger amounts.
See the full list of eligible equipment, compare equipment financing options, or estimate payments with the equipment financing calculator.
All Morita models with financing pages
| Model | Type | Category |
|---|---|---|
| Morita | Equipment | Medical |
| Morita Veraview X800 CBCT | Equipment | Medical |
Tax treatment of Morita equipment
In Canada, the CCA class depends on the asset and how it is used. Your accountant can confirm the right class. With a loan, you generally claim capital cost allowance and deduct interest. With a true operating lease, lease payments are generally deductible instead. See the CRA classes of depreciable property. In the USA, Section 179 and bonus depreciation may apply; see IRS Publication 946. Always confirm with your accountant.
End-of-term options on a Morita lease
A $1 buyout lease is built for ownership: you keep the machine for a nominal amount at the end. A fair market value lease usually has a lower payment, and at the end you can buy the equipment at its market value, return it or upgrade. Read the return conditions, such as hour limits and wear standards, before you sign.
Who finances Morita equipment
Medical: medical and dental clinics, imaging centres, specialists, veterinary practices and multi-location health groups finance Morita equipment to take on new work, replace aging units or add capacity.
The right structure depends on how the equipment earns money. A machine tied to a long contract can support a longer term, while seasonal work may call for skip or seasonal payments that some lenders offer.
Questions to ask the dealer or seller before you finance
- What is the exact model year, serial number and age?
- Is there a service history or recent inspection report?
- Is any warranty or extended coverage included, and does it transfer?
- Are attachments, delivery, installation and taxes itemized on the quote?
- For a private sale, is the equipment free of liens, and who will provide the bill of sale?
Insurance on financed Morita equipment
Lenders and lessors require the equipment to be insured for its replacement or financed value, with the lender named as loss payee, before funding. Some also ask for liability coverage. Getting an insurance quote early avoids last-minute delays.
Frequently asked questions
Can I finance a Morita CBCT?
Yes. Lenders review the quote and practice cash flow.
When was Morita founded?
In 1916 in Kyoto, Japan.
Can treatment units be financed?
Yes, often in operatory packages.
Can installation be included?
Some lenders include installation.
Can a specialist practice finance Morita equipment?
Yes.
Can I finance used Morita equipment?
Some lenders will.
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