To lease or not to lease

Leasing has been around for a long time. There are reasons that make leasing an attractive option. It’s a way to have something you want without actually owning it. Leasing allows you to upgrade to an item or technology level that you thought was unaffordable.


It may come as a surprise to you that hearing aids can be leased. For some consumers it seems attractive to wear devices for 3 years and when the lease is up, step into the latest and best technology. Your payments are affordable and at the end of the lease, you get to start all over again with something new. For some, this is very desirable.

From the consumer side, leasing is an expensive proposition. The small payment made each month will cost much more than if the hearing aids were purchased outright. Money saved by paying for the hearing aids upfront could easily go towards the purchase of new hearing aids in the future.

There are so many advertising gimmicks to attract buyers. Keep in mind that ads with pricing that use the lowest possible amount is done with intent to catch the reader’s eye. Know what you are getting yourself into before you make a decision to lease over buying. Ask your provider about no interest payment plans. Consider all of the available options before you finalize the decision to purchase hearing aids.

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