There are many common financial transactions or loans that most Americans apply for and receive throughout our lives. The two most common financial transactions are vehicles (cars, vans, boats, motorhomes, etc.) and residential housing. As these are the two most common large financial transactions that most consumers are familiar with, we typically assume that the financial structure, banks that provide the loans, and payment arrangements are the same for every financial transaction. While that may be true in terms of down payments, credit scores, principal, and interest rates, not every loan is the same. When getting a loan for an aesthetic device, it's important to remember that all loans are not created or structured the same.
Because many consumers have a misconception that all loans are the same, they're more prone to making a mistake when purchasing a new or pre-owned tattoo removal laser or aesthetic device. To simplify financing and buying a new aesthetic laser, we put together some information on common mistakes people make when investing in capital equipment like aesthetic lasers.