To Lease, Finance or Buy?

March 23, 2017 Diane Hageman

 

When looking for test equipment one must consider all options. Most companies go for the obvious, which is purchasing. But is this always the right solution for you?

There are countless opportunities when looking for test equipment. At Electro Rent we specialise in offering multiple financial options that fits your budget and financial requirements.

We look at the project objectives, consider the duration, the usage of the equipment, the budget and of course the aspiring technical goals of the project.

By asking a few key questions our professionals can give you a tailored approach to acquire at the best financial arrangements possible.

Based on the answers we can stir you into the right direction.

  1. How long are you planning to use the equipment for?

When you are planning to use the equipment for a short term it’s cost efficient to consider short term rental as a substitute for a purchase. A short term is mostly anything that varies between 1 week to 18 months. After 18 months, other financial possibilities can be offered as alternatives to fit the budget.

  1. What is the current economic environment of your organization?

When you have capital limits, purchasing can be complicated due to the fact that the acquisition will cut on the cash flow. Rental and leasing are then the best methods to optimise the company’s capital. Operational lease or other flex term financing options offered by Electro Rent can be great routes to take especially since the offered rental payments can be spread over multiple budget years and it’s applicable to all new, refurbished and used equipment.

  1. What are your technical objectives?

If your technical objective is to utilise test equipment very frequently and the kit has a high obsolescence rate, then rental is favourable. With this option, the technical updates, the calibration and the frequent maintenance will be executed by Electro Rent, free of charge. This can also be an asset to always be ahead of the competition because you will always have access to the latest version of equipment.

  1. When are you planning to start your project?

Some projects are started within a short time frame which gives you little time to go “shopping”. Manufacturers can hold a delivery time of up to 8 weeks which can be stifling if the project has to commence within a shorter time structure. At Electro Rent we can deliver the required equipment within one day at your doorstep in Europe and within 2 working days in the rest of the world.

So the next time you are looking for equipment ask yourself these questions to ensure that you are making the right decision. 

 

No Previous Articles

Next Video
X- Inventory: A Day In The Life
X- Inventory: A Day In The Life

Ever wondered how your X-Inventory purchase is prepped and shipped to you? Find out how Electro Rent's comm...