Renting versus Buying a Helium Leak Detector

When it comes to renting equipment, there are a lot of factors to keep in mind: how long will you need the equipment? Would it be more cost effective to buy or rent? Will the piece of equipment your project requires even be available to rent? How do you ensure the piece of equipment you rent will actually meet your project needs? There are many points to consider when deciding between renting and buying a helium leak detector.

For businesses that have not considered renting, there are several compelling reasons to rent versus buying equipment. We will cover many of the aspects to consider which should assist in you in your decision:

Renting Reduces Capital Expenses

Rental equipment will cost you once, and once only. Renting would provide you the ability to direct the capital otherwise spent on equipment payments toward critical project needs. Also, rental costs are often immediately deductible as business expenses. The tax treatment of equipment purchases usually need to be depreciated over the lifetime of the equipment (Refer to your tax advisor about this). Some projects require specialized equipment if they are to be done correctly and efficiently. Buying the equipment may not be economically viable. On the other hand, rentals can let you expand your project horizons while staying profitable.

Avoid Worry About Equipment Obsolescence

Renting provides the latest models of equipment with the highest reliability. The rental market is competitive and incites rental companies to offer recent-generation machines that get jobs done faster and more efficiently.

Equipment can be Conveniently Shipped/Delivered to any Location Within the Continental US

Whether you need the leak detector shipped to your factory or laboratory, or one of your customer’s facilities, rental related shipments are painless. High Vac Depot provides robust, padded storage cases that protect the equipment and come packed with adapters, fittings, and manuals needed for machine operation.

Rental Equipment is Available to Meet any Schedule for any Duration

High Vac Depot offers weekly, monthly or even greater duration rental opportunities. Therefore, we can accommodate the timeframe that is best for your project needs. We’re also flexible in our return times. Thought you needed only a week, but the project incurred delays? No problem! We’ll happily extend your rental time to accommodate your needs.

Avoid Equipment Depreciation, Maintenance, or Costs Associated with Downtime from Repairs

High Vac Depot rentals are fully functional, ready to go out of the case. You will avoid maintenance, repairs, and the need for an inventory of critical spare parts. The equipment is guaranteed and maintained by trained service professionals.

The Need for Dedicated Warehouse or Storage Space may be Decreased or Eliminated

When you choose to rent equipment rather than purchase, you relinquish the need for storage. Most equipment, especially sensitive helium leak detector components tend to last longer when being used rather than being permanently stored. By renting, you are ensuring that when you need a piece of equipment to work, you aren’t wasting time and money resurrecting stored and unmaintained equipment.

Renting Allows You to Try Before You Buy

Renting will allow you to test out the equipment to determine whether or not buying is the correct decision for your project or company. You can avoid the risk of a large investment if the equipment turns out to be unsuitable or does not meet your project needs. Moreover, renting a specific make and model of a leak detector may help you decide if that specific unit is the best for your needs.

Eliminate the Costs and Time Associated with Trying to Sell or Dispose of Old or Unused Equipment

Once the life cycle of your equipment has matured, you will be faced with the decision to try to sell or dispose of the equipment. If selling, time can be spent on cleaning up and repairing the equipment in an effort to maximize the sale price, only to discover that finding a buyer is challenging. If the equipment requires disposal, depending on how it was used (radiation environment, contaminates, corrosives, etc…) costs could add up quickly.

Conclusion

With all the advantages outlined, you may wonder if buying is ever the right decision. If you are sure that you will be using the equipment frequently, then buying may be the better option. As a rule of thumb, the cross-over zone between rental and purchase is the usage of the equipment 60 to 70 percent of the time. If it is not something that will be used frequently or if it is a specialty piece of equipment, then renting is the more cost-effective solution.

High Vac Depot offers very new and well-maintained equipment in smart shipping solutions. Our online rental service makes renting a leak detector or other vacuum equipment painless. We can prepare a custom quote for your rental requirements and all rental agreements can be signed digitally online in just a few moments. No need for scanning or faxing documents. Check out our rental offerings!

Different rent-or-buy decisions work for different companies. Where is the cross-over zone between buying or renting equipment for your company? We would love to hear about it from you in the Comments section below!