Rentals-with-Equity or “Try Before You Buy”

Rentals-with-Equity or “Try Before You Buy”

Getting the green light to invest in a new analytical instrument can be both exciting and stressful. Getting brand-new analytical instrumentation into your lab can lead to better data, higher testing throughput, improved lab efficiency, and less downtime.

After you have decided on the ideal instrument to acquire, what if you want to try it out for 12 months before making a big commitment? If this situation feels familiar, a rental-with-equity program is the perfect program for you.

Think of a rental-with-equity program as a “try before you buy” plan. Like a rental, you are borrowing an instrument to use in your lab in exchange for a determined monthly rate. However, in a rental-with-equity program, a set portion of your monthly rental payments goes towards buying the rented instrument at the end of the term. This is a fantastic way to make your capital go further.

What are ideal scenarios for choosing a rental-with-equity program?

The basis of opting for a rental-with-equity program for your analytical instrumentation needs is whether you are leaning towards buying the asset at the end of the rental term. If keeping the instrument is the end goal, then having a portion of your rental payments go towards the equity of the instrument is an attractive choice. This choice is often called a “try before you buy” plan, as the main driver is to lessen costs during the evaluation of a new instrument or process before the full capital expenditure.

What are the benefits of rentals with equity?

Instead of your entire rental payment being treated as an expense that cannot be recouped, a rental-with-equity plan allows a portion of your monthly payments to go towards purchasing the instrument at the end of the rental term. This can be attractive from an accounting and cash management perspective.

How do you decide between rentals and rentals-with-equity programs?

Looking for the lowest possible monthly cost?

… go with a Rental. Because the asset will be returned at the end of the term, a lower monthly rental rate can be extended.

Looking to try before you buy?

… go with a Rental-with-Equity. Being able to have your monthly rental payments reduce the purchase price makes financial sense if ownership is the end game.

Benefits of working with Quantum Analytics

Rental-with-equity programs are an attractive financing option for many companies, but many vendors don’t have the infrastructure to offer this as a standard program. As channel partners for best-in-class vendors, we can provide these affordable financing programs for labs looking to purchase new instrumentation from Agilent Technologies, Bruker Corporation, and other vendors.

For clients looking to first rent, and then buy industry-leading analytical instrumentation from these companies, we can easily offer a rental-with-equity program so your team gets the equipment needed in a cost-effective rental program.

What about refurbished instrumentation?

Did you know that you can acquire a refurbished instrument through a rental-with-equity program? Rental-with-equity services on refurbished instrumentation is a unique program for Quantum Analytics. When capital is scarce and difficult to come by, these programs take an already economical instrument and help reduce the monthly payments to a manageable level. Explore our inventory of refurbished instrumentation and reach out to discuss available financing options.