Test Equipment Rental and Test Equipment Lease Options

Why Rent and Lease Instruments from TestEquity?

TestEquity's rental and leasing programs are designed for value-conscious companies looking to avoid the costs of owning, repairing, and calibrating portions or entire labs of their test and measurement equipment. Customers also get access to the best account team in the business, fast delivery options, a huge selection of products, and cash flow-friendly financing — as if they were purchasing directly from our company. More than a rental/leasing business, TestEquity is an off-site equipment pool — constantly updating stock to carry the latest models, for as little or as long as a job requires.

 

Amazingly simple, TestEquity lets customers rent and lease with flexible terms that remove risk while eliminating the need for capital expenditures. We also automatically apply a percentage of rental payments toward the purchase price of all qualifying models — or the total amount when products are purchased within the first month.

Options for Conserving Capital Costs

Acquiring test equipment without the need to purchase new provides a number of attractive benefits.

Rental: Our rental program is tailored for short-term equipment needs — typically one to 12 months — or when project timelines are undefined. Renting test equipment lets customers:

  • Conserve capital by paying equipment rental expenses on an as-needed basis
  • Avoid costs of ownership such as depreciation, interest, maintenance, and calibration
  • Maintain the flexibility to rent newer models to keep up with technology design cycles
  • Cover downtime whenever owned equipment needs repair or calibration
  • Mix new and legacy models from different manufacturers
  • Benefit from next-day delivery

Leasing is cost-effective whenever equipment is needed for medium to long-term periods. TestEquity offers 12-, 24-, 36-, 48- and 60 month operating and finance leases. Leasing equipment lets customers:

  • Avoid equipment obsolescence on quick-turn technology design cycles
  • Spread cash flow over the life of the lease
  • Improve return on net assets (RONA) with an operating lease

Operating Lease: An operating lease lets customers use equipment for the term of the lease without adding equipment as assets to a company balance sheet. At the end of the lease, the following four options are available:

  • Buy out equipment
  • Start a new lease
  • Continue to use equipment on a month-to-month basis
  • Return equipment

Finance Lease: Lets customers acquire equipment at a low monthly rate without tying up capital.

Maintenance and calibration costs can be rolled into an operating or finance lease, providing a known fixed monthly cost for the duration of the lease. Clients can mix new and refurbished equipment on their operating or finance lease — lowering both the cost of leased equipment leased as well as payments.

Typical Contract Terms

Rental Leasing
Minimum term: As short as one month, with pro-rated daily rental rates available after the first month is completed. Terms: One to five years, including a residual buyout feature that provides the option to buy equipment at a substantial discount at the end of the lease term.

When renting or leasing equipment from TestEquity, customers enjoy the same expert assistance from our account management team as when purchasing equipment. All equipment is shipped with current calibration certificates to meet the original manufacturer's specifications, with NIST traceability and yearly calibration services also available on lease contracts.

Financing by Regents Capital

Financing via Regents Capital

Regents Capital is a leading independent equipment finance firm dedicated to delivering custom financing solutions to businesses just like yours. TestEquity has teamed up with Regents Capital as a trusted partner to provide our customers with equipment lease/finance specialists who will work closely with you to deliver a tailored equipment financing solution that meets your unique business needs and goals.

 Learn more about Regents Capital's Test Equipment Lease and Financing Options, download their informative eBook and credit application.

Resources

TestEquity Credit Application
Keysight Product Categories Available for Rental
Tektronix Product Categories Available for Rental