How Can Rental Benefit Your Business?

In tough economic times, smart managers use rental to beat the credit crunch:

There are a variety of reasons for renting at Livingston. For the comfort, the flexibility to upgrade, downgrade, always the latest technology, the financial controls (no depreciation), short term emergency needs, peak demand requirements, etc.   

Below are our top 10 facts on how rental can keep you competitve in a tough economic climate: 

 

 

 
  • 1: No hidden costs

All equipment including maintenance, support, administration and logistics are supplied by the rental provider and included in the cost of the rental agreement. This ensures additional costs are kept to a minimum, allowing companies to evaluate the total cost of ownership.   

  • 2: No capital expenditure or investment necessary

Rental enables businesses to meet peaks and troughs in business environments. In difficult times or seasonal lows, businesses can return equipment without having committed to capital investment. 

  • 3: Tax incentives

All rental payments are 100% tax deductible in the year they are made and do not appear on the balance sheet.  
  • 4: Cost effective

The accelerating rate of obsolescence means the price of second-user systems will continue to fall at ever-faster rates. This increases the residual risk for purchasers acquiring capital assets. Rental ensures companies can keep up-to-date with new technology without worry of their hardware being left unused and causing a financial burden.

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  • 5: Pay-as-you-go 

Rental allows businesses to pay for equipment as they use it, allowing costs to be easily monitored.   

  • 6:Try before you buy

'Try before you buy' is a flexible solution. It ensures equipment needs are fulfilled before considering the cost implications of purchase. In the long-term, try before you buy saves money by ensuring compatibility and integration with existing IT systems and testing environments.  

  • 7: Technology refreshment

New product releases are becoming more prominent and for companies, who want the latest technology, rental can provide a rolling refreshment programme.   

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  • 8: Lead-time bridging 

While urgently waiting for new product releases, rental provides lead-time bridging.  In many cases, the rental provider receives early release systems, avoiding the need to wait months for new products to appear on the 'shelf'.  

  • 9: Rental Replacements 

If equipment goes faulty, replacements will be supplied within 24, minimising disruption and potential financial loss to a company
  • 10. Avoid disposal costs liabilities  

Planned EU legislation on the disposal of Waste Electrical and Electronic Equipment (WEEE) means companies will have to dispose of their redundant test equipment responsibly. However, organisations can avoid the disposal, and associated costs, of unused and outdated equipment by renting the latest equipment.

 

 

For more information or for a quote on how Livingston can help your business, call us at +44 208 614 4055 or email us your information and we will contact you shortly. Try to give us as much information as possible in order for us to negotiate the best rates.