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To hire or not to hire

17 January 2014

Alan Gilbert, general manager of BSRIA Instrument Solutions suggests three key questions that should be asked before the decision is made on whether to buy or hire equipment – will the equipment have high on-going maintenance costs, will it quickly become outdated technology, and what is the frequency of use?

 

Gilbert says: "If you are a low or infrequent user of instruments, there is a strong case for hiring as opposed to buying. Why have capital tied up in equipment that is not working for you; by hiring you can match your cost to your income. For example ultrasonic meters cost about £6000 to buy, yet as little as £175 per week to rent”

Hire companies are able to invest in top of the range equipment and there are no maintenance or calibration costs to consider – the hiring company takes the risk if equipment fails. Should failure occur, a call to the hiring company should ensure another piece of equipment is quickly on its way to you.


 
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