HIRING VS BUYING COOLING EQUIPMENT

ARE YOU CONSIDERING THE MERITS OF HIRING VS BUYING COOLING EQUIPMENT? Hiring equipment from IT through to manufacturing assets is a route many companies take to avoid outright purchases and keep cashflow fluid. There are many other benefits to hiring your temperature control equipment which you may not have considered:

No depreciation – due to not owning the asset, you don’t suffer from the value of it depreciating Up to date equipment – depending on your supplier, you should receive up to date and compliant equipment Minimal risk of downtime – if there is a fault with the equipment, your rental supplier should be able to replace the equipment at no cost Flexible – try before you buy or, if your business decides it no longer needs the equipment, you can arrange a return depending on your contract terms No maintenance to worry about – your supplier should carry out all maintenance for you – ideal if you lack this resource in-house.

Here, one of our ICS Cool Energy engineers is carrying out an evaporator replacement on one of our hire chillers – keeping it in top condition – ready for its next home.

Where some companies prefer to hire, others prefer to buy, and this also brings its own merits:

System designed specifically for your needs – if your process requires specific high temperatures, tolerances or needs to meet regulations such as ATEX, this could be beneficial Reduced long-term cost – its likely that in the long-term you will pay less for the equipment even though there is an upfront cost Try before you buy is often available for a limited period – giving you some degree of flexibility and the time to make sure the equipment meets your needs Extended warranties & service packages – offered as part of a capital purchase, typically protecting you from additional costs outside of a service agreement for the first few years Funding and finance available – helping to bring down your costs further, there are schemes such as the Carbon Trust which provide funding towards energy efficient replacements or interest free loans