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HIRING VS BUYING COOLING EQUIPMENT

HIRING VS BUYING COOLING EQUIPMENT
31/07/2018

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

For more information on  HIRING VS BUYING COOLING EQUIPMENT  talk to  ICS Cool Energy Ltd

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