Laboratory Equipment Leasing - A Feasible Option to Improve Lab Efficiency

Modern clinical laboratories and research facilities require various types of lab equipment to carry out routine procedures. Using advanced laboratory equipment with superior capabilities is important for ensuring accurate, consistent and timely test results. However, investing in such equipment can prove a costly proposition for labs with budget limitations. The practice of laboratory equipment leasing evolved as a solution to this problem.

Advantages of Laboratory Equipment Leasing

Leasing allows labs to benefit from the latest technology without having to pay for it upfront. The main benefits associated with leasing laboratory equipment are as follows -

• Flexible monthly payments - One of the main benefits associated with leasing is that the clinical facilities can purchase high quality lab devices with advanced features without having to pay the full cost of the device upfront. The lease payments are fixed and spread out over a period of time.
• Conserve operating capital - Leasing allows labs to better manage and control their budget. It conserves operating capital by avoiding the huge up-front investment required to purchase expensive instruments. By spreading out costs over a number of years, labs can redirect working capital towards other important needs. Moreover, this option allows the lessee to maintain liquidity on their lines of credit.
• Savings on taxes - An equipment lease agreement allows the lessee to receive tax benefits with the full lease payment deducted straight away. The amount of tax benefits will depend on the type of agreement.
• Avoid outdated equipment use - With leasing, lab professionals can take advantage of the latest lab equipment. Further, the equipment can be upgraded and additions made based on individual needs.
• More flexibility - When compared to conventional loans, the terms of the rental agreement can be customized to suit the lab’s budget and requirements. The chosen terms can be adjusted to meet tax situations and cash flow needs.
• Reduce maintenance problems - Laboratory equipment leasing helps avoid maintenance expenses if these are included in the rental agreement.

Customer-friendly Leasing Options

The ideal option when it comes to laboratory equipment leasing is to partner with a reliable supplier of lab instruments that offers the facility. Established suppliers offer top quality devices on lease with customer-friendly terms and conditions, including flexible and competitive payment terms, thereby helping labs overcome budgetary constraints and focus on their core tasks.

Block Scientific, a leading laboratory equipment supplier in New York, offers a range of new and used lab equipment from industry leading manufacturers.