Laboratory Equipment Leasing Promotes Lab Efficiency

Modern clinical labs and research facilities require a wide range of laboratory equipment for carrying out routine applications. Quality instruments are essential for analyzing samples accurately and providing results that will allow physicians to provide proper treatment. With rapid advancements in the technology, laboratories would have to invest in new devices incorporating these changes to stay competitive. However, the problem is that this can prove to be an expensive option especially for startups and labs with financial constraints. In such a scenario, leasing lab equipment could be the ideal solution. Advantages of Choosing the Leasing Option

There are many advantages associated with leasing medical lab instrument. Firstly, it allows clinical facilities to benefit from the latest technology without paying for it upfront. It will also provide your clinical facility that much needed competitive advantage. The other benefits of choosing the leasing option are

• Conserve operating capital: Managing and controlling your budget becomes much easier when you choose a leasing option. You can conserve operating capital by avoiding significant up-front investment required to purchase expensive instruments. You can easily get the requisite device or devices by making a convenient monthly payment. By spreading out costs over a number of years, you can redirect working capital towards other important needs. Moreover, this allows the lessee to maintain liquidity on its lines of credit.
• Convenient monthly payments: This is a cost-effective way to update your lab with the latest technology. Leasing allows clinical and research labs to use high-quality instruments without having to pay the full cost of the device.
• Potential savings on taxes: An equipment lease agreement allow you to receive tax benefits where you get to deduct the full lease payment straight away. The amount of tax benefits will depend on the type of agreement.
• Greater flexibility: The terms of the rental agreement is more flexible than conventional loan products as it can be customized to suit specific needs. The terms can be adjusted to meet tax situations, cash flow and equipment needs.
• Eliminate outdated equipment use: You can acquire an advanced lab instrument and use it until no longer suits your needs. You can upgrade and add what you need, whenever you want.

Laboratory equipment leasing is a feasible option for all laboratories with budget constraints. Reliable lab equipment suppliers offer high quality instruments on lease along with additional benefits such as installation, training, delivery, and reagent credits as part of the agreement.

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