How Leasing Laboratory Equipment Helps Lab Professionals

Clinical labs and research facilities depend on a wide range of lab devices for carrying out their routine functions. High-quality lab instruments are essential to analyze samples correctly and provide precise results that would allow physicians to provide timely and proper interventions. However, prolonged use and regular wear and tear can make these devices obsolete within few years of purchase. So laboratories would to invest in new equipment in order to stay competitive. While modern lab instruments are equipped with advanced features and technical specifications, investing in a new device can prove an expensive proposition for startup laboratories and those with budget constraints. In such situations, leasing laboratory equipment could be a feasible solution.

How Leasing Works

A lease refers to a contract in which the lessor allows the lessee to use an asset for a specified period of time at a fixed rate.

Leasing allows lab facilities to benefit from the use of the latest technology without having to spend heavily on purchasing it. This type of plans allows cash-strapped labs to avoid capital expenditure and enhance their workflow and productivity with industry-leading products.

Benefits of Choosing the Leasing Option

Conserve operating capital - Choosing a leasing option allows lab professionals to better manage and control their budget. Operating capital can conserved by avoiding the significant upfront costs required for purchasing expensive instruments, and also making it possible to redirect working capital towards other important needs.

• More flexibility - When compared to other conventional loan products, the terms of the lease agreement can be customized to individual needs. The chosen terms can be adjusted to meet tax situations and cash flow needs.
• Eliminates obsolete equipment use - You can lease lab devices integrated with advanced features and technical specifications and use it until your needs are served.
• Short-term use - Leasing is an ideal option for researchers working on a short-term project.
• Tax savings - Equipment leasing offers tax benefits as lease payments are usually deducted as business expenses on tax return.
• Flexible terms of agreement - At the end of lease term, lessees can choose from several options. They can either renew the agreement or return or purchase the equipment at the remaining value.

Laboratory equipment leasing is an ideal option for clinical labs and research facilities with budget constraints. Established dealers offer high quality instruments on lease along with additional benefits such as installation, training, and delivery as part of the agreement.