Electro Rent offers several programs to rent, lease, or purchase new and used electronic test equipment

By: Electro Rent  09-12-2011


Electro Rent offers a variety of standard rental, lease and equipment purchase plans to address short and long term applications. We can also tailor a special program to meet your unique needs. Just tell us your objectives and we’ll go to work and design a solution just for you.

Key Features
• Flexible term, rental is prorated daily after 30 days
• Rental terms as short as 7 days
• Prompt delivery, usually next day
• Swap-out service in the event of product failure
• Calibration is included. In the event of equipment calibration expiration during the rental period, a replacement is normally   provided so downtime is limited.

Appropriate Application
• Use for short-term projects (12 months or less) with an uncertain duration
• Immediate requirements pending delivery of purchased product

Benefits
The flexibility of the program allows for decisions to be made as the project environment changes. Ownership costs such as calibration, property taxes and maintenance are avoided. Payments are treated as operating expenses.

Managers and engineers are not burdened with equipment support and administrative issues. This allows them to focus on their primary roles of producing quality products and meeting project schedules.

Key Features
• Rental payments count toward purchase
• Option to return product after 50% of original term has been completed
• Almost all products in Electro Rent's product guide qualify for this program
• Applicable to new or used equipment
• New equipment carries manufacturer's warranty
• Used equipment carries Electro Rent's 1 year warranty
• 5-day acceptance period
• Option to purchase by paying all remaining payments. Time value of money will be applied if purchase is before expiration of contract.

Appropriate Application
Use for projects with a projected term of 12, 24, or 36 months, where capital funding is not available.

Benefits
Flexibility to return product while at the same time building equity to purchase product. Also, payments are spread out over a longer term to preserve capital.

Key Features
• Lowest rate per month for a committed term
• Terms from 12 to 48 months
• New or used equipment
• Fair Market Value (FMV) purchase option
• Extended warranties available
• At lease expiry, buy in place, return equipment, continue lease month-to-month or sign up for an additional committed term
for a new lower monthly rate

Appropriate Application
Continuous use for a projected term from 12 to 48 months.

Benefits
Flexible, with the lowest possible payments per month.

Key Features
• $1 or 10% purchase options
• Terms from 12 to 48 months
• New or used equipment
• Extended warranties financed

Appropriate Application
Financing Net-30 purchases on terms from 12 to 48 months.

Benefits
Eases cash flow, preserves working capital and spreads the purchases over several operating budget years.

Key Features
• Substantial discount from new product purchase price
• Prompt delivery, usually next day
• 5-day acceptance period
• 1-year warranty standard on most items

Appropriate Application
A clearly defined long-term need exists with a low probability for technical obsolescence. Capital or expense funds (depending on cost of product) are readily available.

Benefits
Because modern test equipment is designed and built with a minimal number of mechanical parts, the useable life of an instrument is much longer than in the past. With a solid warranty, there is little reason not to consider used test equipment when it is available.

Key Features
• You choose the term - any length from 1 to 24 months
• Divide the sale price by the number of months in your term
• You own the product at the end of the term - completely INTEREST FREE!
• You can buy out at any time, or equipment can be returned after the first month with no penalty

Appropriate Application
When you have a limited budget but still need to purchase the equipment, this is an ideal solution.

Benefits
The term is flexible – and you pick it! Choose from 1 – 24 months and you own the product at the end – INTEREST free.

Let Us Show You the Numbers

Allow us to show you the numbers. Give us your equipment list and we will go through the numbers with you. The results may surprise you.

Toll Free:   800.688.1111
Telephone:  818.787.2100
Fax:  818.786.4354

The information in this article was current at 06 Dec 2011