Test Equipment Rental Tips

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Renting is a great option when:

You need test equipment quickly so your project isn’t delayed or production interrupted
You have a short-term need (less than one year)
The test solution you require is evolving rapidly
You have intermittent needs (every few months)
Capital is constrained / you have a better use for your capital
You can pass the cost of the rental along to your customers more easily than if you purchase
Renting is an operating expense, which may help if your capital budget is exhausted

If you decide renting is the best option for you, here are a few tips:

Ask if a portion (e.g., 30% or more) of your rental rate to go toward buyout at a pre-negotiated price. Use TestUnlimited to arrive at the buyout price. Make sure your agreement is reflected in your contract. It is common for rentals to be required longer than anticipated and, in some cases, become long term needs. A little extra effort up-front can help save $$ if you decide to keep the equipment.
Set a calendar reminder when your rental term is up. It is easy forget you have rental equipment and continue paying beyond the term required. Some, but not all, rental companies send reminders when your term is up.
Committing to a longer duration (e.g., 6 months) may enable you to negotiate a lower rate.
Ensure the calibration will cover your rental period

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