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Renting or Buying: Make an Informed Decision

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The decision of whether to rent or buy diagnostic tools may not always come easy for managers and business owners. Using test equipment rental services is good but there may come a point when you may see that buying equipment is more economical than simply renting or leasing equipment. To effectively weigh your options, here are some things you may want to look into before deciding to buy or rent equipment.

1.    Cost. Think about how much you’ll spend in buying and maintaining the equipment. How much will it cost you to rent equipment? How many times will you rent in a given period?
2.    Purpose. Will you be able to use equipment for different tasks or only for a determined test process?
3.    Life Span. If you decide to buy 
electrical test equipment, how long will it last? Will you be able to get your ROI in terms of the equipment’s usability?
4.    Risks. What are the risks of not having your own equipment? Do these risks outweigh your budget concerns?

Buying high voltage test equipment is a business move that should be given a lot of thought. After all, you wouldn’t want to spend your money on something that you’d eventually realize you don’t really need. Renting is a good way of determining which equipment you should invest your money in. Protec can help you choose the equipment you can use for specific maintenance checks. Contact us today for more information about our services.