To stay competitive, clinical laboratories need to equip themselves with advanced equipment that can provide accurate, reproducible results in quick turnaround time. Investing in new devices is undoubtedly an expensive option. The answer lies in lab equipment leasing. Leasing is a cost-effective way for labs to meet changing market and technology demands. To make the right decision about whether to lease or purchase the devices they need, laboratories need to carefully weigh the pros and cons of these options.
Benefits of Leasing Lab Devices
- Periodic payments – You don’t have to pay the full cost of the device up-front. For instance, if you need an advanced chemistry analyzer, you can lease it by making convenient monthly payments over a fixed period of time. These payments would lower than what you would have to make on a loan to purchase new equipment.
- Access to the latest technology – Leasing allows laboratories to get access to the latest technology. Leading laboratory equipment suppliers offer advanced devices such as the Beckman Access II immunoassay analyzer on lease.
- Tax deduction – Depending on the type of lease agreement, lease payments are often deducted as business or production expenses, thus lowering the overall cost of your lease. You can also avoid bank loans.
- No maintenance worries – Most leasing companies take care of the maintenance and servicing of the equipment. If these are included in the rental agreement, labs can reduce their overall maintenance expenses.
The drawbacks associated with lease deals include increased paper work, no ownership of equipment and maintenance issues. The leasing agreements of some companies specify that the lab is responsible for the upkeep and maintenance of the equipment. With the right leasing partner, you may find that the pros outweigh the cons. Nevertheless, it is important that you weigh your options and take the best decision.
Established dealers offer attractive lease/finance options on new and recertified lab devices such as the Olympus AU400 clinical chemistry analyzer, Medica Easystat blood gas analyzer, and Beckman Coulter AcT Diff 2 hematology analyzer.
Some dealers offer reagent rental plans that allow laboratories to acquire the laboratory device they need in exchange for the guaranteed purchase of reagents over a period of time. These rental plans are also a great option for small as well as large volume labs that face budgetary constraints in purchasing new instruments for in-lab testing.