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Is it better for
me to rent or buy? |
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There is no easy answer
to this; we have tried listing the benefits of each way
of obtaining the equipment you need, however the final
decision should be based on your personal situation.
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Benefits of Rental |
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Flexibility |
You have the freedom to change the
equipment as and when your needs change.
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Licensing |
Equipment can be changed,
so that operating frequencies are compatible with local
conditions or with country regulations when travelling
from country to country.
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Testing |
You can try out the latest equipment
on the market without making any commitments.
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Support |
You will have the full support of
the hire department, from replacing faulty equipment to
helpful advice about frequency planning.
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Cashflow |
Improved Cashflow without the burden
of making large capital investments in equipment.
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Accounting |
Rental charges are VAT reclaimable,
and all of the rental charges can be written down against
TAX as and when they occur.
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Benefits of Purchase |
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Ownership |
Equipment belongs to you, so no worrying
about loss or damage, for which you would have to reimburse
if the equipment was rented.
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Transport |
You will be saving on logistic and
transport costs involved in renting. Having equipment
returned and delivered between periods of use, can increase
your costs.
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Costs |
On long tours covering singles countries
or a single continent, purchasing may well be the cheaper
option.
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Assets |
The equipment will appear as an asset
on your balance sheet. Allowing balance sheet financing.
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Accounting |
VAT is fully reclaimable on the purchase
cost. Depreciation of the equipment value can also be
written down against profits. |
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