Used Test & Measurement Equipment

Numerous engineering managers are faced with the decision to purchase test and measurement equipment within operating costs. Having this purchasing power requires an in-depth knowledge of the functionality electronic test equipment needs to fulfill. Some questions to consider before purchasing include the following:

  • Is this a long-term investment?
  • What is the budget and turnaround timeframe?
  • Is the annual budget review approaching?
  • Does the electronic test equipment need to be replaced, or do we need more advanced equipment?

When considering these questions, the major decision involves buying new or used. New memory test application measurement equipment comes with the latest advancements in the field, but also at a hefty price tag. Purchasing new means counting depreciation values over the years that will affect your bottom line, if your equipment is lucky enough to be relevant for that long.

A common occurrence in the industry is that electronic test and measurement equipment often becomes outdated once the latest and greatest product has surpassed the technology it is currently testing. If this is the case, than purchasing expensive new equipment is not the most financially strategic decision for you. Read on to discover the benefits of purchasing used test & measurement equipment.

Are Used Electronic Test Equipment Rentals Reliable?

Renting or purchasing used electronic test equipment may not seem like an attractive option at the onset, but don’t let a false reputation of rentals or used equipment being second-rate deter you. In fact, for most R&D companies, used equipment available for purchase is in use up until the point of sale.

This allows buyers the opportunity to see the work history of the equipment to know that it is in suitable and working condition before purchase. Even memory test applications can be conducted on rental equipment. Regardless of your business’ needs, used electronic test equipment is often heralded as the most frugal option whilst simultaneously providing you with your testing needs.

Purchasing New vs Used Electronic Test Equipment

When considering the purchase of electronic test and measurement equipment, look at the cost-benefit analysis. Electronic test equipment rentals may not have the glamour of its new shiny counterparts, but they outweigh the competition in relation to its cost and delivery estimates.

New testing and measurement equipment has a higher cost and comes at a greater risk of being replaced. Used equipment comes at a lower price, and is already instrumental in current procedures. There is inherently a lower risk associated with used equipment, as more technologies have been tested with the electronic test equipment, making the usage base greater and more stable.

According to AZO Materials, many companies have found that they can save 25% to 75% off the cost of new equipment. Not only does purchasing rental equipment save at the point of sale, but it also lowers the depreciation of the product, thus making the equipment for cost competitive over the years.

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Rental Equipment Saves Time

Most buyers of new equipment have to wait months until their shipment comes in. For used equipment, the majority of the time the equipment is available immediately after purchase. This is great turnaround for those in need of replacement testing equipment right away, or for those looking to revamp their current electronic test equipment inventory without disrupting their current operations.

Since a quick delivery of rental equipment means being able to utilize their functions immediately, used rental equipment not only saves time, it has the potential to keep you on the forefront of your business and ahead of your competition.

Purchasing Used is Appropriate for Any Business

Purchasing used equipment is a strong move for small labs and contract manufacturers. However, in the last few years, multinational companies are jumping on the cost-savings bandwagon by purchasing used materials. Pre-owned machinery provides real value, time savings, as well as allows companies to purchase tried and true equipment at lower costs.

There are numerous companies that offer new, used, and rental equipment. Though each resource for electronic test equipment rentals brings with them their differences, you will undoubtedly have the option to rent used equipment to help you maintain your operating costs. Work with a T&M rental company that will help find rental, operating lease, finance lease, and used purchasing options that are best suited to you and your strategy.