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Rent vs Buying 3D Scanners & Metrology Equipment

Renting vs Buying, which one would work better for me? These are a few summary points often discussed with new customers at HTS, about the value proposition of renting specialized 3D equipment vs buying, financial considerations, and potential tax benefits.

Scalability and Flexibility

Running a business carries lots of uncertainty. Equipment usage and availability are often the metrics most applicable to justify a necessary purchase. High-tech assets have unique elements attached like resale value, reliability, obsolescence, service times and upgrade paths. These products can be so specialized they sometimes have a low UTILIZATION RATE, making them ideal to rent vs tying up capital via a fixed loan purchase or even a short-term lease. By “financing the rental” as a line-item expense against a billable project or budget, every dollar invested is billable, every single one. “Airplanes don’t make money on the ground” as they say. By incorporating the strategic advantages of equipment rental options from HTS Advanced Solutions, your business can increase the capability matrix of available on-demand resources. This adds tremendous value to your service’s potential.

Other factors also worth consideration when deploying new technology could be skilled labor, insurance, storage, calibration, and delegating responsibility (to an individual or a team). These potential liabilities can add new complexities as well as potential hidden costs, such as forced downtime (unscheduled maintenance, repairs, or loss/theft) to any operationally geared company. Working with HTS Advanced Solutions equipment resource plans, companies can focus on delivering their specific value add to their customer that hopefully makes them repeat customer.

Logistics

The simplistic value of portable 3D scanning and metrology is to bring the intrinsic features of an object or environment from the physical to the digital realm (DIGITIZING or REALITY CAPTURE or DIGITAL TWIN). Getting all resources to the site can sometimes be the hardest part of a project, not much separates a deadline from a delay. HTS has organically grown a deep inventory of 3D equipment that’s “ready to ship” on demand. Strict quality protocols are designed to minimize potential hardware issues and if an unforeseen problem arises, you always have a real person to speak to for a quick resolution. After business hours support is very rare these days, have you tried calling the manufacturer after 5 pm? At HTS, we have coast-to-coast support technicians to assist with 24-hour call number.

Support

Our team members at HTS deliver a unique customer experience in the technologies we serve. A unique advantage as an equipment supplier is that HTS is agnostic when it comes to the equipment brands it offers. The variety of manufacturers’ technology we carry is largely based on quality-specific needs of precision and reliability; we incorporate feedback from our customers, and our own on-site experience working with the gear that can apply to all the aspects of the equipment we rent. Improved custom shipping cases and HTS-designed accessory kits are an example. Support can be delivered in a variety of ways, via phone call or video chat, sending a skilled technician on-site, or just the equipment rental, our goal is to work in tandem with your company to ensure efficient project completion.

rent vs buy trackers
rent vs buy scanner

CapEX vs OpEX

Acquiring a piece of equipment for your company as CapEX (capital expenditure) means it is an asset intended to benefit the organization for more than one year. Intended as a one-time purchase, the asset costs will be deducted over time figuring depreciation and amortization. Equipment Rental services costs can be treated as OpEX (operation expense), the costs are directly tied to a specific project need. In this scenario, all of the service fees and costs of the equipment rental service charges can be fully tax-deducted. Depending on your company’s specific needs, renting can often be a better fit for many on-demand project requirements.

capex vs opex metrology equipment

…Over a decade of repeat clients sharing their success with HTS is a testament to how we serve a special role in the market.

Our team members at HTS deliver a unique customer experience in the technologies we serve. The variety of brands we carry, the feedback from our clients, and our own experience apply to all the aspects of the instruments we rent. Improved custom shipping cases and HTS-designed accessory kits are examples. Support can be sending a skilled tech on-site along with the equipment rental, our goal is to work in tandem with your company to ensure the desired outcome.

Implementing business intelligence metrics into equipment resource planning can help managers predict trends on how to play the market and when to make investments. Current interest rates for borrowing have shown a tendency to slow business investment spending. It’s obvious that manufacturers are moving to a service model of delivering goods, such as subscriptions, more flexible leasing, or even direct rentals. We work with the manufacturers, often getting referrals, simply because RENTAL is our main focus! Over a decade of repeat customers sharing their success with HTS is a testament to how we serve a special role in the market. We hope this summary can give you some insights into the benefits of working with HTS on your next project.