Paving the way with Kaye: streamlining autoclave validation
Lab Equipment Leasing
Capital equipment. We all understand the necessary role that specialised machinery, instruments and equipment play in the day-to-day operations of laboratories worldwide. But how do businesses ensure they’re retiring their equipment and upgrading or purchasing when the time is right?
The initial, up-front costs are only the beginning regarding state-of-the-art equipment. With continued maintenance costs, potential repairs, calibrations and validations all required annually, the outright costs only highlight the start of the budget restraints that can be experienced with scientific equipment.
Balancing all the future costs associated with a piece of capital equipment is not something that business owners, Lab Managers or manufacturing directors should have to dedicate time to. This is where lab equipment leasing and financing come into play.
Financing allows laboratories to acquire essential capital equipment while managing costs, helping them stay technologically current and essentially operational. All whilst preserving financial flexibility.
Because if there is one factor that is unfortunately unnegotiable, it’s the laboratory equipment itself. Particularly in the scientific and technical markets, if a new piece of equipment is required, it simply cannot wait.
What Lab Equipment Could I Lease?
Chambers
Validation Equipment
Monitoring Equipment
Fridges, Freezers & Ovens
Flexible financing for forecasted results
At Withnell, we’ve worked hard to ensure that all our brands and their respective products are available to the entire scientific arena. Acquiring the equipment you need shouldn’t be difficult, and we haven’t made it so!
We recognise the hurdles and challenges that laboratories and other facilities and settings face whilst investing in upfront equipment costs. It can limit budget spending in other areas, particularly business development, event attendance, marketing, recruitment, employee retention and much more.
Realistically though, there is something counterintuitive about investing in the equipment but pausing or limiting the activities that bring in the work!
Cash flow by its very definition shouldn’t have any almighty spikes or drops. If your wave could experience a sudden jolt through the purchase of a new piece of laboratory equipment, then financial leasing is your best aid.
Through lab equipment leasing and financing options, we’ve answered the very first question we asked earlier! The right time is now. If having the latest technology or an upgraded piece of equipment is pivotal to your success, then the right time to purchase is today. With our easy four-step process, you could have your financing approved and your new FARRAR bulk reach in chamber (or similar) stood tall in your lab by the end of the week.
The nitty gritty:
By spreading the cost of lab equipment over time you’re making your budgets work for you, rather than the other way around. There are also a number of other benefits to reap from lab equipment leasing and financing aside from the flexibility awarded to your payments:
- Tax efficient: repayments are often 100% allowable against taxable profits for finance leases and operation leases and partially deductible for hire purchase.
- All rates are fixed.
- VAT can typically be paid in instalments.
- Payment terms can be customed to suit you. Including end-of-term options and contract payment structures.
How does scientific equipment leasing benefit you?
Our aim is to develop a financing payment plan that is convenient for you. The solution we agree upon will align with your business strategy and associated budgets. Preaching the Withnell Way outlines that we are committed to unlocking attainable equipment upgrades whilst removing capital expenditure pressures. What does this mean for you?
- Capital is preserved for other operation expenses or business investments.
- Predictable payments makes it easier for you to plan, offering stability.
- Reduce the risk of equipment obsolescence with access to the latest technology.
- Putting the power of financial management back in your own hands.
Stability. Preservation. Are we talking about the workflows and testing processes of a laboratory here, or the benefits of lab equipment financing?
Common capital equipment investments
Who can lab equipment leasing help?
- Pharmaceutical and biotechnology labs
- Food and beverage manufacturers
- Healthcare and diagnostic facilities
- Universities, academia and R&D
- Aerospace, defence and other material testing
What can I use the finance leasing option on?
At Withnell, we’re proud to offer asset finance which can be used against any laboratory equipment or scientific instrument in our product range. Here are some of the common scenarios our customers find themselves in and how lab equipment leasing has helped:
Sustainable practices and net zero
There is an immense amount of pressure for majority of manufacturing sectors to recognise and adopt more sustainable practices, which includes equipment. Many of our manufacturing businesses have enquired with us regarding energy efficient processing equipment, such as the Farrar ULT chamber which is designed specifically with energy balance in mind achieving a low energy consumption of 0.33kWh/cu.ft.
Innovative, advanced technology
Scientific research often relies on cutting-edge technology to remain competitive. Asset financing has been popular with our customers who want to acquire state-of-the-art equipment like the Kaye AVS, which innovates the ranges of GMP calibrations and meets the very highest levels of accuracy.
Scalability
Being able to increase the capacity of incoming work is sometimes an investment that needs to be made prior rather than post demand. For testing laboratories for instance, the capacity of their facilities may require instantaneous scaling in order to account for a larger project that’s due to commence, in these instances capital expenditure can be bypassed with the financing of various laboratory chambers, freezers, ovens, dryers and more.
Ensuring that state-of-the-art equipment is attainable even for those businesses where capital expenditure is feeling pressure, Withnell Sensors are here to offer you the very best in scientific equipment leasing and financing.
