Product Announcement from Electro Rent Corporation


We Make It Easy to Rent or Lease Test Equipment-Image

Electro Rent offers a variety of standard rental, lease and equipment purchase plans to address short and long term applications. We can also tailor a special program to meet your unique needs. Just tell us your objectives and we'll go to work and design a solution just for you.

Month - To - Month Rentals

Key Features

• Flexible term, rental is prorated daily after 30 days
• Rental terms as short as 7 days
• Prompt delivery, usually next day
• Swap-out service in the event of product failure
• Calibration is included. In the event of equipment calibration expiration during the rental period, a replacement is normally provided so downtime is limited.

Appropriate Application

• Use for short-term projects (12 months or less) with an uncertain duration
• Immediate requirements pending delivery of purchased product

Benefits

The flexibility of the program allows for decisions to be made as the project environment changes. Ownership costs such as calibration, property taxes and maintenance are avoided. Payments are treated as operating expenses.

Managers and engineers are not burdened with equipment support and administrative issues. This allows them to focus on their primary roles of producing quality products and meeting project schedules.

Finance Leases

Key Features

• Preserves existing credit facilities
• 100% financing including new and used equipment plus intangibles such as extended warranty and software
• Eases cash flow on equipment purchases
• Terms from 12 to 48 months
• $1 or 10% (of cost) purchase options

Typical Use

Product ownership is a requirement with a low chance of product obsolescence.

Operating Leases

Key Features

• Lowest rate for a given committed term
• New and used equipment
• Maintenance services and upgrades can be added
• Terms from 12 to 48 months
• Fair Market Value (FMV) purchase option
• Hedge against product obsolescence
• Off balance sheet accounting
• Use of operating budget versus capital budget

Typical Use

Product or project uncertainty and where the lowest possible payment is needed to manage cash flow.

Rent - To - Own

Key Features

• Rental payments count toward purchase
• Option to return product after 50% of original term has been completed
• Almost all products in Electro Rent's product guide qualify for this program
• Applicable to new or used equipment
• New equipment carries manufacturer's warranty
• Used equipment carries Electro Rent's 1 year warranty
• 5-day acceptance period
• Option to purchase by paying all remaining payments. Time value of money will be applied if purchase is before expiration of contract

Appropriate Application

Use for projects with a projected term of 12, 24, or 36 months, where capital funding is not available.

Benefits

Flexibility to return product while at the same time building equity to purchase product. Also, payments are spread out over a longer term to preserve capital.

 
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