Evaluation_Engineering_October_2020 - 30

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AUTOMATED TEST

RENT, LEASE, OR BUY
ELECTRONIC TEST EQUIPMENT?
HERE'S HOW TO DECIDE
by Amanda Wilson
	 For every technology-driven business, it's a major concern
to strike a tradeoff between high cost, constant maintenance, and calibration of new equipment vs. the need to conserve
cash by renting or leasing.
Should you rent, lease, or buy?
A single answer will certainly not fit every company's needs.
This article will give you clear, actionable points to decide which
approach works best for you.

When to Rent, Lease, or Buy Test Equipment
Before deciding to rent, lease, or buy electronic test equipment,
study the pros and cons via physical, economic, system, technology, and lifecycle analysis. These are explained below:
Evolving technology
Speed, performance, and technology of digital processors are
changing at blazing speeds. New frequencies and improved analog performances can lead R&D teams to evolve their knowledge about test equipment constantly. If you're a product-based
company, it depends on the time it takes to develop, test, and
launch your product.

30

EVALUATION ENGINEERING OCTOBER 2020

If it takes less than six months, it makes more sense to rent
the electronic test equipment at a much lower monthly cost. On
the other hand, if you're a service-based company that regularly
tests and repairs electronic products, you may find it logical
to purchase.
Certifications and compliances
Electronic test equipment itself needs to be regularly tested
and calibrated in compliance with industry-wide ISO regulations. Without regular testing and calibration, you may get
wrong results that defeat the whole purpose of using them.
If you own multiple test equipment across different departments,
you may need a dedicated small team to track and manage audits,
calibrations, and compliances. This is an additional operational cost
over and above the capital cost of owning the equipment.
Small to mid-size companies may see sense in renting or
leasing test equipment, where the responsibility of managing
compliances lies with the supplier.
Long-term rental
If you need the equipment for more than six months, it
may make more sense to calculate the cost of monthly rent


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Evaluation_Engineering_October_2020

Table of Contents for the Digital Edition of Evaluation_Engineering_October_2020

Instrumentation vs. Telemetry
By the Numbers
Automotive Test
Industry Report
Automated Test
Tech Focus
Testing Quandary
Signal Generators
Autonomous Vehicles
Automotive Test
Instrumentation vs. Telemetry
Instrumentation vs. Telemetry
Automated Test
By the Numbers
By the Numbers
High-Speed Digital
Industry Report
Industry Report
Testing Quandary
Tech Focus
Featured Tech
Autonomous Vehicles
Evaluation_Engineering_October_2020 - 1
Evaluation_Engineering_October_2020 - 2
Evaluation_Engineering_October_2020 - 3
Evaluation_Engineering_October_2020 - By the Numbers
Evaluation_Engineering_October_2020 - 5
Evaluation_Engineering_October_2020 - Industry Report
Evaluation_Engineering_October_2020 - Tech Focus
Evaluation_Engineering_October_2020 - Signal Generators
Evaluation_Engineering_October_2020 - 9
Evaluation_Engineering_October_2020 - 10
Evaluation_Engineering_October_2020 - 11
Evaluation_Engineering_October_2020 - 12
Evaluation_Engineering_October_2020 - 13
Evaluation_Engineering_October_2020 - 14
Evaluation_Engineering_October_2020 - 15
Evaluation_Engineering_October_2020 - Automotive Test
Evaluation_Engineering_October_2020 - 17
Evaluation_Engineering_October_2020 - 18
Evaluation_Engineering_October_2020 - 19
Evaluation_Engineering_October_2020 - 20
Evaluation_Engineering_October_2020 - 21
Evaluation_Engineering_October_2020 - 22
Evaluation_Engineering_October_2020 - 23
Evaluation_Engineering_October_2020 - Automated Test
Evaluation_Engineering_October_2020 - 25
Evaluation_Engineering_October_2020 - 26
Evaluation_Engineering_October_2020 - 27
Evaluation_Engineering_October_2020 - High-Speed Digital
Evaluation_Engineering_October_2020 - 29
Evaluation_Engineering_October_2020 - Testing Quandary
Evaluation_Engineering_October_2020 - 31
Evaluation_Engineering_October_2020 - Featured Tech
Evaluation_Engineering_October_2020 - 33
Evaluation_Engineering_October_2020 - Autonomous Vehicles
Evaluation_Engineering_October_2020 - 35
Evaluation_Engineering_October_2020 - 36
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