FAQ: What are the financial benefits of renting?
Benefits of Renting Equipment part 3 of 3: Financial Benefits
If your company or project has the capital available to purchase your NDT or RVI equipment, why rent? Although each project and business is different, it’s important to understand the benefits of renting versus purchasing.
Financial benefits:
- Preserve your capital: With a rental, you can release your capital into other parts of the business where it can be used to generate additional profits.
- Increase your borrowing capacity: The equipment user who rents rather than buys generally finds borrowing easier because he has a better ratio of assets to liabilities, as the equipment does not appear as a liability on the balance sheet
- Reduced disposal costs: It costs money to sell any type of used or obsolete equipment. Preparing (or repairing) the equipment for resale, advertising and selling time are cost factors of ownership that do not occur with rental equipment.
- Reduced inventory costs: The inventory any department needs can be reduced with a reliable source for equipment rentals or leasing options
Read the rest of the series here:
Benefits of Renting Equipment part 1 of 3: Technical Benefits
Benefits of Renting Equipment part 2 of 3: Operational Benefits
Jason De Silveira, founder and CEO of Nexxis Technology, has always had a sharp focus on robotics, education, and real-world solutions. Throughout his career, he’s stayed committed to pushing the boundaries of robotics and helping industries strengthen their approach to asset integrity and robotic inspection.
With a background in operations, commissioning, and start-ups of new facilities, Jason leads Nexxis with a hands-on understanding of what real projects demand. Under his leadership, Nexxis has become known for developing innovative robotic systems that deliver better data, boost safety, and take the risks out of confined space and working-at-height inspections.
What makes Jason stand out? A passion for innovation, a proven ability to bring people together, and a genuine drive to help clients get the right solution — not just an off-the-shelf fix. With a strong focus on customisation and future-ready technology, he’s helping to shape the next generation of robotics.
