Renting, Leasing, or Buying: Which is Right for Your UPS System?
Do you own or rent a UPS System? Whether your business is big or small, you want to make sure that you have the right backup when something goes wrong. To protect your operations from unexpected power outages, you need the right backup power UPS system. But how do you know what’s the right system? Should you buy and install a system or lease the equipment instead? Or maybe it’s better to wait for something to happen, then rent a system to provide power?
Each option has advantages and disadvantages. Let’s talk about the pros and cons and how you can choose what’s right for you.
Buying a UPS System
Buying a UPS system for your business is a sure thing. You own the equipment and you know it’s there. However, you also have to make sure that it’s maintained and that it can grow with the needs of your business. Good systems can also be expensive; if you’re business doesn’t have cash on hand to buy the right kind of backup power supply, you might get stuck with an inadequate system for your operation.
Leasing UPS Equipment
Leasing your UPS equipment offers a long-term yet still flexible way to protect your business operation while managing the risk that comes with buying equipment. While you will still have to consider the expense of a UPS system, there are some advantages that make leasing equipment the right option for many businesses:
- You have the option for financing, which can help improve your cash flow and improve your lines of credit.
- You have flexibility when the term of the lease is up, with the option of extending your lease or purchasing the equipment, or changing to a new system.
- Leasing gives you some of the advantages of buying, but allows you to easily upgrade to new equipment.
UPS System Rental Solutions
Depending on the size of your operation, buying or leasing a UPS system can be a sizable investment. Although renting a UPS system means that the equipment isn’t yours, renting equipment may be a better alternative for several reasons:
- You can reduce your capital expenses, equipment liability and repair costs, which may help your bottom line.
- You can maintain maximum operational flexibility if you don’t know what kind of power requirements you will have in the future or where your business will be located. If your needs or location change, you simply change the equipment you’re renting.
- You can add needed capacity during an emergency situation. Short term equipment rentals allow you to ramp up based on need after a disaster or other unexpected event.
In the end, the right option for you is the one that is best for your business. We offer short and long term solutions, and we can help you keep whatever system you decide on in perfect operating shape. Call us today and let us help you decide what UPS system is right for you.