Rent, Lease or Buy: The Financial Advantages and Off Book Expenses

While buying equipment outright can have its advantages, there are a lot of reasons to consider renting or leasing equipment as an alternative option. For some, it’s the economic advantage of making smaller regular payments. Others may just need to use equipment for a short time and don’t want to worry about paying big money for something they’ll hardly use.

Renting and leasing can also be structured as an Off Book expense, saving you money and improving the liquidity of your business.

Let’s take a closer look at the different options and their benefits.

Rent, Lease or Buy?
Sure, there are some advantages to buying your assets outright. You own the equipment straight away and don’t need to worry about ongoing payments or interest. But, is buying always the best option?

When you rent or lease an item, you have the option to buy it at the end of the rental or lease period, carry on renting or renewing your contract. So, what’s the difference and how does it affect your finances?

Financial Benefits of Renting and Leasing
Renting or leasing might end up being a touch more expensive when talking about overall expenditure, but the flexibility renting and leasing offers is valuable in itself and there is the potential it might actually end up saving you money in other areas.

For starters, by making small, regular payments your capital isn’t tied to one large lump sum upfront payment, freeing your cash for other investments.

Lease and rental agreements are usually structured as an off-book expense, with the instalments taken off as an expense of doing business. This can improve your company’s overall financial picture and maintain a low debt to equity ratio.

Renting or leasing is also a brilliant solution if you’re not sure a piece of equipment is what you need. Try it out over a short term rental period and if it’s a good fit, you can purchase it outright at the end of your contract. This way you’ll be able to reap all of the financial advantages of renting or leasing before committing to buy.

Buying, renting or leasing – there’s no single right or wrong way and one option might be best for one business and another better for someone else. There’s also the option to combine solutions, buying certain equipment outright and opting to rent or lease others.

The best way for you and your business will depend on a variety of factors specific to you so it’s important to have a full understanding of how the different financial options can affect your income, your expenses and your taxation.

At Nexxis, not only are we an expert RVI and NDT supply company, we also specialise in fitting the right financial solutions to the right business. If you’re looking to outfit your business with new equipment but aren’t sure of the best way to go about obtaining it, contact us today and we’ll tailor a cost-effective solution to your exact needs. Browse our range of pipe inspection cameras including PTZ camera systems and NDT testing equipment such as thickness testing in our Product Catalogue here.

Short Term Rentals

Need state-of-the-art equipment onsite fast? A short-term rental is a flexible solution to suit your needs.

Gain immediate support to get through peak periods, unexpected projects or when essential equipment breaks down.

Our equipment is available on-demand, while our people, with technical project experience, understand better than anyway your situation and challenges.

This is a conventional rental option to accommodate any short to medium-term needs. A simple and smart engagement model structured to facilitate the fast deployment of equipment and technology to site.

Get in contact to find out more about our financial services

Long Term Leasing

Leasing immediately relieves pressure on CAPEX budgets, moving items to OPEX and with it, enabling greater tax benefits and cash liquidity.

It’s no secret that today’s economic climate is tough. Investment in Greenfields projects and infrastructure has slowed, austerity measures have been implemented across industries and we’re all trying to achieve more with spending less.

By understanding the financial benefits of leasing equipment, we empower you with new pathways that deliver on your immediate technology and expenditure requirements, providing access to class-leading Inspection Cameras (RVI) and Non-Destructive Testing (NDT) equipment rental and our very popular borescope rental.

Get in contact to find out more about our financial services

Rent to Own

A rent-to-own agreement, also called a lease option or a lease-to-own agreement. When buyers agree to rent the equipment for a set amount of time before exercising an option to purchase the equipment when or before the lease expires. Benefits:

  • Simple application process – we look for ways to approve you
  • No deposit, no bond – no need to wait to save or use your working capital and savings
  • Tax advantages – rental payments are 100% tax-deductible (confirm details with your accountant)
  • Renting is ‘Off-Balance Sheet Funding” which doesn’t affect future borrowing capacity
  • Minimal documentation

*All information provided is general. Please consult your accountant to determine whether this service is appropriate for you.

Get in contact to find out more about our financial services


The full range of equipment and technology available to the market is available to outright purchase.

This includes individual and bulk purchases, speak to Nexxis directly for more pricing information on specific items.

Nexxis can provide exclusive preferred seller agreements and discount levels.

Get in contact to find out more about our financial services


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