Soft landing for ATE acquisition

"Rent to buy" scheme reduces risks involved in specifying and purchasing test and inspection equipment.

Recognising that many companies, both new and old, view investment in technology with some trepidation, Itochu UK is making available a "soft landing" alternative for its test and inspection equipment.

By opting for the "rent to buy" alternative as opposed to outright purchase, the customer commits to a relatively low monthly or quarterly rental, enabling them to both get up to speed with the system and to begin generating income without the high initial capital outlay.

It is then up to the customer to decide when to make the purchase and the rental fees paid will, in part, be taken into account when the balance figure is calculated.

As Graham South of Itochu UK points out: "There are a number of other benefits accruing from our approach".

"The customer can acquire equipment when they need it and not when the capital budget dictates".

"Furthermore, paying a fixed cost each month out of future revenues results in easy budgeting and acts as an inflation hedge, while leaving existing capital and credit lines intact to continue developing the business".

The lease rental is 100% tax allowable, providing a tax efficient way to acquire equipment.

This soft landing approach was successfully used recently by Exception EMS when the company was considering investing in a third Takaya flying probe test system.

The new APT9411 system was acquired for Exception EMS' Fastrack service using this facility.

Back to top