Rent or Buy? 8 Questions to Ask

4/20/2011

The decision to rent or purchase equipment comes down to one thing: your needs. Below are a few things to consider when deciding if renting refrigeration equipment is right for you.

1. Do you need to keep your capital free and available?

If so, renting frees up your business capital and credit lines to spend on other income producing investments or additional inventory that generates more sales and increases your bottom line. Renting equipment does not appear as a liability on your Balance Sheet and increases your current ratio of assets to liabilities resulting in much better financial leverage.

2. Do you have seasonal needs where you could make extra money if you had a place to store extra product?

Renting allows you to take on more seasonal or temporary business on a short term basis as well as specialized projects without the long term financial commitment. Increase your inventory during your heavy season and increase your bottom line.

3. Do you want to make permanent improvements to the property?

Renting refrigeration equipment allows you to create the additional cold storage without the hassle of building permanent structures. Going through an extensive permitting process typically associated with permanent structures can require time and money. With Polar Leasing refrigeration rentals you can avoid delays and save money. You save on property taxes, insurance, and maintenance costs associated with building a permanent structure.

4. Want to expand but uncertain if your business can sustain it?

Take the uncertainty out by renting. Renting offers the flexibility for you to expand or contract your business as you see fit. Not sure if that new business is permanent? Rent additional cold storage and try it out. If you find you no longer have the need, the unit comes back to us with a phone call or email. It gives new meaning to "Try it before you buy it."

5. Do you need your inventory to be quickly accessible?

Renting equipment onsite at your facility eliminates the expensive delivery and off-premise storage fees, inventory access disruptions and extensive coordination that is necessary when storing your refrigerated products off-site. You also decrease your risk for losing inventory in transit due to damage or unforeseen circumstances during delivery.

6. Not sure what equipment is right for your long term plans?

What better way to try out different sizes of cold storage than by renting refrigeration and figuring what works in your everyday world in real time. Eliminate the risk of purchasing something only to find out later it was not what you needed. When you purchase you are making a permanent decision with little flexibility.

7. Do you need a back-up or emergency plan if your equipment fails?

We don't like to think about equipment failure but the reality is, it happens. If your existing equipment fails, renting is a short term solution to getting you back in business immediately. Protect your inventory investment and call us for refrigeration rental.

8. Are you worried about investing in equipment that quickly becomes outdated or is expensive to maintain?

With refrigeration, the current laws and regulations regarding refrigerants are changing as well as the energy efficiency requirements or standards being contemplated for newly purchased equipment. When equipment is purchased it requires ongoing maintenance, runs the risk of becoming outdated, and eventually the warranty will expire. Renting refrigeration is simple and eliminates those risks. Polar Leasing knows you have business to take care of so we maintain the unit.

READY TO RENT? Choose Polar Leasing.

If you're ready to rent but not sure who to go with, take a look at some of the major advantages of renting from Polar Leasing.

24/7 Customer Care

Day or night, you can reach a Polar Leasing dedicated customer service representative for questions and emergency or unanticipated needs.

Nationwide Convenience

With over 1,000 units in fleet across the country, we are located within minutes of all major US cities.

Turnkey Solution

Polar Leasing handles your rental needs from start to finish. We make the arrangements to deliver your unit to your site and we retrieve the unit when you are finished. It's that simple. No hassle for you. Our units are electric 220v single phase so you don't have to worry about putting expensive diesel fuel into the unit.

Flexible Rental Terms

From a few days to more than five years, Polar Leasing can accommodate all rental terms. In most cases, we can extend your rental if you require additional time. Custom units are available for longer term leases.

Solid Fiberglass Construction is sanitary and efficient

Fiberglass seamless nonporous surfaces eliminate the risk of bacteria formation
One piece construction for strength, durability and energy savings
Quick temperature recovery times
Electric units are generator adaptable
Indoor / Outdoor use

The Right Solution

Renting allows you to match the right equipment to your specific needs without the premiums for customized applications. Polar Leasing has various rental sizes available and the equipment can operate from -10°F (-23°C) degrees to 40°F (2°C). Many of the units are dual temperature allowing you the flexibility to use as a freezer or a cooler with the flip of a switch.

Flexible Sizes and Temperatures

Our refrigerator and freezer fleet includes ground resting walk-in rentals and mobile trailer rentals, available from 6'x8' to 14'x54' and various operating temperatures including units that switch from a refrigerator to a freezer with the touch of a button. All refrigerator rentals and freezer rentals are delivered pre-assembled and ready to operate with a simple electrical connection.