When I was in high school, I purchased a tuxedo for my senior prom. The thought was, because I would surely attend many formal occasions in the future that would require a tuxedo, I'd save money by choosing to buy instead of rent. As it turns out, my vision of a black tie future was quite exaggerated. This same dilemma pops up when thinking about industrial instrumentation, such as gas detection equipment or demand flow regulators. Should you make the investment up front and buy or will renting be more financially wise in the long run?
Making the decision to rent or buy your safety gear is daunting if you've never done it before. When you buy an item, you run the risk of potential minimum usage. Alternatively, when you rent an item, you will have a sunk cost if you end up deciding it's better to purchase. There is a time and place for both renting and buying that depends on budget, preference, and type of item. To help your decision-making, we've outlined some of the common scenarios and what to expect when you choose either.