What is an Operating Lease?

Rent vs Own.

Operating leasing enables customers to rent equipment rather than purchase it, offering use without ownership responsibilities.

This model transfers maintenance, servicing, and residual risk to the lessor, BioCapital, simplifying budgeting and procurement for customers.

One Payment Covers Everything.

Operating leases bundle all related costs into one predictable monthly payment, making budgeting straightforward.

This can include: Rent, Maintenance & Service, Insurance, Software Licences and Consumables.

Benefits without Responsibilities.

In summary, customers enjoy the equipment's benefits while maintenance, servicing, and other obligations remain covered by the rental agreement.

While an Operating Lease may incur a higher long-term cost than owning, the benefits and flexibilities as it provides often outweigh the costs.

Operating Leases are beneficial in avoiding complex CAPEX approval processes as it is simply a rental - not a purchase.