Vending machine lease allows you to own a piece of property for years at a time, and it can be the key to purchasing a new vending machine or refurbishing your existing one. There are certain things you should look for in a lease. First and foremost, make sure it will cover all aspects of your vending machine business. Be sure that the lease includes the machine’s purchase price and any associated costs such as taxes, deposits, and bonding. Many vending machine leases have a balloon payment feature that allows you to get out early, should the going get tough.
It is a good idea to find out exactly your financing options before signing any Vending Machine Leases. Will your new rental cost more than you currently owe on your old machine? What about adding on additional devices as you become successful? Some lease companies will finance your purchase, so you do not need to worry about this type of expense.
